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4-Bedroom New-Build Villa on 547m2 Plot, Finestrat Hills

Centro, Finestrat · Alicante

4 Bed3 Bath244 m²547 m² plotEnergy: G

Description

A 244m2 new-build villa on a 547m2 private plot in Finestrat Hills, this four-bedroom, three-bathroom property sits at an elevated hillside position with open views towards the surrounding sierra. The ground floor delivers an open-plan living and dining area with full-width glazing opening directly onto a covered terrace and garden. A fitted kitchen with contemporary units, a ground-floor shower room, and private parking complete the lower level. The upper floor holds four bedrooms, each with built-in wardrobes, and two further bathrooms. Air conditioning is installed throughout, and there are no community fees.Finestrat Hills is a residential zone in the hills above Finestrat village, positioned between the AP-7 motorway and the Puig Campana mountain. The area sits approximately 5km inland from Benidorm's beaches and the commercial strip along Avenida del Mediterráneo. Alicante-Elche Airport is 35 minutes away by car. The village of Finestrat itself, with its weekly market and local restaurants along Carrer Major, is within a short drive of the plot.As a new build, an energy rating of G applies at present and a final certificate will be issued on completion. IBI has not yet been assessed for this plot. There are no community fees. As a new build in the Valencian Community, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.4%. ITP does not apply. Reduced rates and local allowances may apply if you meet this region's conditions, for example age, large-family or disability status, or buying a primary residence, and this is worth checking before you budget.The 547m2 plot is landscaped with planted borders and a terrace surrounding the private pool. A covered terrace adjoins the main living area, providing a shaded outdoor dining space. A gated driveway with private parking sits to the front of the villa. The plot's hillside position gives open views towards the sierra from both the garden level and the upper floor.

Features

  • New build
  • Private pool
  • Private garden
  • Terraced outdoor area
  • Private parking
  • Air conditioning
  • Mountain views
  • Built-in wardrobes
  • No community fees
  • 4 bedrooms
  • 3 bathrooms

Property Details

Property TypeVilla
Bedrooms4
Bathrooms3
Built Area244 m²
Plot Size547 m²
Floor0
Energy CertificateG
Reference86656530-01

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

Centro, Finestrat · 38.5476, -0.1750


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 sale price?
As a new build in the Valencian Community, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.4% of the purchase price. ITP does not apply. On top of those taxes, allow approximately EUR 600–1,200 for notary fees, EUR 400–800 for land registry fees, and around 1% of the purchase price plus VAT for a solicitor. Reduced rates and local allowances may apply if you meet the Valencian Community's conditions — for example age, large-family or disability status, or buying a primary residence — and this is worth confirming before you finalise your budget.
Can I get a mortgage as a non-resident buyer?
Spanish banks typically lend non-residents up to 60–70% of the purchase price or valuation, whichever is lower, meaning a deposit of 30–40% is usually required. Current variable and fixed mortgage rates in Spain range broadly from 3.5% to 4.5%, though the rate offered will depend on your financial profile and the lender. We can put you in touch with an independent mortgage broker who works with non-resident buyers.
What are the ongoing running costs?
There are no community fees for this villa. IBI (annual property tax) has not yet been assessed for this plot as it is a new build; the figure will be confirmed by the local authority prior to completion. There is also an annual basura (refuse collection) charge levied by the municipality, the amount for this plot is currently unconfirmed. We will provide updated figures as they become available.
Can I view the property remotely?
Yes. We offer video viewings via WhatsApp or video call for buyers who cannot travel to Spain immediately. Our agent will walk through the property and plot in real time and can answer questions as you watch. In-person viewings can be arranged Tuesday to Saturday with advance notice.
Is this villa suitable as a rental investment?
Finestrat Hills falls within the tourist zone covering the Benidorm and Marina Baixa area, and short-term holiday rentals are permitted subject to obtaining a Valencian Community tourist licence (Certificat de Classificació). Demand for villa rentals in this area is strongest from May to October, driven by proximity to Benidorm and the Costa Blanca's beaches. We recommend taking independent rental income advice before making any investment decision, as yields vary with management approach and calendar availability.
What are the steps to buying this property?
You will first need a Spanish tax identification number (NIE), required for any property purchase in Spain. Once terms are agreed, a reservation contract is signed and a holding deposit paid to secure the property. A private purchase contract follows, at which point a further percentage of the price is transferred. Completion takes place before a notary, where the balance is paid and the title deed (escritura) is signed and registered. Appointing an independent Spanish solicitor before committing to any payment is strongly recommended.

Price

€895,000€3,668/m²

Ref: 86656530-01

Maya Kallio
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
4
Bathrooms
3
Build Size
244 m²
Plot Size
547 m²
Energy Rating
G