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Charming Villa with Great Potential in Torremolinos
This spacious villa, located in an elevated residential area of Torremolinos, offers stunning panoramic views of Málaga and the Mediterranean Sea. Situated on a private *1,816 m² plot*, the property combines peace and convenience, just minutes away from the train station, airport, Málaga city center, Torremolinos, and the beach.
Key Features:
- 3 en-suite bedrooms, with the possibility to add more
- Spacious living room with access to a terrace overlooking the sea
- Fully equipped kitchen with a cozy breakfast nook
- Basement with a wine cellar and space for a gym, cinema, or games room
- Outdoor area with a private pool, mature garden, bar, and barbecue zone
Investor Opportunity:
The plot offers multiple development options:
- Divide it into three plots, with 1,000 m² for the existing house and 800 m² for a large villa or two plots of 400 m² each
- Develop terraced houses
- Renovate the existing villa and keep it as a large private property
A property with great potential for living or investing. Contact us for more information or to schedule a viewing!
This spacious villa, located in an elevated residential area of Torremolinos, offers stunning panoramic views of Málaga and the Mediterranean Sea. Situated on a private *1,816 m² plot*, the property combines peace and convenience, just minutes away from the train station, airport, Málaga city center, Torremolinos, and the beach.
Key Features:
- 3 en-suite bedrooms, with the possibility to add more
- Spacious living room with access to a terrace overlooking the sea
- Fully equipped kitchen with a cozy breakfast nook
- Basement with a wine cellar and space for a gym, cinema, or games room
- Outdoor area with a private pool, mature garden, bar, and barbecue zone
Investor Opportunity:
The plot offers multiple development options:
- Divide it into three plots, with 1,000 m² for the existing house and 800 m² for a large villa or two plots of 400 m² each
- Develop terraced houses
- Renovate the existing villa and keep it as a large private property
A property with great potential for living or investing. Contact us for more information or to schedule a viewing!
Property Features
- 3 bedrooms
- 3 bathrooms
- 452m² Build size
- 1,816m² Plot size
- Swimming Pool
- close to golf
- fitted kitchen
- air conditioning
- beautiful garden
- garden
- garage
- private pool
- garden & pool views
- residential area
- sea views
- close to restaurants
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
124,500€
Final Payment of 90% on completion
1,147,500€
Property Purchase Expenses
Property price
1,275,000€
Transfer tax 10%
127,500€
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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Spanish Property News & Updates by Spain Property Portal.com
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.