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3 bed flat for sale in Puerto de Santiago, Santiago del Teide, Spain, 86 m²

ID: 279958
Price€400,000
TypeFlat
Covered area86 m²
Beds3
Bath2
Rooms4
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Environment

3 Bedroom Penthouse

Luxurious 3 bedroom penthouse in the center of the fishing village of Puerto Santiago. Apartment with 3 bedrooms and two bathrooms with shower. One of the rooms is ensuite. American kitchen fully furnished with appliances. Spacious living room with lots of light that opens onto a terrace with spectacular sea views. Idyllic place to have a second residence or as an investment. The community fee is € 20. The house has 103 m2. Unique opportunity to get a home with these characteristics in the high demanded area of Puerto Santiago. Property with less than 10 years of construction and completely renovated in 2018. Price 370.000€

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%
Helga
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