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4 bed flat for sale in Vélez-Málaga, Spain, 160 m²

4 bed flat for sale in Vélez-Málaga, Spain, 160 m² - photo 1
4 bed flat for sale in Vélez-Málaga, Spain, 160 m² - photo 2
4 bed flat for sale in Vélez-Málaga, Spain, 160 m² - photo 3
4 bed flat for sale in Vélez-Málaga, Spain, 160 m² - photo 4
4 bed flat for sale in Vélez-Málaga, Spain, 160 m² - photo 5
4 bed flat for sale in Vélez-Málaga, Spain, 160 m² - photo 6
4 bed flat for sale in Vélez-Málaga, Spain, 160 m² - photo 7
4 bed flat for sale in Vélez-Málaga, Spain, 160 m² - photo 8
Price€349,000
TypeFlat
Covered area160 m²
Beds4
Bath2
Market infoNew homes
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Environment

Penthouse in Seven View

The new residential complex Seven Views is nestled in Condemar neighborhood of Chilches Costa. This natural environment is just 500 meters away from the beach, 20 minutes away from Malaga and only a few minutes away from the main shopping centers and recreational zones of eastern Costa del Sol.

The property is located on the west side of Vélez-Málaga municipality, specifically in the region of Axarquía. A genuinely superb location of this property offers stunning views and tranquil walks along 1,361 meters sand beach situated within close proximity and divided into La Estación, Puerta del Hierro and El Cañuelo sections.

This quiet town has its own heritage sites such as the church Iglesia de la Inmaculada Concepción and a tower la Torre de Chilches. All types of services are present in the Civic House of Chilches (Casa Cívica de Chilches) such as a municipal library, medical center, post office. Shopping is convenient at closely located supermarkets and shops. Moreover, there are sporting facilities zones available to everyone.

Chilches can be easily accessed to Málaga, Vélez-Málaga, Nerja, Periana and Rigordo via M-260, M-362, M-363, M-364, and M-365 bus lines. Another possible route to the complex goes from Malaga through A7 highway, Motril-Almería direction stopping at exit 258 and turning to N-340 road.

Seven Views residential complex consists of seven houses and luxurious penthouses. The property features a spacious living room, 3-4 bedrooms, 2-3 bathrooms, a furnished kitchen equipped with high-end appliances, one or two parking spaces, and storage. The large terraces boast striking views of the sea.

This residential complex also has a heated indoor pool that can be used at any time of the year and a communal gym.

The property will be completed and move-in ready in the first quarter of 2021.

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

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Company Representatives
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