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Ref: 428-04915D
Property marketed by Selection Med

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A villa/finca with great renovation potential is offered for sale in the El Velerín urbanization, located in the prestigious New Golden Mile area of Estepona. The property enjoys an excellent location, directly opposite the exclusive Emare complex and next to the Hospiten hospital, just a few steps from the beach and the Estepona promenade.
Built in 1990, the main house features a living room with an integrated kitchen, two bedrooms, and two bathrooms. Additionally, on the same plot, there is a separate house with three bedrooms and one bathroom, offering multiple possibilities for large families, guests, or even vacation rentals. The total built area is 139 m² on a 748 m² plot, with 35 m² of covered terraces and a private pool.
With south-facing orientation, the property enjoys natural light throughout the day. It currently requires renovation, representing an excellent opportunity to customize it according to your preferences or as an investment project.
Built in 1990, the main house features a living room with an integrated kitchen, two bedrooms, and two bathrooms. Additionally, on the same plot, there is a separate house with three bedrooms and one bathroom, offering multiple possibilities for large families, guests, or even vacation rentals. The total built area is 139 m² on a 748 m² plot, with 35 m² of covered terraces and a private pool.
With south-facing orientation, the property enjoys natural light throughout the day. It currently requires renovation, representing an excellent opportunity to customize it according to your preferences or as an investment project.
Property Features
- 5 bedrooms
- 3 bathrooms
- 139m² Build size
- 748m² Plot size
- 35 m² terrace
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
65,900€
Final Payment of 90% on completion
620,100€
Property Purchase Expenses
Property price
689,000€
Transfer tax 10%
68,900€
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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