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3 bed villa for sale in Playa de las Americas, Spain, 771 m² - photo 1
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3 bed villa for sale in Playa de las Americas, Spain, 771 m²

ID: 173379
Price€685,000
TypeVilla
Covered area771 m²
Beds3
Bath4
Rooms4
Qualify for Residence Permit
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3 Bed Villa - Torviscas Alto

Environment
Superb villa in the lower part of Torviscas Alto just above Gran Sur commercial complex. Quiet location with panoramic views of the coat and the ocean, just 1,5 km from the beaches.
Building
Ground floor with a spacious lounge, kitchen, bedroom with a bathroom, guest toilet, with all the premises coming out to the garden and the terrace. Upper floor with 2 big bedrooms, each with its own bathroom, and access to a terrace with impressive views. Underground floor has a garage, laundry, and a spacious room to be used as a cinema, gym, etc. Nice garden that goes all around the house, private pool.

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%
Amina
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