New Build 3-Bedroom Apartment in Lo Pagán, San Pedro Del Pinatar
Lo Pagán, San Pedro del Pinatar · Murcia
3 Bed2 Bath99 m²Energy: G
Description
This 3-bedroom apartment in Lo Pagán sits on the 1st floor of a residential building, covering 99 m2 of living space. Lo Pagán is a residential area within San Pedro Del Pinatar. The closest airport is 20 min (Málaga AGP). The price of EUR 289,000 works out to EUR 2,919 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. A private solarium offers open-air relaxation.
Features
- Communal pool
- Near beach
- Terrace
- Solarium
- Parking
- Lift
- Parking (2 spaces)
- Jacuzzi
- Security
Property Details
| Property Type | Apartment |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 99 m² |
| Floor | 1 |
| Energy Certificate | G |
| Reference | 34279137-01 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Lo Pagán, San Pedro del Pinatar · 37.8328, -0.7917
About Lo Pagán, San Pedro del Pinatar
San Pedro Del Pinatar 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 289,000, you will pay 10% IVA (EUR 28,900), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 3,497. Total estimated costs come to approximately EUR 38,282.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this apartment at EUR 289,000, a 60% mortgage would be EUR 173,400, requiring a deposit of EUR 115,600. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 915. 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 apartment include: IBI property tax is estimated at EUR 350-600 per year; community fees are typically EUR 40-100 per month for apartments in San Pedro Del Pinatar; 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 apartment in Lo Pagán. 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?
San Pedro Del Pinatar 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 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.
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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
- 99 m²
- Energy Rating
- G
