Villa for sale in Finestrat, Alicante, Spain

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Ref: EFML4938M

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Investment Opportunity Urban Plots for Residential Development in Balcón de Finestrat. Excellent opportunity for investors and developers!We are offering two independent urban plots in the fast-growing residential area of Balcón de Finestrat, just minutes from the Puig Campana Golf Course, public school, high school, and senior residence. A privileged location with high development potential and growing demand.&128205; Plot AS-14:Total land: 3,170 m²Buildability: 0.24 → 760.80 m² of constructionMaximum building footprint (occupancy): 2,092.36 m²Possibility to build up to 4-6 detached homes&128205; Plot FL-03:Total land: 3,420 m²Buildability: 0.30 → 1,026 m² of constructionMaximum building footprint (occupancy): 2,589 m²Possibility to build up to 12 dwellings&10004;&65039; Fully urban land &10004;&65039; Quiet residential environment with views &10004;&65039; Excellent access and infrastructure &10004;&65039; Fast-growing area with high potential returnsWhether you're planning a boutique villa project or a residential development, these plots are ideal for creating modern, in-demand homes in one of the most promising areas of the Costa Blanca.&128222; Contact us for full details, plans, and a guided visit.

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Property Features

0 bedrooms
0 bathrooms

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

137,000€

Final Payment of 90% on completion

1,260,000€

Property Purchase Expenses

Property price

1,400,000€

Transfer tax 8%

112,000€

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.

Mortgage Calculator

Mortgage Amount:

1,400,000€

Deposit:

€

Interest Rate:

Period:

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%.