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1 bed apartment for sale in Playa de La Arena, Santiago del Teide, Spain, 55 m²

Price€245,000
TypeApartment
Covered area55 m²
Beds1
Bath1
Rooms2
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Environment

1 Bedroom Apartment

Incredible apartment located in complex on the seafront and with wonderful panoramic views of the Atlantic Ocean and Isla de La Gomera just 50mts. from the well-known Playa La Arena.
It has a spacious and bright room with direct access to the terrace, where you can see the best sunsets of Tenerife, fully equipped American kitchen, a bathroom with skylight that gives natural light throughout the day, a bedroom with fitted wardrobes and direct access to the rear terrace facing east that has sun during the morning.
The complex has a heated pool, recently remodeled and a large solarium with direct views to the sea …..
It is 2 ’walk from the leisure area of Playa La Arena, with restaurants, bars, beaches, banks, taxis, car rental, and everything you need to fully enjoy the Isle of Eternal Spring.
Community expenses: € 105 per month.

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
423 per month
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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
Company Representatives
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+34 (931) 720-189
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