3-Bedroom Penthouse in Santiago De La Ribera
Centro, Santiago de la Ribera · Murcia
3 Bed2 Bath78 m²Energy: G
Description
This 3-bedroom penthouse in Santiago De La Ribera occupies the top floor, with 78 m2 of interior space and 2 bathrooms. The interior includes air conditioning, built-in wardrobes. The property is located in Santiago De La Ribera. The closest airport is 20 min (Málaga AGP). The price of EUR 310,000 works out to EUR 3,974 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. Residents share a communal swimming pool. The garden provides additional outdoor space. A private solarium offers open-air relaxation.
Features
- Communal pool
- Terrace
- Solarium
- Garden
- Lift
- Air conditioning
- Built-in wardrobes
- Sea views
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 78 m² |
| Floor | 4 |
| Energy Certificate | G |
| Reference | 85336194-04 |
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
What are the total purchase costs?
For this new build at EUR 310,000, you will pay 10% IVA (EUR 31,000), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 3,751. Total estimated costs come to approximately EUR 40,951.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 310,000, a 60% mortgage would be EUR 186,000, requiring a deposit of EUR 124,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 982. 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 500-900 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.
How can I arrange 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.
Is this a good rental investment?
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.
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
- 3
- Bathrooms
- 2
- Build Size
- 78 m²
- Energy Rating
- G
