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3 bed apartment for sale in Orihuela, Spain - photo 1
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3 bed apartment for sale in Orihuela, Spain

ID: 244157
Price€260,000
TypeApartment
Beds3
Bath2
Rooms4
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Sale Apartment - Orihuela - Spain

Brand new modern style apartment with sea views situated in Mil Palmeras, Orihuela Costa. The property has 3 bedrooms, open kitchen, 2 bathrooms, 36m2 terrace looking to the sea, where you can enjoy great views. Located in a gated complex with large communal pool and common areas. It has underground parking.Mil Palmeras enjoys over 2500 hours of sunshine per year and average temperature of 18 ° C, which makes it a prime area. It has a large service area, parks and promenades. Only 5 minutes from the shopping centers La Zenia Boulevard and Dos Mares. These magnificent weather, sandy beaches such as the Playa Mil Palmeras, Playa de Campoamor, Playa del Puerto and Playa de las Higuericas. Mil Palmeras is a prestigious area in Orihuela Costa, ??Costa Blanca, very close to Campoamor, Pilar de la Horadada, Pueblo Latino and San Pedro del Pinatar. Only in 10 minutes you can reach the famous salt lakes of San Pedro del Pinatar and Thalasia center and spa. Good conection with the national road N-332 and the Mediterranean motorway AP-7.

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
Rental Cost
0%
Helga
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