New Build 3-Bedroom Apartment in Lo Pepín, Rojales
Lo Pepin, Rojales · Alicante
3 Bed2 Bath112 m²Built 1998Energy: G
Description
A 112 m2 3-bedroom apartment on the Lo Pepín side of Rojales, priced at EUR 380,540. The building dates from 1998. Lo Pepín is a residential area within Rojales. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 380,540 works out to EUR 3,398 per square metre. The energy rating is G. Parking is included. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax. The property has a private swimming pool. The garden provides additional outdoor space. A private solarium offers open-air relaxation.
Features
- Private pool
- Communal pool
- Solarium
- Garden
- Parking
- Near beach
Property Details
| Property Type | Apartment |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 112 m² |
| Floor | 0 |
| Year Built | 1998 |
| Energy Certificate | G |
| Reference | 88785383-01 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Lo Pepin, Rojales · 38.0610, -0.6985
About Lo Pepin, Rojales
Lo Pepín is a quiet residential area in the municipality of Rojales, set along the banks of the Segura River. The neighbourhood offers a genuine Spanish village atmosphere with local markets and traditional restaurants, while remaining just 5 km from the Guardamar del Segura coastline and its famous dune-backed beaches.
Frequently Asked Questions
What fees should I budget for?
For this new build at EUR 380,540, you will pay 10% IVA (EUR 38,054), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 4,605. Total estimated costs come to approximately EUR 49,917.
What mortgage options exist?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this apartment at EUR 380,540, a 60% mortgage would be EUR 228,324, requiring a deposit of EUR 152,216. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1205. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What ongoing costs should I expect?
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 Rojales; 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 do I see this property?
Contact OceanHome Team to arrange an in-person viewing of this apartment in Lo Pepín. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Can I rent this property out?
Rojales is primarily a residential area. Long-term rentals are more common than holiday lets. A 3-bedroom apartment 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.
What steps are involved in buying?
To buy in Spain, you first need an NIE (tax identification number for foreigners). The purchase begins with a reservation deposit, followed by a private contract (contrato de arras) with 10% down payment. A Spanish lawyer should review the property title, check for debts, and verify planning permissions. The sale completes at a notary office where the deed is signed and registered. Budget 6-10 weeks for the full process.
Maya Kallio💚
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Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
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Key Details
- Type
- apartment
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 112 m²
- Energy Rating
- G