73 m2 2-Bedroom Apartment in Hipódromo-Cerrado del Águila, Mijas
Cerros del Águila, Mijas · Malaga
2 Bed2 Bath73 m²Energy: G
Description
At EUR 395,000, this 2-bedroom apartment in Hipódromo-Cerrado del Águila offers 73 m2 with 2 bathrooms. Hipódromo-Cerrado del Águila is a residential area within Mijas. The closest airport is 20 min (Málaga AGP). The price of EUR 395,000 works out to EUR 5,411 per square metre. The energy rating is G. Parking is included. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax. Residents share a communal swimming pool. The garden provides additional outdoor space.
Features
- Communal pool
- Garden
- Parking
- Lift
- Parking (2 spaces)
- Gymnasium
- Near golf
- Security
- Private garden
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 73 m² |
| Floor | 1 / 2 |
| Energy Certificate | G |
| Reference | 48551904-05 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Cerros del Águila, Mijas · 36.5221, -4.6611
About Cerros del Águila, Mijas
Mijas is one of the most popular destinations on Spain's Costa Blanca for international property buyers. With over 300 days of sunshine per year, excellent healthcare facilities, and a large expat community, the area offers an outstanding quality of life.
Frequently Asked Questions
How much does it cost to buy this property?
For this new build at EUR 395,000, you will pay 10% IVA (EUR 39,500), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 4,780. Total estimated costs come to approximately EUR 51,755.
Is mortgage financing available?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this apartment at EUR 395,000, a 60% mortgage would be EUR 237,000, requiring a deposit of EUR 158,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1251. Spanish banks require proof of income, tax returns, and a credit report from your home country.
How much are the monthly expenses?
Annual running costs for this apartment include: IBI property tax is estimated at EUR 500-900 per year; community fees are typically EUR 40-100 per month for apartments in Mijas; home insurance runs EUR 200-400 annually; utility bills (electricity, water, internet) average EUR 150-250 per month. Non-resident owners also pay annual income tax (IRNR) on a deemed rental value, typically EUR 300-600 per year for a property at this price level.
Can I book a viewing?
Contact OceanHome Team to arrange an in-person viewing of this apartment in Hipódromo-Cerrado del Águila. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
What is the rental potential?
Mijas has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 2-bedroom apartment in Hipódromo-Cerrado del Águila can attract bookings year-round. You will need a tourist licence from the regional government. Note that rental income is subject to Spanish tax for non-residents.
How does purchasing work?
Buying property in Spain requires an NIE number, which your lawyer can help arrange. Once you agree the price, a reservation deposit secures the property. You then sign an arras contract with a 10% deposit within 2-4 weeks. The final step is signing the escritura at a notary and paying the remaining balance. Your lawyer handles due diligence, checking the property has no debts or legal issues. Allow 6-10 weeks from offer to completion.
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
- apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 73 m²
- Energy Rating
- G
