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8 bed villa for sale in Majorca, Spain, 700 m²

8 bed villa for sale in Majorca, Spain, 700 m² - photo 1
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8 bed villa for sale in Majorca, Spain, 700 m² - photo 8
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Price€4,900,000
TypeVilla
Covered area700 m²
Beds8
Bath9
Rooms9
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Description

Beautiful Villa with stunning views is located in one of the most beautiful areas of the island. Villa built in 1986 consists of 3 parts: the main house consists of a spacious living room with fireplace, equipped kitchen, dining area, barbecue, summer kitchen with exit to the terrace, 3 bedrooms, 3 bathrooms en suite, office with terrace; charming beauty of the courtyard leads us to the second part of the building, where there are 3 bedrooms, 3 bathrooms en suite, terrace, living room with a small kitchen; the third part of the house consists of 1 spacious bedroom and 1 bathroom. Total square footage 2000 m2, living area of 700m2, Central gas heating, air-conditioning, storeroom, swimming pool, located on a large terrace with panoramic sea views, garage for 2 cars.

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
Rental Cost
0%
Company Representatives
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Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
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