property in SpainCosta Blanca areaOrihuela cityapartmentApartment № 299460

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3 bed apartment for sale in Orihuela, Spain, 83 m²

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Price	€225,000
Type	Apartment
Covered area	83 m²
Beds	3
Bath	2
Rooms	4
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Environment

Apartamento en Villamartin – Bennecke

Apartment in Villamartín, Orihuela Costa. It has 3 bedrooms, 2 bathrooms, living room, kitchen and terrace of 28m2. The property has a constructed area of 83m2. It has attractive gardens and communal pool. Includes parking space and storage room. It is oriented to the southwest.
Villamartín is a prestigious area equipped with all the services and comforts between golf and the sea. Nearby is La Zenia Boulevar, which is the largest shopping center in the province of Alicante. Also nearby is the Villamartin Golf Course, 5 minutes from the beach, the Real Campoamor Golf Club and the Las Ramblas Golf Course, surrounded by schools, shopping centers, restaurants, pharmacies, bus stops that favor stay throughout the year. It easily connects with the N-332 national highway and the AP-7 Mediterranean motorway.

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

€388 per month

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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

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Spain, Orihuela
Apartment €225,000
- Covered area: 83 m²
- 4 rooms, 2 bath

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