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3 bed villa for sale in Playa de las Americas, Spain

ID: 173302
Price€950,000
TypeVilla
Beds3
Bath3
Rooms4
Qualify for Residence Permit
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3 Bed Villa - Madroñal

Environment
Villa with great potential in the popular district " Madroñal " with three bedrooms, three bathrooms , Jacuzzi, separate kitchen, spacious living room, terrace with large windows and views of the sea, garden 340 m2 with heated pool and jacuzzi. Villa in one floor. On the lower level is enough space to make a home cinema, gym or beauty salon. It is possible to expand the villa. In walking distance is a shopping center Gran Sur, the best beaches of the island just 5 minutes away by car.

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%
Paula
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