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3 bed flat for sale in Torremolinos, Spain, 118 m²

3 bed flat for sale in Torremolinos, Spain, 118 m² - photo 1
3 bed flat for sale in Torremolinos, Spain, 118 m² - photo 2
3 bed flat for sale in Torremolinos, Spain, 118 m² - photo 3
3 bed flat for sale in Torremolinos, Spain, 118 m² - photo 4
3 bed flat for sale in Torremolinos, Spain, 118 m² - photo 5
3 bed flat for sale in Torremolinos, Spain, 118 m² - photo 6
3 bed flat for sale in Torremolinos, Spain, 118 m² - photo 7
Price€206,900
TypeFlat
Covered area118 m²
Beds3
Bath2
Market infoNew homes
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Environment

Apartment in Edificio Lorca

Lorca properties are located in the Centro district of the Malaga municipality of Torremolinos, more specifically in the El Calvario neighborhood. This neighborhood extends to the uptown, which is known for its welcoming and developed environment. Torremolinos is one of the tourist destinations attracting everyone to its vibrant both at day and night Costa del Sol.

The residential complex stands in front of the town hall and next to the Federico García Lorca square. Walkable location to all types of services such as food stores, health centers, markets, educational centers, banks, gyms, catering areas, etc. Unmatched access to natural parks such as Los Pinares and just seven minutes away from the beach.

The area is perfectly connected with the city thanks to different buses, the nearby Málaga-Fuengirola suburban train and the Málaga-Marbella highway.

Project description

Lorca project is a residential complex consisting of 55 apartments having a 51-121 square meters floor plan. This innovatively designed property offers great communal outdoors such as sun-bathed roof decks, a swimming pool and a seating lounge area.

Interior features include preinstalled air conditioning system in bedrooms and a living room; furnished kitchens; hardwood Nordic gray color flooring; high-end quality stoneware in bathrooms and a kitchen; terraces with non-slip stoneware flooring; exclusive ceramic tiles in a kitchen and bathrooms; sanitary hot water production devices, operating on thermo accumulators and solar collectors; double glazed Climalit windows, and a video intercom system.

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%
Company Representatives
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Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
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+44-20-3936-4067
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+7 (495) 240-81-87
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