New Build 3-Bedroom Penthouse in Santiago De La Ribera
Centro, Santiago de la Ribera · Murcia
3 Bed2 Bath78 m²83 m² plotEnergy: G
Description
Priced at EUR 290,000, this top-floor penthouse in Santiago De La Ribera has 3 bedrooms and 2 bathrooms across 78 m2. The property is located in Santiago De La Ribera. The closest airport is 20 min (Málaga AGP). The price of EUR 290,000 works out to EUR 3,718 per square metre. The energy rating is G. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax. The plot covers 83 m2. Residents share a communal swimming pool. The garden provides additional outdoor space. A private solarium offers open-air relaxation.
Features
- Communal pool
- Solarium
- Garden
- Lift
- Panoramic views
- Air conditioning
- Built-in wardrobes
- Terrace
- Sea views
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 78 m² |
| Plot Size | 83 m² |
| Floor | 4 |
| Energy Certificate | G |
| Reference | 85336194-03 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Centro, Santiago de la Ribera · 37.8196, -0.7981
About Centro, Santiago de la Ribera
Santiago De La Ribera 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 290,000, you will pay 10% IVA (EUR 29,000), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 3,509. Total estimated costs come to approximately EUR 38,409.
Is mortgage financing available?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 290,000, a 60% mortgage would be EUR 174,000, requiring a deposit of EUR 116,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 918. 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 350-600 per year; community fees are typically EUR 40-100 per month for apartments in Santiago De La Ribera; 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 Santiago De La Ribera. 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?
Santiago De La Ribera is primarily a residential area. Long-term rentals are more common than holiday lets. A 3-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
- 3
- Bathrooms
- 2
- Build Size
- 78 m²
- Plot Size
- 83 m²
- Energy Rating
- G
