New-Build 3-Bedroom Villa in Finestrat Hills, Finestrat
Centro, Finestrat · Alicante
3 Bed2 Bath282 m²Energy: G
Description
With 282m2 of built space, this new-build 3-bedroom villa in Finestrat Hills offers more floor area than most 3-bedroom villas currently listed in the neighbourhood. The property includes 2 bathrooms and private parking for 2 vehicles. As a new-build, VAT at 10% applies rather than resale transfer tax. The energy rating is G, which is standard for new builds in this region pending final certification.Finestrat Hills occupies an inland position within Finestrat municipality in Alicante province, bordering Benidorm to the north. The neighbourhood provides open views toward Sierra Cortina and the coastline. Finestrat village centre, with its weekly market and local shops, is a short drive away. Alicante-Elche Airport is approximately 35 minutes by road, making Finestrat Hills a practical base for frequent travellers.At EUR 990,000, the price per m2 of built space works out at approximately EUR 3,511. No community fees are recorded for this property. IBI figures are not yet available for this new-build, though buyers should budget for annual municipal charges once the property is registered. Given the proximity to Benidorm's established tourist market, the villa carries reasonable short-term rental potential, subject to obtaining the relevant Valencian tourist licence.The villa sits at ground level within Finestrat Hills, a location known for sloped plots and an open aspect. Two covered parking spaces are included. Buyers should confirm plot size and outdoor terrace dimensions directly with the agent, as these details are pending from the developer.
Features
- New build
- 3 bedrooms
- 2 bathrooms
- 282m2 built space
- Parking (2 spaces)
- Ground floor
- No community fees
- Energy rating G
- IVA at 10% applicable
- 35 minutes from Alicante-Elche Airport
Property Details
| Property Type | Villa |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 282 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 96231140-02 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
Centro, Finestrat · 38.5463, -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 990,000 asking price?
As a new-build, this villa is subject to IVA (VAT) at 10%, which amounts to EUR 99,000. Additional costs include notary fees of approximately EUR 600–1,200, land registry fees of approximately EUR 400–800, and legal fees of around 1% of the purchase price plus VAT (roughly EUR 9,900 plus VAT). In total, buyers should budget for approximately EUR 110,000–115,000 in purchase costs on top of the asking price.
Can non-residents obtain a mortgage on this property?
Yes. Spanish lenders typically offer non-resident buyers up to 60–70% loan-to-value, meaning a deposit of 30–40% is required. On EUR 990,000, that equates to a deposit of roughly EUR 297,000–396,000. Current variable and fixed mortgage rates in Spain are broadly in the 3.5–4.5% range, though individual terms depend on the lender and the applicant's financial profile.
What are the ongoing running costs for this villa?
No community fees are recorded for this property. IBI (annual council tax) and waste collection charges are not yet available as the build is new; these will be confirmed once the property is registered with the local catastro. Buyers should also account for utility connection fees and home insurance when budgeting annual outgoings.
Can I arrange a viewing of this villa?
Yes. In-person viewings can be arranged through our Finestrat agent. If you are based outside Spain, we can also organise a live video viewing via WhatsApp or video call, allowing you to see the property and ask questions in real time before committing to travel.
Does this villa have short-term rental potential?
Finestrat Hills is within the Benidorm tourism catchment area, and demand for villa rentals in this corridor is consistent throughout the year. To let the property on a short-term basis, owners must register for a Valencian tourist licence (Vivienda de Uso Turístico) through the Generalitat Valenciana. We can refer you to a local property management company for guidance on licensing and rental management.
How does the purchase process work in Spain?
The first step is obtaining a NIE (Número de Identificación de Extranjero), the tax identification number required for all property transactions in Spain. Once terms are agreed, a reservation contract is signed and a holding deposit of around EUR 3,000–6,000 is paid to secure the property. A private purchase contract (arras) follows, at which point typically 10% of the price is paid. The transaction completes at a Spanish notary, where the title deed (escritura) is signed and the balance transferred. We strongly recommend appointing an independent Spanish solicitor throughout.
Maya Kallio💚
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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
- 2
- Build Size
- 282 m²
- Energy Rating
- G
