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Flat for sale in Elviria, Marbella, Spain, 237 m²

ID: 275589
Price€359,000
TypeFlat
Covered area237 m²
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3 Bedroom, 2 Bathroom Penthouse For Sale in Elviria, Marbella

This incredible duplex apartment has 3 bedrooms and 2 bathrooms and is located in the luxurious and sought-after urbanization of El Soto de Marbella. This is located in the hills above Elviria in the protected Unesco reserve.
The urbanization boasts beautifully kept grounds as well as a number of pools
The apartment boasts 3 terraces, with Sea, Golf and mountain views across the Mijas valley.

The penthouse has been recently upgraded to a luxurious standard with a significant investment to improve the kitchen and living space area. This has been done to the highest possible standard and separates this property from the others in this development

The main fantastic large master bedroom has double height vaulted ceiling, with large bathroom, walk-in wardrobe and two terraces, faced southeast and west cover whole space on upper level. The bathroom boasts a shower as well as a Jacuzzi bath and double sink.

On the main level you also find 2 spacious bedrooms sharing a lovely family bathroom with both shower, bath, toilet and bidet, mirrored wall above marble top and sink

The original spacious open terrace was converted to (Glass curtains and roof and tiled floor) and currently used as dining room and separate extra storage room with second fridge and powerful portable air conditioner. All glass panels are movable and can be completely opened.

The kitchen has recently been reformed to the highest standards with new electric appliances by opening up the wall to create a large open plan living and cooking space, with a breakfast marble bar dividing the kitchen.

The Lower floor terrace has been enclosed with glass curtains to increase the living space of the internal property.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
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0%
Jane
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