New-Build Ground-Floor Bungalow in Cancelada, Estepona
Cancelada Nueva Milla De Oro, Estepona · Malaga
3 Bed3 Bath254 m²Energy: G
Description
At 254 m2, this new-build ground-floor bungalow in Cancelada (Nueva Milla De Oro) is one of the larger single-storey homes currently available in this part of Estepona. The property has 3 bedrooms and 3 bathrooms, with the ground-floor position providing direct access to the outdoor areas. The build is new, and the energy rating is G, which is typical of newly completed developments in Andalusia pending final certification.Cancelada (Nueva Milla De Oro) sits within a stretch of coastline between Estepona town centre and San Pedro de Alcántara. The neighbourhood has its own local shops, bars, and the Cancelada Sunday market. Málaga Airport is approximately 20 minutes by car via the AP-7 motorway, making the area a practical base for frequent travellers. Several golf courses lie within a short drive, and the beaches along the N-340 are also close by.At EUR 1,018,000, the price per m2 works out at approximately EUR 4,008. This is a new build in Andalusia, so the applicable purchase tax is IVA at 10% rather than ITP. Community fees are currently listed at EUR 0, which may reflect a pre-handover figure, and buyers should confirm the anticipated fee with the developer. IBI has not yet been assessed. The Costa del Sol location and short airport transfer make this type of property attractive to both owner-occupiers and holiday-let investors.
Features
- New build
- Ground floor
- 3 bedrooms
- 3 bathrooms
- 254 m2 build size
- Air conditioning
- Communal pool
- Gated development
- Parking included
- Energy rating G
- 20 minutes to Málaga Airport
Property Details
| Property Type | Bungalow |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Built Area | 254 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 84697510-01 |
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 estimated purchase costs on top of the asking price?
As a new build in Andalusia, this property is subject to IVA at 10% (EUR 101,800) rather than transfer tax (ITP). Additional costs include notary fees of approximately EUR 600–1,200, land registry fees of EUR 400–800, and legal fees of around 1% of the purchase price plus VAT (approximately EUR 10,180 plus VAT). Total additional costs are typically 12–14% of the purchase price.
Can non-residents obtain a mortgage on this property?
Yes. Spanish banks generally offer non-resident buyers mortgages of up to 60–70% of the purchase price or valuation, whichever is lower. On a price of EUR 1,018,000, a deposit of between 30% and 40% (EUR 305,400–407,200) would typically be required. Variable and fixed mortgage rates in Spain currently range from approximately 3.5% to 4.5%. We can introduce you to independent mortgage brokers with experience in cross-border applications.
What are the ongoing running costs for this property?
Community fees are currently recorded as EUR 0; buyers should seek confirmation from the developer of the anticipated annual charge once the development is handed over. The annual IBI (council tax) has not yet been assessed for this property. Basura (refuse collection) charges have not been provided but are typically a modest annual sum set by the local council.
Can I arrange a viewing remotely before travelling to Spain?
Yes. We offer video viewings via WhatsApp or video call for buyers who cannot visit in person straight away. We can also carry out a walk-through on your behalf and answer specific questions about the development, the plot, and the specification. In-person viewings of the show home or completed units can be arranged with advance notice.
What is the rental potential in this area?
Cancelada (Nueva Milla De Oro) is within the Costa del Sol tourist zone, and properties of this size are in demand for weekly and fortnightly holiday lets, particularly from April to October. Ground-floor bungalows with direct outdoor access tend to appeal to families. A tourist rental licence (Vivienda con Fines Turísticos) is required in Andalusia; we can advise on the application process. We do not quote yield figures as these depend on management costs, occupancy rates, and personal tax circumstances.
What steps are involved in buying this property?
You will first need a Spanish NIE number (tax identification number for foreigners), obtainable via a Spanish consulate or in person in Spain. Once terms are agreed, a reservation contract and holding deposit (typically EUR 3,000–6,000) take the property off the market. A private purchase contract (arras) follows, at which point 10% of the price is paid. The remaining balance is settled before a notary at completion, after which the sale is registered with the land registry. On a new build, the full process from reservation to completion typically takes several months depending on the construction stage.
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
- bungalow
- Bedrooms
- 3
- Bathrooms
- 3
- Build Size
- 254 m²
- Energy Rating
- G
