New Build 2-Bedroom Penthouse in Las Filipinas, Orihuela Costa
Las Filipinas, Orihuela Costa · Alicante
2 Bed2 Bath65 m²Energy: G
Description
This 2-bedroom penthouse in Las Filipinas occupies the top floor, with 65 m2 of interior space and 2 bathrooms. Las Filipinas is a residential area within Orihuela Costa. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 295,000 works out to EUR 4,538 per square metre. The energy rating is G. Parking is included. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax.
Features
- Communal pool
- Terrace
- Parking
- Jacuzzi
- Open plan living
- Air conditioning
- Built-in wardrobes
- Garden
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 65 m² |
| Floor | 3 |
| Energy Certificate | G |
| Reference | 26374853-03 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
Las Filipinas, Orihuela Costa · 37.9375, -0.7718
About Las Filipinas, Orihuela Costa
Orihuela Costa 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 295,000, you will pay 10% IVA (EUR 29,500), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 3,570. Total estimated costs come to approximately EUR 39,045.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 295,000, a 60% mortgage would be EUR 177,000, requiring a deposit of EUR 118,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 934. 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 350-600 per year; community fees are typically EUR 40-100 per month for apartments in Orihuela Costa; 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 Maya Kallio to arrange an in-person viewing of this penthouse in Las Filipinas. 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?
Orihuela Costa has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 2-bedroom penthouse in Las Filipinas 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
- 2
- Bathrooms
- 2
- Build Size
- 65 m²
- Energy Rating
- G
