Second-Floor 3-Bedroom New-Build Apartment, Cancelada, Estepona
Cancelada Nueva Milla De Oro, Estepona · Malaga
2 Bed2 Bath127 m²Energy: G
Description
This 164 m2 new-build apartment occupies the second floor of a 29-unit development in Cancelada, within the Nueva Milla de Oro corridor of Estepona. The three bedrooms all include built-in wardrobes, and the two bathrooms are finished with contemporary fittings. Underfloor heating runs throughout, and a home automation system with video intercom is installed as standard. A private garage space is included in the sale, and a lift serves all floors.Cancelada sits along the Nueva Milla de Oro strip, the stretch of coastline between Estepona town centre and Puerto Banús. The beach is approximately 2 km from the development, and the N-340 coastal road gives straightforward access to Estepona's Old Town, Playa de la Rada, and the weekly market on Calle Caridad. Málaga Airport is 20 minutes by car.The development comprises 29 homes set within communal gardens. Residents have access to a communal pool and a communal gym. Community fees are currently recorded as nil, though buyers should confirm the final figure with the developer before exchange. IBI has not yet been assessed for this new-build property. The energy rating is G.
Features
- New build
- Sea views
- Private terrace
- Underfloor heating
- Home automation system
- Video intercom
- Built-in wardrobes
- Air conditioning
- Private garage
- Lift
- Communal pool
- Communal gym
- Communal gardens
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 127 m² |
| Floor | 1 |
| Energy Certificate | G |
| Reference | 65072823-02 |
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 purchase costs should I budget for beyond 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. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (typically EUR 400–800), and independent legal representation at roughly 1% of the purchase price plus VAT. Reduced rates and local allowances may apply if you meet Andalucía's conditions — for example, age, large-family or disability status, or buying a primary residence — and are worth checking before you finalise your budget.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers in Spain can typically borrow up to 60–70% of the purchase price, meaning a deposit of 30–40% is generally required. Current variable and fixed mortgage rates in Spain range from approximately 3.5% to 4.5%, though your own rate will depend on your financial profile and the lender. We can refer you to an independent mortgage broker familiar with cross-border applications.
What are the ongoing running costs?
Community fees are currently recorded as nil for this development; buyers should verify the final figure with the developer before completion. IBI (council tax) has not yet been assessed, as the property is a new build. There is no basura (refuse collection charge) figure available at this time. We recommend requesting the developer's projected fee schedule as part of your due diligence.
Can I view the property remotely before travelling to Spain?
Yes. We offer video viewings via WhatsApp or video call for buyers who cannot travel immediately. For new-build developments we can also share show-unit footage and construction-progress updates. In-person viewings can be arranged any day of the week with advance notice.
Is this apartment suitable as a rental investment?
Cancelada and the Nueva Milla de Oro area attract both short-term holiday lets and longer residential tenancies, given its position between Estepona and Marbella. Andalucía requires a tourist licence (Vivienda con Fines Turísticos) for short-term holiday rentals; the development's community rules may also restrict or permit this use. We recommend confirming licence eligibility with a local lawyer before purchase if rental income is part of your plan.
What does the purchase process involve?
First, you will need an NIE (Número de Identificación de Extranjero), the Spanish tax identification number required for all property transactions. Once you have agreed terms, a reservation deposit secures the unit and takes it off the market. This is followed by a private purchase contract (arras or contrato de compraventa) and stage payments as construction progresses. The final balance is paid at the notary on completion, when the title deed (escritura) is signed and ownership is formally transferred. A Spanish conveyancing solicitor is strongly recommended throughout.
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
- apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 127 m²
- Energy Rating
- G
