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We present an excellent acquisition opportunity in one of the most established and sought-after residential complexes in the southern area of Tenerife. This one-bedroom apartment combines a strategic location with highly efficient expense management.
Key Points of the Property:
Functional Layout: 50 sqm
Bright Spaces: Living room with integrated open-plan kitchen that connects to a pleasant private terrace, offering unobstructed views of the landscaped areas of the complex.
Comfort and Modernity: 1 independent bedroom and bathroom equipped with a shower tray. Located on the first floor.
Cost Efficiency and Profitability:
Community fee: €103/month.
ADDED VALUE: The community fee includes electricity consumption, which represents a very significant monthly operational saving and makes rental management easier. (Water not included).
High Demand: High occupancy in the area for both long-term residential market and vacation profiles seeking tranquility and proximity to the sea.
Sale Details:
Location: El Drago Residential, Costa del Silencio.
Sale Price: €165,000
A property ready to generate income from day one or as a second residence in a privileged environment.
Property Features
- 1 bedroom
- 1 bathroom
- 50m² Build size
- Swimming Pool
- amueblado
- armarios empotrados
- cocina amueblada
- cocina equipada
- edificio con garaje
- exterior
- luminoso
- piscina comunitaria
- reformado
- terraza
EPC Rating
| Energy Rating Scale |
|---|
| A |
| B |
| C |
| D |
| E |
| F |
| G |
Costing Breakdown
* 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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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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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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