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New-Build 3-Bed Villa on 214m2 Plot, Algorfa, Alicante

Centro, Algorfa · Alicante

3 Bed2 Bath98 m²214 m² plotEnergy: G

Description

Priced at EUR 420,000, this new-build villa in Algorfa sits on a 214m2 plot and delivers 98m2 of built space across 3 bedrooms and 2 bathrooms. The price per m2 of built area works out at approximately EUR 4,286. As a new-build property, it carries a 10-year structural guarantee under Spanish law. The energy rating is G, which is standard for new detached builds in this area pending final certification.Algorfa is a small inland municipality in the Vega Baja del Segura comarca, roughly 35 minutes by car from Alicante-Elche Airport. The town centre sits within a short drive of the property and has a local market, everyday shops, and bars along Calle Mayor. La Marquesa Golf, one of the most established courses in the province, is located within the Algorfa municipal boundary. The CV-905 connects the area directly to the coast and to Rojales, around 10 minutes away.Running costs are low: there are no community fees for this property. The annual IBI figure is not yet confirmed and should be verified with the local Ayuntamiento of Algorfa before exchange. As a new-build sold by a developer, VAT of 10% applies in place of transfer tax, adding EUR 42,000 to the purchase price. Notary fees typically run to EUR 600-1,200 and land registry to EUR 400-800, with legal fees around 1% plus VAT of the purchase price.The 214m2 plot provides usable outdoor space for a garden and, subject to planning, a private pool. The ground-floor layout suits single-level living and direct access to the plot from the main living areas.

Features

  • New build
  • 3 bedrooms
  • 2 bathrooms
  • 98m2 build
  • 214m2 plot
  • Ground floor
  • Private garden
  • No community fees
  • 35 minutes from Alicante-Elche Airport
  • Close to La Marquesa Golf Course

Property Details

Property TypeVilla
Bedrooms3
Bathrooms2
Built Area98 m²
Plot Size214 m²
Floor0
Energy CertificateG
Reference98929351-06

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, you pay IVA (VAT) at 10% rather than transfer tax, which adds EUR 42,000. Notary fees are typically EUR 600-1,200, land registry EUR 400-800, and independent legal fees around 1% plus VAT of the purchase price (approximately EUR 4,200 plus VAT). Budget for total purchase costs of roughly 12-13% on top of the asking price.
Can I get a mortgage as a non-resident buyer?
Spanish banks generally lend up to 60-70% of the purchase price to non-residents, so you would need a deposit of 30-40%, which on EUR 420,000 means approximately EUR 126,000-168,000. Current variable and fixed mortgage rates from Spanish lenders are in the 3.5-4.5% range. We can introduce you to independent mortgage brokers with experience in non-resident applications.
What are the ongoing running costs for this villa?
There are no community fees for this property. The annual IBI (council tax) figure has not yet been confirmed by the Ayuntamiento of Algorfa and should be established before exchange. There will also be an annual basura (refuse collection) charge, the amount of which should be confirmed with the local authority.
Can I view the property remotely before travelling to Spain?
Yes. We offer video viewings by appointment, during which an agent can walk through the property and plot in real time and answer questions. This is useful for buyers who want to shortlist before committing to travel. In-person viewings in Algorfa can be arranged seven days a week.
Is this villa suitable as a rental investment?
Algorfa sits within the Vega Baja del Segura area, which attracts year-round visitors due to its proximity to the coast and La Marquesa Golf course. Short-term holiday lets require a tourist licence from the Generalitat Valenciana. We recommend confirming the rental licence availability for this specific plot with a local lawyer before purchase.
How does the buying process work in Spain?
First, you will need an NIE (Número de Identificación de Extranjero), which is your Spanish tax identification number and is required for all property transactions. Once you agree a price, a reservation fee is paid to take the property off the market. This is followed by a private purchase contract (contrato de arras), where typically 10% of the price is paid. The balance is settled at the notary on completion, when ownership transfers and keys are handed over. The full process usually takes 4-12 weeks from reservation.

Price

€420,000€4,286/m²

Ref: 98929351-06

Maya Kallio
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
villa
Bedrooms
3
Bathrooms
2
Build Size
98
Plot Size
214
Energy Rating
G