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3 bed flat for sale in Orihuela, Spain, 86 m²

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Price€550,000
TypeFlat
Covered area86 m²
Beds3
Bath2
Rooms4
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Environment

Ático en Mil Palmeras – Bennecke

Modern style penthouse with magnificent views to the sea located in Mil Palmeras, Orihuela Costa. It has 3 large bedrooms, open kitchen, 2 bathrooms, Gallery and 26 m 2 terrace and a large solarium of 81 m 2 facing the sea where you can enjoy fantastic views. The House is located in a complex with communal swimming pool and beautiful common areas. It has underground parking space. Just 5 minutes from the commercial centre La Zenia Boulevard. In the vicinity you have Orihuela Costa, Pilar de la Horadada and San Pedro de el Pinatar. Adding is easy both the N-332 road and the AP-7 Mediterranean motorway. Thousand Palms boasts more than 2500 hours of sunshine per year and an average temperature of 18 ° C, which makes it a privileged area. It has a large area of services, green areas and seafront. These magnificent climatologic conditions joined by beaches of fine sand and clean and well maintained that allow a bathroom and a comfortable rest and waters that have earned the qualification of blue flag which gives the European Union, such as Mil Palmeras Beach, beach of Dehesa de Campoamor and beach of the Higueras.

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
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