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property in SpainCosta Blanca areaOrihuela cityapartmentApartment № 326730
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2 bed apartment for sale in Orihuela, Spain, 77 m²

2 bed apartment for sale in Orihuela, Spain, 77 m² - photo 1
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Price€169,000
TypeApartment
Covered area77 m²
Beds2
Bath1
Rooms3
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Environment

Apartamento de obra nueva en Playa Flamenca, Orihuela Costa – Bennecke

New build apartment in Playa Flamenca. The property consists of 2 bedrooms, 1 bathroom, dining-living room and open kitchen. Also the apartment has a terrace of 12 m2. The property is located in modern residencial with communal pool and optional parking.
Playa Flamenca is an area by the sea , where you can enjoy water sports, entertainment and beaches. It is close to all amenities as Zenia Boulevard Mall and sports centers. Just 300 meters from the beach of Playa Flamenca, close to Punta Prima and La Zenia. Few minutes from the golf courses Las Colinas, Campoamor, Las Ramblas and Villamartin. Good communication with the Mediterranean motorway AP-7 and the national road 332.

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
€292 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
0%
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