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2 bed apartment for sale in Orihuela, Spain, 87 m²

2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 1
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 2
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 3
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 4
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 5
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 6
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 7
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 8
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 9
2 bed apartment for sale in Orihuela, Spain, 87 m² - photo 10
Price€375,000
TypeApartment
Covered area87 m²
Beds2
Bath2
Rooms3
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Environment

Apartamento con vistas al mar en Mil Palmeras – Bennecke

First line apartment in Mil Palmeras. The property consists of 2 bedrooms and 2 bathrooms. Also the property has a large dining-living room, american style kitchen, laundry room and terrace of 19 m2. The residencial has underground parking, storage room, communal pool and green areas.
Mil Palmeras enjoys more than 2500 hours of sunshine per year and an average temperature of 18ºC, which makes it a privileged area. It has a wide area of services, green areas and promenade. These magnificent weather conditions are joined by fine sand beaches and clean, well-kept waters that make it possible to bathe and rest comfortably and have earned the blue flag rating granted by the European Union, such as, Mil Palmeras Beach, Dehesa de Campoamor Beach and Higuericas Beach.

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%
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