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New-Build 3-Bed Villa, Comunidad Valenciana, Algorfa

Centro, Algorfa · Alicante

3 Bed2 Bath98 m²295 m² plotEnergy: G

Description

On a 295 m2 plot in Algorfa, this new-build villa delivers 98 m2 of built space across 3 bedrooms and 2 bathrooms. Priced at EUR 420,000, it represents a price per m2 of approximately EUR 4,286 on the build area. As a new-build in the Valencia region, VAT of 10% applies in place of transfer tax. The energy rating is G, which is standard for many new-build projects at this stage of certification.Algorfa is a small inland municipality in the province of Alicante, roughly 35 minutes by car from Alicante-Elche Airport (ALC). The town sits close to the La Finca Golf Resort, one of the most established golf complexes in the southern Costa Blanca, and is within easy reach of the commercial centres along the CV-95 corridor. Algorfa itself has a local market, a handful of bars and restaurants around the central plaza, and everyday amenities within the municipality. The area attracts buyers looking for space and quiet within a reasonable distance of the coast.Community fees for this property are EUR 0 per year. IBI and basura figures are not yet confirmed and should be requested from the agent prior to any offer. At EUR 420,000 and 98 m2 of build, the cost per m2 sits at EUR 4,286. Purchase costs on a new-build in Alicante province include IVA at 10% (EUR 42,000), notary fees of approximately EUR 600 to EUR 1,200, land registry fees of approximately EUR 400 to EUR 800, and legal fees of around 1% plus VAT.The 295 m2 plot provides space for a garden and outdoor area, the full configuration of which should be confirmed with the developer. No terrace figure has been provided, so buyers should request the full floor plan and specification sheet to understand the exact outdoor layout before proceeding.

Features

  • New build
  • 3 bedrooms
  • 2 bathrooms
  • Private plot (295 m2)
  • Ground floor
  • Private garden
  • Parking on plot
  • No community fees
  • 35 minutes from Alicante-Elche Airport
  • Close to La Finca Golf Resort

Property Details

Property TypeVilla
Bedrooms3
Bathrooms2
Built Area98 m²
Plot Size295 m²
Floor0
Energy CertificateG
Reference98929351-04

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

Centro, Algorfa · 38.0664, -0.7860


About Centro, Algorfa

Algorfa is one of the most popular destinations on Spain's Costa Blanca.


Frequently Asked Questions

What are the purchase costs on top of the EUR 420,000 asking price?
As this is a new-build property in Alicante province, IVA (VAT) of 10% applies rather than transfer tax, adding EUR 42,000. On top of that, budget approximately EUR 600 to EUR 1,200 for notary fees, EUR 400 to EUR 800 for land registry fees, and around 1% plus VAT (roughly EUR 5,040) for legal representation. Total additional costs typically come to around 12 to 13% of the purchase price.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers can typically access mortgages from Spanish lenders on properties such as this. Most lenders will finance up to 60 to 70% of the purchase price or valuation for non-residents, meaning a deposit of 30 to 40% is usually required. On EUR 420,000, that equates to EUR 126,000 to EUR 168,000. Variable and fixed mortgage rates currently sit broadly between 3.5% and 4.5%, though terms vary by lender and applicant profile.
What are the ongoing running costs for this villa?
Community fees are EUR 0 per year for this property. Annual IBI (local property tax) and basura (waste collection) figures have not yet been confirmed by the vendor and should be treated as estimated until verified. We recommend requesting these figures from the agent before making an offer. Utility connections and any urbanisation maintenance costs should also be confirmed with the developer.
Can I view this property remotely before travelling to Spain?
Yes. We offer video viewings for buyers who are unable to visit in person, including live video calls where an agent walks through the property and the surrounding area in real time. We can also arrange an in-person viewing at a time that suits you. Contact us to book either option.
Does Algorfa have rental potential for this type of property?
Algorfa and the surrounding La Finca Golf area attract a mix of golf tourism and longer-term residential renters, particularly from northern Europe. Villas in this area are generally more suited to medium to long-term lets rather than short holiday rentals, though tourist licence rules in the Valencia region should be checked with a local solicitor before any rental activity begins. We recommend speaking to a local lettings agent for realistic rental market guidance.
What steps are involved in buying this property?
The process begins with obtaining an NIE (Número de Identificación de Extranjero), the tax identification number required for any property purchase in Spain. Once you have agreed terms, a reservation contract and deposit (typically EUR 3,000 to EUR 6,000) secures the property. This is followed by an arras (private purchase contract) where a further deposit, commonly 10%, is paid and both parties are contractually bound. Completion takes place before a notary, at which point the remaining balance and all associated taxes and fees are settled. Independent legal representation is strongly advised throughout.

Price

€420,000€4,286/m²

Ref: 98929351-04

Maya Kallio
Maya Kallio💚
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Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.

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Key Details

Type
villa
Bedrooms
3
Bathrooms
2
Build Size
98
Plot Size
295
Energy Rating
G