First-Floor 5-Bedroom New-Build Apartment in El Velerín, Estepona
El Velerin, Estepona · Malaga
5 Bed5 Bath254 m²Energy: G
Description
A first-floor apartment in this two-storey new-build development in El Velerín offers 254 m2 of internal living space across 5 bedrooms and 5 bathrooms. The building has 2 floors in total and is served by a lift. Air conditioning and double glazing are fitted throughout, and the property connects to mains water and mains electricity.El Velerín sits on the western edge of Estepona, between the N-340 coastal road and the hills inland. The neighbourhood is a short drive from Estepona's old town and its pedestrianised streets around Plaza de las Flores. Málaga AGP airport is approximately 20 minutes away by car, making El Velerín a practical base for frequent travellers.Community fees are currently listed at nil. IBI and basura figures are not yet confirmed for this new-build, and buyers should ask the agent for the latest projections. The property carries an energy rating of G. As a new-build purchase in the Autonomous Community of Andalucía, ITP does not apply; buyers should budget for community fees once confirmed alongside solicitor and notary costs.
Features
- New build
- 5 bedrooms
- 5 bathrooms
- 254 m2 build size
- First floor
- Communal pool
- Lift
- Air conditioning
- Double glazing
- Mains water
- Mains electricity
Property Details
| Property Type | Apartment |
| Bedrooms | 5 |
| Bathrooms | 5 |
| Built Area | 254 m² |
| Floor | 1 / 2 |
| Energy Certificate | G |
| Reference | 57793934-03 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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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%. ITP does not apply. In addition, expect 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. 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 — and it is worth checking before you budget.
Can non-residents obtain a mortgage on this property?
Non-resident buyers in Spain typically need a deposit of 30–40% of the purchase price, as Spanish lenders usually finance up to 60–70% for non-residents. Current variable and fixed mortgage rates in Spain generally range from 3.5% to 4.5%, though individual offers vary by lender and applicant profile. We recommend obtaining an Agreement in Principle before making an offer.
What are the ongoing running costs?
Community fees are currently listed at nil, though buyers should confirm whether a service charge will be levied once the development is complete and the owners' community is established. The annual IBI (council tax) and basura (waste collection) charges have not yet been confirmed for this new-build; the agent can provide projections based on the catastral value once assessed.
How can I arrange a viewing?
Viewings can be arranged in person at the development in El Velerín, Estepona, or remotely via a live video tour conducted by one of our agents on site. Contact us to book either option at a time that suits you.
What is the rental potential in El Velerín?
El Velerín falls within the Costa del Sol tourist corridor, and properties in the Estepona area can attract both short-term holiday lets and longer-term rentals. A 5-bedroom apartment of this size has appeal for larger family groups. You will need a tourist licence from the Junta de Andalucía to let the property on a short-term basis; your solicitor can advise on the application process and local regulations.
What is the purchase process for buying property in Spain?
You will first need a Spanish NIE (tax identification number), which your solicitor can obtain on your behalf. Once you agree terms, a reservation deposit is paid to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), at which point a further deposit — typically 10% of the purchase price — is paid. The sale completes before a Spanish notary, who registers the deed with the land registry. Budget time for the NIE application and bank transfer arrangements, particularly if buying from outside Spain.
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
- 5
- Bathrooms
- 5
- Build Size
- 254 m²
- Energy Rating
- G
