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3 bed flat for sale in Orihuela, Spain, 125 m²

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Price€229,900
TypeFlat
Covered area125 m²
Beds3
Bath2
Rooms4
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Environment

Ático con vistas al mar en Cabo Roig, Orihuela Costa – Bennecke

Mediterranean style penthouse-duplex in Cabo Roig, Orihuela Costa. The property consists of 3 bedrooms and 2 bathrooms over 2 floor. On ground floor you will find a large dining-living room with gas fireplace, open kitchen, 1 bathroom and large terrace with open views. On the first floor you will find 3 bedrooms, 1 bathroom, 1 terrace and solárium with sea views and communal views. The penthouse is located in a fantastic complex with 2 communal pools, parking and green areas.
Cabo Roig is located within walking distance of supermarkets, bars and restaurants. A few minutes by car the famous Zenia Boulevard Mall and several golf courses known as Las Ramblas and Campoamor, Villamartin, the award-winning Las Colinas Golf Country Club. The two international airports of Murcia and Alicante are in car at 45 and 25 minutes respectively.

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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