New-Build 3-Bedroom Villa in Finestrat Hills, Finestrat
Centro, Finestrat · Alicante
3 Bed3 Bath130 m²401 m² plotEnergy: G
Description
This new-build villa in Finestrat Hills sits on a 401m2 private plot and delivers 130m2 of built space across 3 bedrooms and 3 bathrooms. The ground-floor layout is well suited to year-round living, and the property comes with no community fees. Alicante-Elche Airport is approximately 35 minutes by car, making it practical for regular travel or visiting family.Finestrat Hills occupies elevated ground above the coastal plain, with views towards the Serra Gelada ridge and the coast below. The historic village centre of Finestrat is within a short drive, offering a weekly market, local bars, and the church of Sant Bartomeu as a focal point. The commercial area of La Marina, along the N-332, puts large supermarkets, retail parks, and restaurants within easy reach. The agent can confirm exact distances to the beach and nearest services on request.At EUR 695,000, the price per m2 of build is approximately EUR 5,346. As a new build in the Valencia region, the applicable purchase tax is IVA at 10%, amounting to EUR 69,500. Notary fees typically run EUR 600 to EUR 1,200, land registry fees EUR 400 to EUR 800, and legal fees around 1% of the purchase price plus VAT. No IBI figure is currently available for this property. The energy rating is G.The 401m2 plot provides scope for a private pool and garden, subject to local planning permissions. Outdoor terracing is common in this hillside setting and can be developed to make the most of the position. Buyers should confirm any included landscaping or pool specification directly with the developer before exchange.
Features
- New build
- Private plot (401m2)
- 3 bedrooms
- 3 bathrooms
- Ground floor
- No community fees
- Air conditioning
- Parking
- Built-in wardrobes
- Fitted kitchen
- Mountain views
- Garden
Property Details
| Property Type | Villa |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Built Area | 130 m² |
| Plot Size | 401 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 81230112-01 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Centro, Finestrat · 38.5465, -0.1740
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 695,000 asking price?
As a new build, this villa is subject to IVA at 10% rather than transfer tax, which adds EUR 69,500 to your costs. You should also budget EUR 600 to EUR 1,200 for notary fees, EUR 400 to EUR 800 for land registry fees, and approximately 1% of the purchase price plus VAT for legal representation. Total additional costs typically fall between 12% and 13% of the purchase price.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers can generally borrow up to 60-70% of the purchase price or valuation from Spanish lenders, meaning a deposit of 30-40% is typically required. On EUR 695,000 that means having at least EUR 208,500 to EUR 278,000 available. Current variable and fixed mortgage rates from Spanish banks are broadly in the 3.5% to 4.5% range, though terms vary by lender and applicant profile.
What are the ongoing running costs for this villa?
There are no community fees for this property. An IBI (council tax) figure is not yet available for this new build; the agent can advise once the catastral value has been assigned. Utility connections, household insurance, and waste collection charges will apply once the property is occupied.
Can I arrange a viewing remotely before travelling to Spain?
Yes. OceanHome can arrange a live video viewing via WhatsApp or video call so you can walk through the property with an agent before committing to a trip. In-person viewings at the Finestrat Hills site can be scheduled on weekdays and weekends with advance notice.
Is this villa suitable as a holiday rental investment?
Finestrat Hills is within the wider Benidorm and Costa Blanca tourist area, which has consistent short-term rental demand from the UK, German, and Scandinavian markets. New builds in this area can qualify for a tourist rental licence, though approval is subject to local authority conditions. The agent can provide current guidance on licensing requirements and the rental market in this specific location.
What does the purchase process involve?
You will first need a Spanish NIE number, which can be obtained at a local police station or through a gestor. Once you have agreed the price, a reservation fee is paid to take the property off the market, followed by a private purchase contract (arras) where typically 10% of the price is exchanged. The balance is paid at the notary on completion, at which point the deeds are signed and ownership transfers. Having a Spanish lawyer act on your behalf throughout 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
- 130 m²
- Plot Size
- 401 m²
- Energy Rating
- G
