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2 bed apartment for sale in Orihuela, Spain, 316 m²

2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 1
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 2
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 3
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 4
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 5
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 6
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 7
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 8
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 9
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 10
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 11
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 12
2 bed apartment for sale in Orihuela, Spain, 316 m² - photo 13
Price€250,000
TypeApartment
Covered area316 m²
Beds2
Bath2
Rooms3
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Environment

Ático de obra nueva en Villamartin, Orihuela Costa – Bennecke

Fantastic penthouse in Villamartin, Orihuela Costa. The property is a new build and consists of 2 bedrooms and 2 bathrooms (one of which en-suite). Also the apartment has a american kitchen, dining-living room with large terrace of 148 m2 and solárium of 86 m2. The apartment is located in an private complex with underground parking, storage room, communal pool, jacuzzi and green area.
Villamartin is a prestigious area equipped with all services and amenities 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
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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

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