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3 bed villa for sale in Santiago del Teide, Spain, 650 m² - photo 1
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3 bed villa for sale in Santiago del Teide, Spain, 650 m²

ID: 173277
Price€780,000
TypeVilla
Covered area650 m²
Beds3
Bath3
Rooms4
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3 Bed Villa - Puerto Santiago - Playa Arena

Environment
Playa de la Arena is located on the south west coast of Tenerife and is only a short distance fr om holiday resorts like Los Gigantes and Puerto de Santiago. Situated in the municipality of Santiago del Teide, Located at about 30 kilometres from Playa de Las Americas and Los Cristianos. It is generally acknowledged that the year-round climate in this region is among the best in the World. Playa de La Arena is a small cozy village, black sand beach, restaurants and cafés.
Building
Very nice one-level villa near the Playa de la Arena beach - the famous black sand beach in Puerto Santiago (Los Gigantes). 3 bedrooms with 3 bathrooms en-suite + toilet, lounge, a new kitchen. Comes with a garage, swimming pool and a small garden. Land parcel is 500 m2, the living area is 150 m2. Apart from that there is a 75 m2 premises in the lower lever wh ere another 2 bedroom apartment can be built or a gym, sauna, etc. Sea view.

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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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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