New-Build 3-Bed Villa, Finestrat Hills, Finestrat
Centro, Finestrat · Alicante
3 Bed3 Bath328 m²455 m² plotEnergy: G
Description
Built across 328m2 on a 455m2 private plot, this new-build villa in Finestrat Hills offers 3 bedrooms and 3 bathrooms at a price of EUR 1,200,000. The price per square metre of built space works out at approximately EUR 3,659. The villa sits on ground level and the plot provides scope for outdoor living and landscaping within a quiet hillside residential setting.Finestrat Hills is a residential area in the hills above Benidorm, positioned within the municipality of Finestrat. The nearby town centre of Finestrat village is roughly 3km away and offers local shops, a weekly market, and traditional restaurants on Calle Mayor. The beach resort of Benidorm is approximately 5km from the area, and Alicante-Elche Airport is reachable in around 35 minutes by car. Terra Marina beach and the Poniente seafront are the closest coastal options for residents in Finestrat Hills.The annual IBI figure is not yet confirmed for this new build and should be requested from the agent prior to purchase. There are no community fees applicable to this property. The energy rating is G. As a new-build property, the applicable purchase tax is IVA at 10% rather than ITP, which amounts to EUR 120,000 on the asking price.The 455m2 plot allows for a private garden and outdoor areas around the villa. Specific terrace dimensions are not confirmed in the current data and should be clarified with the agent. The hillside position in Finestrat Hills typically provides open views towards the coast and surrounding mountains, depending on plot orientation.
Features
- New build
- Private plot (455m2)
- 3 bedrooms
- 3 bathrooms
- 328m2 built space
- Ground floor
- No community fees
- Air conditioning
- Private garden
- Parking
- Double glazing
- Mains utilities
Property Details
| Property Type | Villa |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Built Area | 328 m² |
| Plot Size | 455 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 91450464-01 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Centro, Finestrat · 38.5468, -0.1757
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 1,200,000 asking price?
As this is a new-build property, you pay IVA (VAT) at 10% instead of ITP transfer tax, which equals EUR 120,000. Additional costs include notary fees (approximately EUR 600–1,200), land registry fees (approximately EUR 400–800), and legal fees of around 1% plus VAT (approximately EUR 12,000–15,000 inclusive). Total purchase costs are typically 12–14% above the purchase price.
Can non-residents get a mortgage on this property?
Yes. Spanish banks typically lend non-residents up to 60–70% of the purchase price or valuation, so a deposit of 30–40% is generally required. On EUR 1,200,000, that means having at least EUR 360,000–480,000 available, plus purchase costs. Variable and fixed mortgage rates are currently in the range of 3.5–4.5% depending on the lender and applicant profile.
What are the ongoing running costs for this villa?
There are no community fees applicable to this property. The annual IBI (council tax) figure has not yet been confirmed for this new build and should be requested from the agent before exchange. Utility connections and waste collection charges will apply once the property is occupied.
Can I view the property remotely before travelling to Spain?
Yes. OceanHome can arrange a video viewing via WhatsApp or video call so you can assess the property and its plot before committing to a trip. In-person viewings at Finestrat Hills can be booked directly through the agent.
Does this villa have rental potential?
Finestrat Hills benefits from proximity to Benidorm, one of the most visited resort destinations on the Costa Blanca, which supports demand for holiday rentals in the area. Any letting of the property requires a tourist licence from the Valencian regional authority. Speak to the agent for current licensing requirements and local rental market conditions.
What are the main steps in the purchase process?
First, you will need a Spanish NIE (tax identification number), which can be obtained via a Spanish consulate or in person in Spain. Once you agree a price, a reservation contract is signed and a holding deposit (typically EUR 3,000–6,000) is paid to take the property off the market. This is followed by a private purchase contract (arras), where usually 10% of the price is paid. The sale completes before a notary, at which point the remaining balance and all taxes and fees are settled. Using an independent Spanish solicitor 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
- 328 m²
- Plot Size
- 455 m²
- Energy Rating
- G
