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5 bed villa for sale in Valencia, Spain, 585 m²

5 bed villa for sale in Valencia, Spain, 585 m² - photo 1
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Price€875,000
TypeVilla
Covered area585 m²
Land area1500 m²
Beds5
Bath5
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Environment

Description

Villa with huge terrace and panoramic views of the sea and the city. The Villa has an entrance hallway, lounge, living room, kitchen and attic, a study of 40 m2 with library, 4 bedrooms with two bathrooms. On the ground floor there is a large room with a bathroom with Jacuzzi. In the basement level has a SPA with a sauna, Turkish bath, Jacuzzi, gym. Equipment: garage for several cars. The house is furnished and equipped with appliances. There is armored door, Laundry, built-in furniture, storage space, air conditioning, fireplace, basement and Solarium.

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%
Company Representatives
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