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Ref: M270921
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Welcome to this fantastic Spanish Classic Mediterranean beach front villa in Playa Flamenca, Orihuela Costa!This fantastic property is in a privileged area that many people dream of living in, as it is only less than a minute's walk to the beach, providing you with easy access during the summer months. It is also very close to other amenities such as: shops, bars, and restaurants to name a few. Golf enthusiasts can enjoy the many golf courses the area has to offer, all within a 20-minute drive.The villa itself sits on a large plot that has a large front terrace with magical sea views and a private pool in the rear part of the property for you to enjoy.The villa consists of 4 bedrooms, 3 bathrooms and has a fully fitted kitchen as well as other spectacular features such as, 2 lounge areas, numerous terraces, and a barbecue area, making this villa a fantastic hub for entertainment. The owner of the property has renovated the bathroom with a modern Mediterranean twist and has installed a brand-new pool on the premises. This property also has a common area that is available that also has a pool for its residents to enjoy (with an agreement from the owner to share maintenance costs).This property is a great investment opportunity as the villa next door is also for sale by the same owner and has great rental potential as the owner has rented it out for many years with great success.
Property Features
- 4 bedrooms
- 3 bathrooms
- 523m² Plot size
- Sauna
- Jacuzzi
- aire acondicionado
- alarma
- ascensor
- terraza
- jardín
- gimnasio
- Árboles
- Autobuses
- Centros comerciales
- Colegios
- Costa
- Despensa
- Hospitales
- Metro
- Satélite
- Zonas Infantiles
- Piscina Propia
- F
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
97,000€
Final Payment of 90% on completion
900,000€
Property Purchase Expenses
Property price
1,000,000€
Transfer tax 8%
80,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.