New Build 3-Bedroom Apartment in Algorfa
Centro, Algorfa · Alicante
3 Bed2 Bath120 m²450 m² plotBuilt 2024Energy: G
Description
This new build apartment in Algorfa comes with a 450 m2 private plot, a feature rarely found at this price point. The property has 3 bedrooms, 2 bathrooms, and was completed in 2024. The gated development includes both a communal pool and private pool, along with covered parking and a private garden. Algorfa sits in the heart of the Vega Baja region, roughly 30 km south of Alicante city. The town has a traditional Spanish character with a weekly market, local restaurants, and essential services along its main street. Several golf courses lie within a short drive, including La Marquesa Golf and Vistabella Golf. The beaches of Guardamar del Segura are about 20 minutes away by car. At EUR 519,000 for a new build with private pool and plot, this Algorfa apartment sits in the upper range for the area. The property carries an energy rating of G. Alicante-Elche airport is approximately 35 minutes by car, making the location accessible for international buyers. The community includes 24-hour security and a solarium area on the roof.
Features
- Private pool
- Communal pool
- Private garden
- Garden
- Solarium
- Parking
- Near golf
- Security
- Gated community
Property Details
| Property Type | Apartment |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 120 m² |
| Plot Size | 450 m² |
| Floor | 0 |
| Year Built | 2024 |
| Energy Certificate | G |
| Reference | 87280981-02 |
Distances & Nearby
- beach
- 20 min drive (Guardamar del Segura)
- supermarket
- 5 min drive (Algorfa centre)
- airport
- 35 min (Alicante-Elche ALC)
- golf
- 10 min drive (La Marquesa Golf)
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Location
Centro, Algorfa · 38.0573, -0.8032
About Centro, Algorfa
Algorfa is one of the most popular destinations on Spain's Costa Blanca for international property buyers. With over 300 days of sunshine per year, excellent healthcare facilities, and a large expat community, the area offers an outstanding quality of life.
Frequently Asked Questions
What are the purchase costs for this EUR 519,000 apartment in Algorfa?
As a new build, you pay 10% IVA (EUR 51,900) instead of transfer tax. Add notary fees around EUR 900, land registry around EUR 600, and legal fees at 1% plus VAT (approximately EUR 6,280). Total purchase costs come to roughly EUR 59,680 on top of the sale price.
What mortgage deposit do non-residents need for this property?
Non-resident buyers typically need a 30-40% deposit. For this EUR 519,000 apartment, that means EUR 155,700 to EUR 207,600 upfront. Spanish banks currently offer variable rates between 3.5% and 4.5% for non-resident mortgages.
What are the annual running costs for this Algorfa apartment?
Estimated annual IBI (council tax) for apartments in Algorfa is typically EUR 300-500. Community fees are not yet confirmed for this new development. You should also budget for home insurance (EUR 200-400 per year) and utilities. Contact us for exact figures once the community is fully established.
How can I arrange a viewing of this property?
Contact our agent Aino-Kaisa Lonka to book an in-person viewing. We also offer video viewings if you cannot travel to Algorfa immediately. Viewings can usually be arranged within 48 hours of your request.
Is there rental demand in Algorfa?
Algorfa attracts a steady flow of long-term tenants, particularly Scandinavian and British expats drawn to the affordable inland lifestyle and proximity to golf courses. Short-term holiday rental demand is lower than on the coast, but the town's growing international community supports long-term lets.
What is the buying process for property in Algorfa?
You first need a NIE (tax identification number for foreigners). Next, you sign a reservation contract with a deposit to take the property off the market. An arras contract follows, typically with 10% of the price. Your lawyer conducts due diligence checks, and completion takes place at a notary where the title deed is signed and registered.
Maya Kallio💚
The Heart of Our Operations
Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
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Key Details
- Type
- apartment
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 120 m²
- Plot Size
- 450 m²
- Energy Rating
- G
