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Penthouse with Huge Wraparound Terrace in MirafloresSituated in the sought-after community of Miraflores, this two-bedroom penthouse is just a 15-minute stroll from El Bombo beach in La Cala The standout feature is without doubt the expansive 123m² wraparound terrace—larger than the apartment itself—boasting uninterrupted sunshine and spectacular views across the Mijas mountainsThe interior offers a bright living room, separate kitchen, two double bedrooms, and two bathrooms, including an ensuite in the master Both bedroom and the lounge enjoy access to the outdoor space While the apartment is ready for modernisation, its price reflects this, making it an excellent opportunity for buyers to customise and add value in a prime Costa del Sol locationThe vast terrace offers scope to create an incredible outdoor lifestyle—examples within the complex include summer kitchens, jacuzzis, and private spa areas The property is sold with an underground parking space and a private storeroom Residents benefit from beautifully maintained gardens and a large communal swimming pool, while supermarkets, cafés, and restaurants are just a five-minute walk awayThis is a rare chance to secure a top-floor property with enormous potential, whether as a stylish holiday retreat or a comfortable permanent residenceSummary:Two-bedroom penthouse in gated Miraflores community123m² wraparound terrace with panoramic Mijas mountain views15-minute walk to El Bombo beach in La CalaSpacious lounge, independent kitchen, two bathrooms (one ensuite)Excellent renovation potential with strong ROITerrace ideal for outdoor kitchens, jacuzzi, or saunaIncludes underground parking and separate storage roomCommunal gardens and large swimming pool5-minute walk to shops, restaurants, and barsIdeal for holiday home or full-time living in Costa del Sol
Property Features
- 2 bedrooms
- 2 bathrooms
- 94m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
34,500€
Final Payment of 90% on completion
337,500€
Property Purchase Expenses
Property price
375,000€
Transfer tax 10%
37,500€
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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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.