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3 bed villa for sale in Orihuela, Spain, 259 m²

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Price€429,900
TypeVilla
Covered area259 m²
Beds3
Bath3
Market infoNew homes
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Environment

Chalet in Palm Beach III

This residential complex offering exclusive villas is nestled in La Zenia, a privileged place in Orihuela Costa (Alicante) that boasts a beautiful panoramic view over the sea.

The area is only five minutes away from one of the most beautiful beaches of the Costa Blanca and is surrounded by a wide choice of services that include La Zenia Boulevard shopping center which has 150 stores and restaurants; golf courses; educational centers, bars, recreational zones, etc.

It’s located just 40 minutes from Alicante and allows to enjoy a large city advantages such as proximity to an international airport, a high-speed train, hospitals, schools, etc. Orihuela also offers other points of interest for its inhabitants such as sports facilities, health centers and schools.

You can get to and from this area by car going through AP-7 motorway and N-332 road and by public transport via the bus line that runs through the neighborhood.

Project description

Palm Beach III is a residential complex featuring 32 individual villas of contemporary design boasting the best sea views. The properties offer 3-4 bedrooms, 3 bathrooms, a private swimming pool, a basement and sunbathing decks that allows to enjoy the Mediterranean sun and panoramic views of the coast.

The properties with 259 square meters usable floor space have an 85 square meters basement and great outdoors designed for recreational purposes.

The properties that were constructed using high-end quality materials and innovative designs have the prices starting at 379,000 euros plus VAT.

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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