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2 bed house for sale in Moraira, Spain, 96 m² - photo 1
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2 bed house for sale in Moraira, Spain, 96 m²

ID: 274753
Price€250,000
TypeHouse
Covered area96 m²
Land area287 m²
Beds2
Bath1
Rooms3
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Description

Detached villa, totally renovated, with panoramic views on whole Moraira y El Portet, in a quite residential area. Well situated: 2 minutes by car (30 minutes by foot) to the sea, beaches, shops, city centre. Next to supermarkets LIDL, Carrefour, ALGI y tank station Cepsa for gas bottles purchase. 10 minutes by foot to tennis club Sol Park, chemist, mini golf, bars and restaurants.  
2 levels: 1st floor has an option of transforming it into a separate apartment.  There is a possibility of constructing a 3rd level for more spectacular views. The best way of fitting a pool is to extend the balcony. There is plenty of space for sunbeds and a whirlpool. 

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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Interest Rate
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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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Jane
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