New-Build 3-Bed Villa with Pool, Finestrat Hills
Centro, Finestrat · Alicante
3 Bed3 Bath183 m²551 m² plotEnergy: G
Description
Priced at EUR 995,000, this new-build villa in Finestrat Hills offers 183 m2 of built space on a private plot of 551 m2. The property has 3 bedrooms and 3 bathrooms across a ground-floor layout. The energy rating is G, which is typical for new villa construction in this area of Alicante province. Residents have access to a communal pool within the development.Finestrat Hills sits in the elevated terrain above the town of Finestrat, roughly 35 minutes by car from Alicante-Elche Airport (ALC). The wider Finestrat municipality borders Benidorm and gives direct road access to the N-332 coastal route. Specific distances to the beach, supermarket, and golf courses are available on request from the agent.At EUR 995,000 for 183 m2, the price per m2 works out at approximately EUR 5,437. This is a new-build property, so purchase tax is IVA at 10% rather than ITP, amounting to EUR 99,500. Additional costs include notary fees of approximately EUR 600 to 1,200, land registry fees of EUR 400 to 800, and legal fees of around 1% plus VAT. Community fees are listed as EUR 0 and IBI figures are not yet confirmed for this new-build. Finestrat Hills, close to Benidorm, carries tourist rental potential subject to obtaining a regional licence.The 551 m2 plot provides generous outdoor space around the villa alongside access to the communal pool. Garden and terrace dimensions are available on request from the agent. The ground-floor position allows direct access to the outdoor areas without internal stairs.
Features
- Communal pool
- 3 bedrooms
- 3 bathrooms
- Build size 183 m2
- Plot size 551 m2
- Ground floor
- New build
- Private garden
- Air conditioning
- Parking on plot
Property Details
| Property Type | Villa |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Built Area | 183 m² |
| Plot Size | 551 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 69537374-01 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Centro, Finestrat · 38.5478, -0.1747
About Centro, Finestrat
Finestrat is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the purchase costs on top of the EUR 995,000 asking price?
As a new-build villa, you pay IVA at 10% instead of resale transfer tax (ITP). That comes to EUR 99,500. On top of that, allow approximately EUR 600 to 1,200 for the notary, EUR 400 to 800 for land registry fees, and around 1% of the purchase price plus VAT for an independent solicitor. Total additional costs typically fall between EUR 105,000 and EUR 115,000.
Can non-residents get a mortgage on this property?
Yes. Spanish lenders generally offer non-residents up to 60 to 70% loan-to-value on a villa at this price point, meaning a deposit of 30 to 40% is required. On EUR 995,000 that equates to between EUR 298,500 and EUR 398,000 upfront. Current variable and fixed rates with Spanish banks range from approximately 3.5% to 4.5% per annum. We can refer you to independent mortgage brokers who work with international buyers.
What are the ongoing running costs for this villa?
Community fees are currently listed as EUR 0 per year. The annual IBI (council tax) figure has not yet been confirmed for this new-build; the agent can provide an estimate once the catastral reference is registered. Utility connection and set-up costs for a new-build should also be factored into your budget.
Is it possible to view the property remotely before travelling to Spain?
Yes. We offer video viewings via WhatsApp or Zoom for buyers who are unable to visit in person. Our agents can walk through the villa and the surrounding Finestrat Hills development live on camera and answer questions in real time. In-person viewings in Finestrat can be arranged seven days a week.
What is the rental potential for this villa in Finestrat Hills?
Finestrat Hills sits within easy reach of Benidorm, one of Spain's highest-demand tourist destinations, which makes short-term holiday letting a realistic option. To let legally, you must apply for a Vivienda de Uso Turístico (VUT) licence from the Valencian Community. Licensing conditions, occupancy expectations, and management costs should be discussed with a local property manager before purchase.
What does the purchase process involve for a buyer new to Spain?
First, you obtain a Spanish NIE (tax identification number), which is required to sign any property contract. Once you have agreed terms, you pay a reservation fee, typically EUR 5,000 to 10,000, to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), at which point 10% of the price is usually paid. The remaining balance is transferred at the notary on the day of completion, when title deeds are signed and ownership passes to you. Engaging an independent Spanish solicitor from the outset is strongly recommended.
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
- 3
- Bathrooms
- 3
- Build Size
- 183 m²
- Plot Size
- 551 m²
- Energy Rating
- G
