New-Build 2-Bedroom Apartment in Cancelada, Estepona
Cancelada Nueva Milla De Oro, Estepona · Malaga
2 Bed2 Bath126 m²Energy: G
Description
This first-floor new-build apartment in Cancelada (Nueva Milla de Oro), Estepona, offers 126 m2 of interior space across 2 bedrooms and 2 bathrooms. Priced at EUR 500,000, it sits within a development with lift access and represents one of the larger 2-bedroom layouts available in this part of the Costa del Sol. The building is a new-build, meaning VAT at 10% applies rather than transfer tax.Cancelada sits within the stretch of coastline known as the Nueva Milla de Oro, between Estepona town centre and San Pedro de Alcántara. The area is served by the N-340 coastal road and sits close to several golf courses. Estepona's old town, with its pedestrianised centre and weekly market on Avenida de España, is within a short drive, and Málaga AGP airport is approximately 20 minutes away by car.At EUR 500,000 for 126 m2, the price per m2 works out at approximately EUR 3,968. Community fees are currently listed at EUR 0, though buyers should confirm service charge details directly with the developer. IBI has not yet been assigned, which is typical for new-build properties. The energy rating is G. Cancelada attracts both owner-occupiers and buyers seeking tourist rental income, given its coastal position and airport proximity.
Features
- New build
- Lift
- 2 bedrooms
- 2 bathrooms
- 126 m2 build size
- First floor
- Air conditioning
- Double glazing
- Built-in wardrobes
- Communal pool
- Communal gardens
- Underground parking
- Energy rating G
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 126 m² |
| Floor | 1 |
| Energy Certificate | G |
| Reference | 65072823-01 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Cancelada Nueva Milla De Oro, Estepona · 36.4669, -5.0593
About Cancelada Nueva Milla De Oro, Estepona
Estepona 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 500,000 asking price?
As a new-build, this apartment is subject to IVA (VAT) at 10%, which amounts to EUR 50,000. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (EUR 400–800), and legal fees of approximately 1% of the purchase price plus VAT, so roughly EUR 5,000–6,050. In total, budget for around EUR 56,000–58,000 on top of the purchase price.
Can non-residents get a mortgage on this property?
Yes. Spanish lenders will typically offer non-residents up to 60–70% loan-to-value on a property at this price point, meaning a deposit of 30–40% (EUR 150,000–200,000) would be required. Current variable and fixed mortgage rates in Spain range from approximately 3.5% to 4.5%. A formal mortgage offer will depend on your income, credit profile, and the lender's valuation of the property.
What are the ongoing running costs?
Community fees are currently listed at EUR 0 per year; buyers should confirm the full service charge schedule with the developer before exchange. IBI (annual council tax) has not yet been set, as is standard for a new-build that has not yet received its final cadastral valuation. Your legal adviser can request an estimated figure from the local Ayuntamiento.
Can I view this apartment before travelling to Spain?
Yes. We offer video viewings via WhatsApp, Zoom, or FaceTime for buyers who cannot travel immediately. We can walk through the development show unit or available unit live on camera, answer questions in real time, and share additional floor plans or specification sheets. Contact us to arrange a time that suits you.
What is the rental potential in Cancelada?
Cancelada falls within the Nueva Milla de Oro coastal strip, which has established demand for short-term holiday lets due to its proximity to beaches, golf courses, and Málaga Airport (approximately 20 minutes). Andalusia requires landlords to register properties with the Junta de Andalucía and obtain a tourist rental licence before letting. We recommend speaking to a local property manager for current occupancy data and achievable nightly rates for a 2-bedroom apartment in this area.
What steps are involved in buying this property?
First, you will need a Spanish NIE (tax identification number), which your solicitor can obtain on your behalf. Once you have agreed the price, a reservation contract is signed and a deposit (typically EUR 3,000–6,000) is paid to take the property off the market. This is followed by a private purchase contract (contrato de arras), where a further deposit of around 10% is paid. The transaction is completed at a Spanish notary, where the balance is paid and the title deed (escritura) is signed and registered.
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Key Details
- Type
- apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 126 m²
- Energy Rating
- G
