New-Build 4-Bed Villa on Large Plot, Finestrat Hills
Centro, Finestrat · Alicante
4 Bed3 Bath242 m²603 m² plotEnergy: G
Description
On a 603m2 private plot in Finestrat Hills, this new-build villa delivers 242m2 of built space across 4 bedrooms and 3 bathrooms. The plot is among the more generous in this part of Finestrat Hills, providing substantial outdoor space relative to the build footprint. Alicante-Elche Airport is approximately 35 minutes by car, making the property practical for both permanent residents and frequent travellers.Finestrat Hills sits in elevated inland terrain behind Benidorm, with the Serra Gelada ridge visible to the north-east. The commercial centre of Finestrat village, including its weekly market, is within a short drive, and the retail and leisure facilities along the N-332 coastal corridor are reachable in under 15 minutes. The area attracts buyers seeking hillside plots with open views away from the coastal strip.At EUR 890,000, the price per m2 of built space is approximately EUR 3,678. No community fees apply to this property. IBI has not yet been assessed, as the catastral reference is pending for this new-build, and buyers should budget for an annual figure once it is assigned. The energy rating is G, which is common for new villas prior to final certification. As a new-build in the Valencia region, purchase tax is IVA at 10% rather than ITP, adding EUR 89,000 to the base price before notary, registry and legal costs.The 603m2 plot allows for a private pool and garden alongside the 242m2 villa footprint. Outdoor terrace configuration depends on the final build specification, and prospective buyers should request the current floor plans and site layout from the agent to confirm exact outdoor areas and any customisation options still available at this stage of construction.
Features
- New build
- 4 bedrooms
- 3 bathrooms
- 242m2 build area
- 603m2 private plot
- Private pool (subject to final specification)
- Air conditioning
- Private garage
- Garden
- No community fees
- 35 minutes from Alicante-Elche Airport
Property Details
| Property Type | Villa |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Built Area | 242 m² |
| Plot Size | 603 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 88231042-01 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
Centro, Finestrat · 38.5463, -0.1788
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 890,000 asking price?
As a new-build property in the Valencia region (Alicante), you pay IVA at 10% instead of transfer tax (ITP). That adds EUR 89,000. Notary fees typically run EUR 600–1,200, land registry fees EUR 400–800, and independent legal representation around 1% of the purchase price plus VAT (approximately EUR 10,700 + VAT). Budget for total acquisition costs of roughly EUR 101,000–102,000 on top of the asking price.
Can non-residents get a mortgage on this property?
Yes. Spanish banks generally lend non-residents up to 60–70% of the purchase price or valuation, whichever is lower, meaning a deposit of 30–40% is typically required. On EUR 890,000 that equates to EUR 267,000–356,000. Current variable and fixed rates from Spanish lenders are broadly in the 3.5–4.5% range, though individual offers vary by bank and applicant profile.
What are the ongoing running costs?
There are no community fees for this property. IBI (local property tax) has not yet been assessed, as the catastral reference is pending for this new-build; once assigned, an annual IBI figure will be confirmed by the local authority. Basura (refuse collection) charges have also not yet been set. We recommend budgeting for these costs and confirming them with your legal adviser before exchange.
Can I view the property remotely before travelling to Spain?
Yes. We offer video viewings via WhatsApp or video call for buyers who cannot travel immediately. Our agent can walk you through the plot, any show unit or current construction stage, and the surrounding Finestrat Hills area. Contact us to arrange a time that suits your schedule.
Does this property have rental potential?
Finestrat Hills is within the Benidorm tourist catchment area, and the Costa Blanca as a whole has strong short-term rental demand from April to October. New-build villas of this size can attract holiday rental interest, but any yield will depend on final specification, licensing, management costs and occupancy levels. We recommend speaking to a local rental management company for realistic projections before purchase.
What does the purchase process involve?
First, you will need an NIE (foreigner identification number), obtainable in Spain or via a Spanish consulate in your home country. Once agreed, a reservation fee is paid to take the property off the market, followed by a private purchase contract (arras or compraventa) where typically 10% of the price is paid. Stage payments may apply during construction. Completion takes place before a Spanish notary, at which point the remaining balance is paid and keys are handed over. Using an independent Spanish solicitor throughout is strongly advised.
Maya Kallio💚
The Heart of Our Operations
Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
WhatsAppEnquire About This PropertySchedule a CallLanguages:EnglishFinnishSwedishSpanish
View LinkedIn ProfileQuick Enquiry
Interested in this property? Send us a message.
By submitting, you agree to our privacy policy.
Key Details
- Type
- villa
- Bedrooms
- 4
- Bathrooms
- 3
- Build Size
- 242 m²
- Plot Size
- 603 m²
- Energy Rating
- G
