New Build 3-Bedroom Penthouse in Hipódromo-Cerrado del Águila, Mijas
Cerros del Águila, Mijas · Malaga
3 Bed2 Bath159 m²Energy: G
Description
This 3-bedroom penthouse in Hipódromo-Cerrado del Águila occupies the top floor, with 159 m2 of interior space and 2 bathrooms. Hipódromo-Cerrado del Águila is a residential area within Mijas. The closest airport is 20 min (Málaga AGP). The price of EUR 885,000 works out to EUR 5,566 per square metre. The energy rating is G. Parking is included. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax. Residents share a communal swimming pool. A private solarium offers open-air relaxation.
Features
- Communal pool
- Terrace
- Solarium
- Parking
- Panoramic views
- Gymnasium
- Security
- Built-in wardrobes
- Garden
- Storage room
- Gym
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 159 m² |
| Floor | 3 / 3 |
| Energy Certificate | G |
| Reference | 20736386-04 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Cerros del Águila, Mijas · 36.5216, -4.6603
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
What are the total purchase costs?
For this new build at EUR 885,000, you will pay 10% IVA (EUR 88,500), stamp duty of 1.5%, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 10,709. Total estimated costs come to approximately EUR 114,484.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 885,000, a 60% mortgage would be EUR 531,000, requiring a deposit of EUR 354,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 2803. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What are the running costs?
Annual running costs for this penthouse 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.
How can I arrange a viewing?
Contact Aino-Kaisa Lonka to arrange an in-person viewing of this penthouse 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.
Is this a good rental investment?
Mijas has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 3-bedroom penthouse 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.
What is the buying process in Spain?
The Spanish buying process starts with obtaining an NIE (foreigner identification number). After agreeing a price, you sign a reservation contract with a deposit (typically EUR 3,000-6,000). The next step is the arras contract, where you pay 10% of the price. Completion takes place at a notary, where the escritura (title deed) is signed and the balance paid. The whole process typically takes 6-10 weeks from reservation 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
- penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 159 m²
- Energy Rating
- G
