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2 bed villa for sale in Vilaflor, Spain

ID: 173249
Price€525,000
TypeVilla
Beds2
Bath2
Rooms3
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Finca with house - La Escalona - Arona

Environment
Property located in a quiet area within the municipality of Arona. Right next the center of Arona with its schools, shops, medical center, parks and a few café-restaurant. 10 minutes from the motorway, and from the Golf Courses. Reina Sofia Airport is only a 20 minutes drive. With a good public transport connection.
Building
Unusual villa with panoramic views situated in La Escalona. The house has 2 separate kitchens, 2 bedrooms, 2 bathrooms, 1 toilet, lounge with fireplace, dining room and large terrace with BBQ and spectacular views over the mountains, the coast to the sea.

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%
Helga
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