2 bedroom Villa for sale

2 bedroom Villa for sale

El Faro, Málaga
399,995
 
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
  • 2 bedroom Villa for sale
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Investment Opportunity: 2-Bed Bungalow with Casita in El FaroThis 2-bedroom bungalow in El Faro, Mijas Costa, offers an excellent investment and renovation opportunity in a sought-after coastal location Positioned on a quiet one-way street, the property is just a 10-minute walk from the beach, with a roof terrace boasting sea views El Faro sits between the popular towns of La Cala de Mijas and Fuengirola, and is only 25 minutes from Málaga Airport, making it a highly convenient spot for both permanent living and holiday rentalsThe main bungalow features two bedrooms and a renovated bathroom, along with living and dining areas that would benefit from modernisation In addition, there is a separate guest casita with its own bedroom, kitchenette, and bathroom — ideal for visitors or generating rental income With 113m² built on a 458m² plot, the property offers flexibility for future expansion, including the potential to add up to 100m² and even a second level if desiredThe outdoor space is one of the highlights, with a private patio, lawned garden, and a roof terrace with sea views There is ample room to build a private swimming pool, though residents also enjoy access to the nearby El Faro community pool, just a short 2-minute walk away With strong investment potential, a prime location close to La Cala and Fuengirola, and scope to create a modern coastal home, this property is a fantastic opportunity on the Costa del SolSummary:Investment opportunity in El Faro, Mijas Costa2-bedroom, 1-bathroom bungalow + separate guest casitaPlot size 458m² with 113m² built and option to extend by 100m²Renovated bathroom; rest of property ready for modernisationRoof terrace with open sea views10-minute walk to the beach, quiet one-way streetOutdoor patio, lawned garden, and space for private poolAccess to El Faro community pool just 2 minutes away

Property Features

  • 2 bedrooms
  • 2 bathrooms
  • 113m² Build size
  • 458m² Plot size

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
37,000€
Final Payment of 90% on completion
359,996€
 
Property Purchase Expenses
Property price
399,995€
Transfer tax 10%
40,000€
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:
399,995€
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Interest Rate:
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* 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.

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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