3 bedroom Villa for sale in Nueva Andalucia, Málaga, Spain

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Ref: MLSC5416778

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Welcome to this modern villa with a great location with less than 10 minutes walking distance to the beach The layout is as follows:Ground floor:2 ensuite double bedrooms, open plan living with a modern kitchen and dining & living room area that leads to the terrace The garden has a private pool, outdoor kitchen and a pergola you can enjoy First floor:Master bedroom with an ensuite bathroom and a large private terrace areaThis villa is located in the heart of Nueva Andalucia with easy access to the beach, Puerto Banus & San Pedro It's a great investment property and will generate a very high rental incomes due to the villas AAA+ location There is no private parking in the villa at the moment but the current owners have sent in a request to build up to two parking places designed by an arichtect which is pending approval (please see plans in pictures for reference)

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Property Features

3 bedrooms
3 bathrooms
252m² Build size
554m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

159,500€

Final Payment of 90% on completion

1,462,500€

Property Purchase Expenses

Property price

1,625,000€

Transfer tax 10%

162,500€

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.

Mortgage Calculator

Mortgage Amount:

1,625,000€

Deposit:

€

Interest Rate:

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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.