New Build 2-Bedroom Penthouse in Bonalba-Cotoveta, Mutxamel
Centro, Mutxamel · Alicante
2 Bed2 Bath107 m²Energy: G
Description
Priced at EUR 399,000, this top-floor penthouse in Bonalba-Cotoveta has 2 bedrooms and 2 bathrooms across 107 m2. Bonalba-Cotoveta is a residential area within Mutxamel. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 399,000 works out to EUR 3,729 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.
Features
- Communal pool
- Terrace
- Parking
- Lift
- Parking (2 spaces)
- Security
- Air conditioning
- Built-in wardrobes
- Garden
- Sea views
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 107 m² |
| Floor | 4 / 4 |
| Energy Certificate | G |
| Reference | 20642228-02 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Centro, Mutxamel · 38.4500, -0.4321
About Centro, Mutxamel
Mutxamel 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 399,000, you will pay 10% IVA (EUR 39,900), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 4,828. Total estimated costs come to approximately EUR 52,263.
Is mortgage financing available?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 399,000, a 60% mortgage would be EUR 239,400, requiring a deposit of EUR 159,600. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1264. 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 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 Mutxamel; 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 penthouse in Bonalba-Cotoveta. 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?
Mutxamel is primarily a residential area. Long-term rentals are more common than holiday lets. A 2-bedroom penthouse could appeal to long-term tenants, especially retirees or workers. Rental income is subject to Spanish tax for non-residents. Consult a local agent for current demand levels.
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
- penthouse
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 107 m²
- Energy Rating
- G
