First-Floor 2-Bedroom New-Build Apartment, Cancelada, Estepona
Cancelada Nueva Milla De Oro, Estepona · Malaga
2 Bed2 Bath127 m²Energy: G
Description
This 126 m2 new-build apartment sits on the first floor of a contemporary development in Cancelada (Nueva Milla de Oro), Estepona, and includes an underground parking space. The apartment has 2 bedrooms, 2 bathrooms, built-in wardrobes, air conditioning, and double glazing throughout. The open-plan layout connects the living and dining area to a fitted kitchen, making efficient use of the 126 m2 of internal space. Málaga Airport is approximately 20 minutes away by car.Cancelada (Nueva Milla de Oro) occupies a coastal stretch between Estepona town and Puerto Banús, roughly midway along the western Costa del Sol. The neighbourhood sits close to the N-340 coastal road, giving straightforward access to Estepona's Old Town market square and to the golf courses concentrated along this section of the coast. Cancelada itself has a small commercial strip with daily conveniences, and the seafront promenade is within easy reach of the development.This is a new-build property, so IBI and community fees are not yet confirmed in the listing record. The energy certificate is rated G. The development includes communal gardens and a communal pool maintained for residents. As a new-build apartment in Cancelada, the area attracts both owner-occupiers and buyers considering the coastal rental market along this corridor between Estepona and Marbella.
Features
- New build
- First floor
- 2 bedrooms
- 2 bathrooms
- 126 m2 build size
- Air conditioning
- Double glazing
- Built-in wardrobes
- Communal pool
- Communal gardens
- Underground parking
- Lift
- Energy rating G
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 127 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 65072823-01 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
✈️
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 purchase costs should I budget for on top of the asking price?
As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2% of the purchase price. ITP does not apply. You should also allow for notary fees (typically EUR 600–1,200), land registry fees (typically EUR 400–800), and legal fees (typically around 1% of the purchase price plus VAT). Both IVA and AJD are set by the autonomous region of Andalucía. Reduced rates and local allowances may apply if you meet the region's conditions — for example, age, large-family or disability status, or buying a primary residence — so this is worth checking before you finalise your budget.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers in Spain typically need a deposit of 30–40% of the purchase price, as Spanish lenders generally finance up to 60–70% for non-residents. Current indicative mortgage rates in Spain range from approximately 3.5% to 4.5%, though the rate you are offered will depend on your financial profile, the lender, and whether you choose a fixed or variable product. We can put you in touch with independent mortgage brokers who specialise in Spanish property finance.
What are the ongoing running costs for this apartment?
As this is a new-build development, the annual IBI (local property tax) and community fees have not yet been confirmed in the listing record. Please ask the agent for the latest figures from the developer. There will also be an annual basura (refuse collection) charge set by Estepona town hall. Utility contracts for electricity and water will need to be established on completion.
Can I view the apartment remotely before travelling to Spain?
Yes. We offer video viewings by video call, allowing you to see the apartment, the communal areas, and the surrounding development in Cancelada before committing to a trip. Contact us to arrange a convenient time. In-person viewings are also available and recommended before exchange.
Does this apartment have rental potential?
Cancelada (Nueva Milla de Oro) sits within a section of the Costa del Sol that has consistent tourist and medium-term rental demand, positioned between Estepona and Puerto Banús. New-build apartments in this corridor are regularly let on both short and longer-term arrangements. You will need a tourist licence from the Junta de Andalucía to operate short-term holiday rentals legally, and a local property manager is advisable if you are not based in Spain. We are happy to connect you with local rental management contacts.
What does the purchase process look like in Spain?
You will first need a Spanish NIE (Número de Identificación de Extranjero), which is required for any property transaction. The process typically begins with a reservation agreement and a holding deposit to take the property off the market, followed by a private purchase contract (known as arras or contrato de compraventa) at which a further deposit — usually around 10% of the purchase price — is paid. The balance is settled at the notary on the date of completion, when the title deed (escritura) is signed and ownership transfers. We recommend appointing an independent Spanish solicitor to handle due diligence throughout.
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Key Details
- Type
- apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 127 m²
- Energy Rating
- G
