New-Build 5-Bedroom Villa in Balcón de Finestrat, Finestrat
Balcon De Finestrat, Finestrat · Alicante
5 Bed4 Bath291 m²347 m² plotEnergy: G
Description
This new-build villa in Balcón de Finestrat offers 291 m2 of living space across a 347 m2 plot. The layout includes 5 bedrooms and 4 bathrooms, providing ample room for a large family or those requiring additional guest accommodation. A solarium sits at the top of the property, adding usable outdoor space with open views across the surrounding hillside. The energy rating is G, which is typical of new builds at this stage of construction pending final certification.Balcón de Finestrat is a residential area positioned above Benidorm on the slopes of the Sierra Cortina. The neighbourhood offers direct access to the N-332 and the AP-7 motorway, placing Benidorm's town centre roughly 5 kilometres away. Alicante-Elche Airport is approximately 35 minutes by car. The wider Finestrat municipality includes the village centre with a local market and several supermarkets within a short drive. Balcón de Finestrat sits at an elevated position that provides clear sightlines toward the coast and the Benidorm skyline.At EUR 840,000 with a build size of 291 m2, the price per m2 comes to approximately EUR 2,887. As a new-build property, VAT applies at 10% rather than ITP, amounting to EUR 84,000. Additional purchase costs include notary fees of approximately EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and legal fees of roughly 1% plus VAT, equating to around EUR 10,080. Community fees are currently EUR 0 per year. IBI and basura figures are not yet available and should be confirmed with the agent. This area of the Costa Blanca North attracts both long-term residents and buyers seeking holiday rental income given its proximity to Benidorm.The 347 m2 plot provides space for a private garden and outdoor entertaining area. The solarium adds a further level of outdoor use above the main structure, suitable for sunbathing or al fresco dining. Specific terrace dimensions are not confirmed and should be verified with the developer. Buyers should request the final floor plans and specification sheets from the agent to confirm all outdoor dimensions and finishes.
Features
- New build
- Solarium
- 5 bedrooms
- 4 bathrooms
- Private plot
- Air conditioning
- Parking
- Energy rating G
Property Details
| Property Type | Villa |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Built Area | 291 m² |
| Plot Size | 347 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 57973687-02 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Balcon De Finestrat, Finestrat · 38.5494, -0.2057
About Balcon De Finestrat, Finestrat
Finestrat is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the purchase costs for this villa?
As this is a new-build property, VAT (IVA) applies at 10% rather than transfer tax (ITP). On a purchase price of EUR 840,000, that amounts to EUR 84,000 in VAT. You should also budget for notary fees of approximately EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and legal fees of roughly 1% of the purchase price plus VAT, which is around EUR 10,080. Total additional costs typically fall between EUR 95,000 and EUR 96,000.
Can non-residents obtain a mortgage on this property?
Yes. Spanish banks will typically lend non-residents up to 60 to 70% of the purchase price or valuation, meaning a deposit of 30 to 40% is generally required. On EUR 840,000 that equates to a deposit of approximately EUR 252,000 to EUR 336,000. Current variable and fixed mortgage rates in Spain range from roughly 3.5% to 4.5%. A mortgage broker with experience in Spanish property is advisable for non-resident applications.
What are the ongoing running costs?
Community fees are currently listed at EUR 0 per year. Annual IBI (council tax) and basura (waste collection) charges are not yet confirmed for this property and should be requested from the agent or local town hall. As a guide, IBI on a villa of this value in the Finestrat municipality typically runs between EUR 800 and EUR 1,500 per year, though this figure is estimated and should be verified.
Can I arrange a viewing remotely?
Yes. OceanHome can arrange a video viewing via WhatsApp or video call at a time that suits you, allowing you to tour the property and ask questions in real time. In-person viewings can also be scheduled with advance notice. Contact the agent to confirm availability.
What is the rental potential of this villa?
Balcón de Finestrat sits within the Benidorm tourism catchment area, one of the busiest holiday destinations on the Costa Blanca. Five-bedroom villas with outdoor space in this area attract demand from larger family groups during peak summer months. A tourist rental licence (Vivienda Turística) is required to let legally on short-term platforms and must be obtained from the Generalitat Valenciana. The agent can provide guidance on the licensing process.
What does the purchase process involve?
You will first need an NIE (Número de Identificación de Extranjero), which is required for all property transactions in Spain. Once you decide to proceed, a reservation fee is paid to take the property off the market. A private purchase contract (contrato de arras) follows, at which point a further deposit of typically 10% of the purchase price is paid. The remaining balance is settled at the notary on the completion date, when the title deeds (escritura) are signed and ownership transfers. A Spanish solicitor is strongly recommended throughout.
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
- villa
- Bedrooms
- 5
- Bathrooms
- 4
- Build Size
- 291 m²
- Plot Size
- 347 m²
- Energy Rating
- G
