Property description
Discover a rare gem in the heart of Estepona’s enchanting old town. This well-maintained ground-floor apartment is located on Calle Barranca 17, just 200 meters from the vibrant Plaza de las Flores and surrounded by the best the town has to offer.
Built in 2008, the property comes with a licencia de primera ocupación (first occupancy license) and features a coveted underground parking space in Calle Veracruz—an invaluable asset in this charming but parking-limited area.
With an unbeatable location, the apartment offers the perfect base for exploring Estepona’s iconic old town, while the beach is just a short stroll away. Malaga Airport is conveniently located approximately 80 km from the property.
Property Highlights:
• Size: 70.5 sqm of built space, plus a 3 sqm private patio.
• Bedrooms: Two spacious bedrooms with built-in closets, each accommodating a double bed.
• Bathroom: One well-appointed bathroom.
• Living Space: Open-plan kitchen, dining, and living area, ideal for modern living.
• Comfort: Central air conditioning system for year-round climate control.
Location Benefits:
The surrounding area boasts a wide array of excellent restaurants, ensuring you’ll always find something to suit your taste. The apartment’s central position makes it a dream for those seeking a vibrant yet convenient lifestyle, with the old town’s charm and the beach’s relaxation just steps away.
This is a truly one-of-a-kind opportunity to own a beautiful apartment in Estepona’s old town, complete with the rare advantage of private parking. Don’t miss out on this exceptional property!
Annual community fee parking: 177,17 Euro
Tax information
Annual IBI Apartment 2024: 299,18 Euro
Annual IBI parking 2024: 46,21 Euro
Basura 2024: 95,06 Euro
Valor Catastral Apartment 2024: 45 193,14 Euro
Valor de Referencia Apartment 2024: 139 788,18 Euro
Valor Catastral Parking 2024: 6 979,84 Euro
Valor de Referencia Parking 2024: N/A
Annual nonresident tax (EU/EES)
Valor Catastral (Tax base 2 %)
Annual nonresident income tax 19 % EU
171,73 €
26,52 €
Referencia Catastral Apartment: 7736227UF0373N0002QM
Referencia Catastral Parking: 7736111UF0373N0150ID
Documents for due diligence regarding the purchase and sale of Calle Barranca 17 29680 Estepona.
Legal data.
1. Nota simple Apartment and parking.
2. Licencia de primera ocupacion
3. CERTIFICACIÓN CATASTRAL Apartment
4. CERTIFICACIÓN CATASTRAL Parking
5. Escritura
6. Pass / NIE
7. Power of attorney
Tax information.
8. IBI Apartment 2024
9. IBI Parking 2024
10. Basura 2024
11. Plus Valia Estimate
12. Certificado de Valor de referencia Apartment
13. Certificado de Valor de referencia Parking
14. Modelo 211 previus ovner.
15. Plus Valia Previous Owner Apartment.
16. Plus Valia Previous owner Apartment.
17. Energy certificate
Utilities.
18. Electricity
19. Hidralia
20. Olin Fiber
Community of owners
21. URB Parking
22. URB Certificate
23. Polizia Seguro Comunidad Barranca
Sales process.
1. When a buyer has the intention to purchase the property, the buyer and the seller will sign a reservation contract. Then buyer pays a reservation fee of 6 000 euros to the representative’s client account, or to the real estate agent. When the reservation contract is signed the seller provides the buyer with the above-mentioned documents which is necessary for due diligence.
2. When the due diligence process is finalized and the parties have reached the final agreement, the seller and the buyer sign a private contract which specifies the terms and conditions which the parties have agreed on. The buyer pays 10 % of the purchase price minus the reservation fee to the client account.
3. Traditionally the buyer’s legal representative arranges an appointment for signing the public deeds at the Notary and prepares the new public deeds together with the seller’s representatives. The normal payment method is payment by bank check when signing the deeds.
4. The buyer will pay all the administration cost for the change of ownership, except the local Plus Valia tax, which is paid by the seller. If the seller is non-resident in Spain the Plus Valia tax will be deducted from the purchase price and the payment will be administrated by the buyer.
5. Withholding of 3 % non-resident tax of the purchase price. If the seller is non-resident in Spain the 3 % non-resident tax will be deducted from the purchase price and the payment will be administrated by the buyer. When the seller declares the profit or loss from the sale, the 3 % non-resident tax will be deducted from the final capital gains tax. If the 3 % withholding tax is higher than the final capital gains tax Agencia Tributaria will repay the surplus to the seller. If the 3 % withholding tax is less than the final capital gains tax the seller has to make an additional payment to Agencia Tributaria of the difference.
6. The fees to the real estate agent will normally be deducted from the purchase price and the invoice will be paid by the buyer’s legal representative. There will normally be a notation of this in the deeds.
7. Each party pays their own legal costs.
8. Normally the parties agree on a prorata regulation of prepaid cost such as IBI etc.
9. The buyer will have 2 weeks to change the utility contracts.
10. The seller has to cancel home insurance, internet etc, unless the parties have agreed otherwise.
11. Finally the buyer will arrange the change of ownership in the land register.
12. The seller is obligated to provide a valid energy certificate for the property.
Notations in the land registry.
It is not unusual that notations appear in the land register. The notations are specified in the Nota simple and the most common is mortgages. It highly recommended that the seller takes necessary actions to clear all notations such as previous mortgages, embargos, VPO or other limitations that might appear and can be removed. A current mortgage will normally be repaid when the transaction is finalized at the Notary and cleared from the land registry.
Spanish Civil code 1454
“If earnest money or a deposit has been provided in a contract of sale and purchase, the contract may be rescinded by the purchaser by agreeing to forfeit the earnest money or deposit, or the seller by refunding double the amount”.
Payments.
Price 347 000,00 €
Reservation fee 6 000,00 €
Upfront payment 10 % 32 400,00 € (-6 000,00 € 26 400,00 €)
Retention non-resident tax 3 % 9 730,00 €
Retention Plus Valia (Estimated) 1000,00 €
Final Payment 280 880,00 €
The buyer.
If the buyer is non-resident in Spain, he must apply for a Spanish tax identification number “NIE”. This could be done by his representative if the buyer has signed a power of attorney.
It is highly recommended that the buyer applies for a digital certificate for electronic identification, this will simplify communications with the Spanish tax administration.
If the buyer is non-resident in Spain, its recommended that he opens a Spanish bank account for automatic payment of utility services and taxes.
Transaction cost buyer.
Price 347 000,00 €
Transfer tax 7 % 22 680,00 €
Notary fee (estimated) 900,00 €
Land registry (estimated) 800,00 €
Legal administration (estimated) 3 000,00 €
Transaction cost 27 380,00 €
Total cost 351 380,00 €
Transaction cost % of purchase price 8,45 %
Transfer tax.
Currently the transfer tax on real estate I Andalucia “Impuesto sobre Transacciones Patrimoniales (ITP)” is 7 % of the highest of the purchase price or the “valor de referencia.”
The seller.
The seller is subject to 3 % non-resident withholding tax which is deducted from the sales price. And the buyer has to administer the payment of the local Plus Valia Tax.
Detail
Features
