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4 bed villa for sale in Valencia, Spain, 550 m²

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Price€600,000
TypeVilla
Covered area550 m²
Beds4
Bath5
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Environment

Description

Villa of 550 sq. m. renovated, with 4 bedrooms, 5 bathrooms, 2 kitchens, large basement and garage for several cars and direct access to the living room. The garden is planted with orange trees. The fit and finish of a swimming pool, lighting, shed, Playground. The territory is fenced, entrance is equipped with automatic gates, video surveillance connected to Central alarm, sheds and wooden Windows, wooden beams, parquet floors and ceramic tile.

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%
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