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Ground-Floor 3-Bedroom New-Build Apartment, El Velerín, Estepona

El Velerin, Estepona · Malaga

3 Bed3 Bath233 m²Energy: G

Description

This ground-floor new-build apartment in El Velerín sits within a 36-unit residential complex of two storeys and offers 229 m2 of internal living space across 3 bedrooms and 3 bathrooms. The development includes apartments, ground-floor units and penthouses, giving the complex a varied architectural mix. Air conditioning and built-in wardrobes are fitted throughout, and porcelain-tile flooring is used in all rooms. The private garage space provides secure, covered parking within the complex.El Velerín is a low-density residential area on the western side of Estepona, roughly 3.9 km from the sea. The neighbourhood sits between the N-340 coastal road and the foothills of the Sierra Bermeja, giving it a quieter character than the town centre while remaining within easy reach of Estepona's old town, the Paseo Marítimo and Playa de la Rada. El Velerín benefits from direct road access to Estepona town, where the Plaza de las Flores and the weekly street market are located. Málaga Airport is approximately 20 minutes by car.Community fees are currently zero, and the annual IBI figure is not yet available from the land registry as the development is new-build. The property holds an energy rating of G. As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2%; ITP does not apply. Reduced rates and local allowances may apply if you meet this region's conditions, for example age, large-family or disability status, or buying a primary residence, and this is worth checking before you budget.The ground-floor position provides direct terrace access, and some units within the complex include private gardens. The communal areas comprise landscaped gardens, a communal pool and a residents' gym, all contained within the gated perimeter of the development.

Features

  • Communal pool
  • Lift
  • Air conditioning
  • Built-in wardrobes
  • Private garage
  • Private terrace
  • Communal gym
  • Landscaped communal gardens
  • Porcelain-tile flooring
  • Ground floor

Property Details

Property TypeApartment
Bedrooms3
Bathrooms3
Built Area233 m²
Floor0 / 2
Energy CertificateG
Reference57793934-01

Distances & Nearby

✈️
airport
20 min (Málaga AGP)

Location

El Velerin, Estepona · 36.4609, -5.0867


About El Velerin, Estepona

Estepona is one of the most popular destinations on Spain's Costa Blanca.


Frequently Asked Questions

What purchase taxes and costs apply to this property?
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. Both rates are set by the Autonomous Community of Andalucía. On top of taxes, allow roughly EUR 600–1,200 for notary fees, EUR 400–800 for land registry fees, and around 1% plus VAT for legal representation. Reduced rates and local allowances may apply if you meet Andalucía's conditions — for example age, large-family or disability status, or buying as a primary residence — and it is worth confirming this with your lawyer before you finalise your budget.
Can non-residents obtain a mortgage to buy this property?
Spanish lenders typically offer non-residents 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 sit broadly in the 3.5–4.5% range, though the exact rate will depend on your lender, your financial profile and the loan term. Your solicitor or an independent mortgage broker can arrange quotes from multiple Spanish banks.
What are the ongoing running costs?
Community fees are currently zero. The annual IBI (council tax) figure is not yet registered, as the development is new-build; your solicitor will be able to confirm the IBI once the catastral reference is issued. There is no basura (rubbish collection) charge confirmed in the listing data at this stage.
Can I arrange a viewing remotely?
Yes. OceanHome can organise an accompanied in-person visit or a live video viewing, depending on your availability. To book either option, contact the office directly quoting reference 57793934-01.
Does this property have rental potential?
El Velerín and the wider Estepona area attract consistent year-round demand from both short-term holiday visitors and longer-term tenants. Estepona's proximity to the Marbella–Benahavís golf corridor and its own beach access support the rental market. A local property management company can provide current demand figures and indicative occupancy rates for this neighbourhood before you commit.
What does the purchase process involve?
You will first need a Spanish NIE (tax identification number), which your solicitor can apply for on your behalf. Once you agree terms, a reservation contract is signed and a holding deposit paid to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), at which stage a further percentage of the price is transferred. Completion takes place before a Spanish notary, who registers the transfer. Using an independent solicitor throughout is strongly recommended.

Price

€1,732,000€7,433/m²

Ref: 57793934-01

Maya Kallio
Maya Kallio💚
The Heart of Our Operations

Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.

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Key Details

Type
apartment
Bedrooms
3
Bathrooms
3
Build Size
233 m²
Energy Rating
G