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New-Build Corner Apartment in El Saltillo, Torremolinos

El Saltillo, Torremolinos · Malaga

3 Bed2 Bath118 m²Energy: G

Description

A second-floor apartment in a five-storey new-build development in El Saltillo, Torremolinos, this 118 m2 property offers 3 bedrooms and 2 bathrooms across a well-planned layout. Two dedicated parking spaces are included in the sale, a practical benefit in this part of Torremolinos. The building has a lift serving all five floors and a communal pool for residents. Energy rating is G, typical for new builds of this type in Andalusia.El Saltillo sits in the western reaches of Torremolinos, with the seafront promenade and Playa de La Carihuela reachable in a short drive or bus ride along the N-340 coastal road. The neighbourhood has local supermarkets, bars and restaurants within walking distance on Calle El Saltillo and the surrounding streets. Torremolinos town centre, with its Calle San Miguel shopping street and weekly market, is roughly 2 km from El Saltillo. Málaga airport (AGP) is approximately 20 minutes by car.At EUR 563,000, the price per m2 works out at approximately EUR 4,771. As a new build, the applicable purchase tax is IVA at 10%, which adds EUR 56,300, plus notary fees of approximately EUR 600 to EUR 1,200, land registry fees of approximately EUR 400 to EUR 800, and legal fees of around 1% plus VAT. Community fees are currently recorded as EUR 0 and IBI figures are not yet available from the cadastre. El Saltillo's proximity to the beach and Málaga airport makes this a practical choice for both permanent residents and those considering short-term holiday lets under Andalusia's tourist rental regulations.

Features

  • New build
  • Communal pool
  • Lift
  • Parking (2 spaces)
  • 3 bedrooms
  • 2 bathrooms
  • Second floor
  • 118 m2 build size
  • Five-storey building
  • Air conditioning
  • Double glazing

Property Details

Property TypeApartment
Bedrooms3
Bathrooms2
Built Area118 m²
Floor2 / 5
Energy CertificateG
Reference17499032-02

Distances & Nearby

✈️
airport
20 min (Málaga AGP)

Location

El Saltillo, Torremolinos · 36.6172, -4.5170


About El Saltillo, Torremolinos

Torremolinos is one of the most popular destinations on Spain's Costa Blanca.


Frequently Asked Questions

What are the total purchase costs on top of the asking price?
As a new build in Andalusia, IVA (VAT) applies at 10% rather than transfer tax. On EUR 563,000 that is EUR 56,300. Add notary fees of approximately EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and legal fees of roughly 1% of the purchase price plus VAT (approximately EUR 6,756 before VAT). Total additional costs are typically in the region of EUR 64,000 to EUR 65,500.
Can non-residents get a mortgage on this property?
Yes. Spanish banks generally lend up to 60 to 70% of the purchase price to non-resident buyers, meaning a deposit of 30 to 40% is normally required. On EUR 563,000 that represents a deposit of approximately EUR 169,000 to EUR 225,000. Variable and fixed mortgage rates currently range from roughly 3.5% to 4.5% depending on the lender and your financial profile.
What are the ongoing running costs for this apartment?
Community fees are currently recorded as EUR 0 per month, though this figure may be updated once the development is complete. Annual IBI (council tax) and basura (refuse collection) figures are not yet available from the cadastre. We recommend budgeting for these once the property is registered and you receive confirmation from the local authority.
Can I arrange a viewing remotely?
Yes. We offer video viewings for buyers who cannot travel to Torremolinos in person. Our agents can walk you through the apartment and the communal areas live via video call. In-person viewings can be arranged on weekdays and most weekends with advance notice.
Is there rental potential in El Saltillo, Torremolinos?
Torremolinos is a designated tourist area on the Costa del Sol and El Saltillo's proximity to the seafront and Málaga airport supports demand for short-term holiday lets. Landlords must register with the Junta de Andalucía and obtain a tourist rental licence (VFT) before letting. Demand tends to be strongest from May to October. We recommend speaking to a local letting agent for current market rates before purchasing.
How does the purchase process work in Spain?
You will first need a Spanish tax identification number (NIE), which your solicitor can apply for on your behalf. Once you have agreed a price, a reservation contract is signed and a deposit of around EUR 3,000 to EUR 6,000 is paid to take the property off the market. This is followed by a private purchase contract (arras), at which point typically 10% of the price is paid. Completion takes place before a notary, at which point the remaining balance is transferred and the title deeds are signed.

Price

€563,000€4,771/m²

Ref: 17499032-02

Maya Kallio
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
apartment
Bedrooms
3
Bathrooms
2
Build Size
118
Energy Rating
G