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4 bed villa for sale in Playa de las Americas, Spain, 945 m² - photo 1
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4 bed villa for sale in Playa de las Americas, Spain, 945 m²

ID: 173336
Price€695,000
TypeVilla
Covered area945 m²
Beds4
Bath3
Rooms5
Qualify for Residence Permit
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Fantastic villa - Torviscas Alto

Environment
An extremely well maintained detached villa located in the popular area of Torviscas Alto, a quiet residential area on the South Coast of Tenerife with breathtaking views to the mountains, the coastline and La Gomera. To enjoy an enviable peace but within minutes, you can find all the amenities you need. An ideal permanent residence or the perfect place to spend your holidays.
Building
This beautifully presented villa built on various floors consists out of 4 bedrooms and 3 bathrooms. From whom 2 of the rooms have the bathroom ensuite. The master bedroom has a walk-in closet and a lovely balcony with spectacular views and on the upper level there is a superb roof terrace to enjoy 360º of precious views! The property has a lovely recently renovated fully fitted separate kitchen, a modern bright dining and lounge area with direct access to the terraces and the pool area with private swimming pool. Sold completely furnished. Furthermore there are 2 gated driveways and there is the possibility to build another large garden, a fitness area, a separate guest apartment, etc. In short, a superb villa with lots of potential for a nice price!
Plot
Built on a plot of 700m2, the total constructed area is 245m2.
Extras
Immaculately maintained, private pool, quiet area, a beautiful property with loads of potential!

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%
Jane
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