New Build 2-Bedroom Penthouse in Altozano, Alicante
Altozano, Alicante · Alicante
2 Bed2 Bath75 m²Energy: G
Description
A 2-bedroom penthouse in the Altozano area of Alicante, listed at EUR 289,900 for 75 m2. The interior includes built-in wardrobes. Altozano is a residential area within Alicante. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 289,900 works out to EUR 3,865 per square metre. The energy rating is G. A storage room comes with the property. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax.
Features
- Near beach
- Terrace
- Lift
- Storage room
- Alarm system
- Security
- Built-in wardrobes
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 75 m² |
| Floor | 4 |
| Energy Certificate | G |
| Reference | 20061844-03 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
Altozano, Alicante · 38.3593, -0.4827
About Altozano, Alicante
Altozano is a residential neighbourhood on the elevated western side of Alicante city, valued for its quieter streets and panoramic views over the surrounding landscape. The area provides good access to the city centre, local schools and healthcare facilities, while sitting just minutes from the coast. It appeals particularly to buyers seeking a permanent home with an urban feel yet within easy reach of the beach.
Frequently Asked Questions
What fees should I budget for?
For this new build at EUR 289,900, you will pay 10% IVA (EUR 28,990), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 3,508. Total estimated costs come to approximately EUR 38,397.
What mortgage options exist?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 289,900, a 60% mortgage would be EUR 173,940, requiring a deposit of EUR 115,960. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 918. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What ongoing costs should I expect?
Annual running costs for this penthouse include: IBI property tax is estimated at EUR 350-600 per year; community fees are typically EUR 40-100 per month for apartments in Alicante; home insurance runs EUR 200-400 annually; utility bills (electricity, water, internet) average EUR 150-250 per month. Non-resident owners also pay annual income tax (IRNR) on a deemed rental value, typically EUR 300-600 per year for a property at this price level.
How do I see this property?
Contact Aino-Kaisa Lonka to arrange an in-person viewing of this penthouse in Altozano. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Can I rent this property out?
Alicante is primarily a residential area. Long-term rentals are more common than holiday lets. A 2-bedroom penthouse could appeal to long-term tenants, especially retirees or workers. Rental income is subject to Spanish tax for non-residents. Consult a local agent for current demand levels.
What steps are involved in buying?
To buy in Spain, you first need an NIE (tax identification number for foreigners). The purchase begins with a reservation deposit, followed by a private contract (contrato de arras) with 10% down payment. A Spanish lawyer should review the property title, check for debts, and verify planning permissions. The sale completes at a notary office where the deed is signed and registered. Budget 6-10 weeks for the full process.
Maya Kallio💚
The Heart of Our Operations
Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
WhatsAppEnquire About This PropertySchedule a CallLanguages:EnglishFinnishSwedishSpanish
View LinkedIn ProfileQuick Enquiry
Interested in this property? Send us a message.
By submitting, you agree to our privacy policy.
Key Details
- Type
- penthouse
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 75 m²
- Energy Rating
- G