New-Build 3-Bedroom Penthouse in El Saltillo, Torremolinos
El Saltillo, Torremolinos · Malaga
3 Bed2 Bath121 m²Energy: G
Description
This new-build penthouse sits on the 4th floor of a 5-storey development in El Saltillo, Torremolinos, covering 121 m2 of internal living space. The apartment has 3 bedrooms and 2 bathrooms, making it a practical layout for families or larger households. Two parking spaces are included in the purchase price of EUR 455,000. As the top-floor unit, it occupies the highest position within the building.El Saltillo is a residential district on the eastern edge of Torremolinos, well connected to the town centre via Avenida de la Constitución. Torremolinos town centre, with its weekly market on Calle San Miguel and the Playa de la Carihuela, is reachable in under 10 minutes by car. Málaga city centre is approximately 15 kilometres to the east, and Málaga AGP airport is a 20-minute drive from El Saltillo.At EUR 455,000 for 121 m2, the price per m2 works out at approximately EUR 3,760. As a new-build in Andalusia, the applicable purchase tax is IVA at 10%, adding EUR 45,500 to acquisition costs. Notary fees typically run EUR 600 to 1,200, land registry EUR 400 to 800, and legal fees around 1% plus VAT. Community fees are currently EUR 0 and IBI has not yet been assessed for this development. The energy rating is G. Torremolinos is a registered tourist municipality and short-term holiday rental licences may be available, subject to local regulations.
Features
- New-build
- Communal pool
- Parking (2 spaces)
- 3 bedrooms
- 2 bathrooms
- 121 m2 build size
- 4th floor
- Lift
- Energy rating G
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 121 m² |
| Floor | 4 / 5 |
| Energy Certificate | G |
| Reference | 11993783-06 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
El Saltillo, Torremolinos · 36.6219, -4.5164
About El Saltillo, Torremolinos
Torremolinos is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the purchase costs on top of the EUR 455,000 asking price?
As a new-build property in Andalusia, IVA applies at 10%, which equals EUR 45,500. In addition, budget approximately EUR 600 to 1,200 for notary fees, EUR 400 to 800 for land registry registration, and around 1% of the purchase price plus VAT for legal representation. Total additional costs are typically 12 to 14% of the purchase price.
Can non-residents get a mortgage on this property?
Yes. Spanish banks generally lend non-residents up to 60 to 70% of the purchase price, meaning a deposit of 30 to 40% is typically required. On EUR 455,000 that equates to EUR 136,500 to EUR 182,000. Current variable and fixed mortgage rates in Spain sit broadly between 3.5% and 4.5%, depending on lender and applicant profile.
What are the ongoing running costs?
Community fees for this development are currently EUR 0 per year. IBI (local property tax) has not yet been assessed, as the development is new-build; the figure will be set by Torremolinos town hall once the property is registered. Basura (refuse collection) charges are also to be confirmed. We recommend confirming all figures with your legal representative.
Can I arrange a viewing remotely before travelling to Spain?
Yes. OceanHome offers video viewings via WhatsApp or video call for buyers who are unable to travel to Torremolinos immediately. A live walk-through with one of our agents can be arranged at a time to suit you. In-person viewings are available by appointment.
Is there rental potential in El Saltillo, Torremolinos?
Torremolinos is an established coastal tourist destination and short-term holiday rentals are permitted in the municipality, subject to obtaining a Vivienda con Fines Turísticos (VFT) licence from the Junta de Andalucía. Demand for holiday rentals in the area runs across a long season. Your legal adviser can confirm current licensing requirements and any community restrictions that may apply to this building.
What steps are involved in buying this penthouse?
First, you will need an NIE (Número de Identificación de Extranjero), which is your Spanish tax identification number. Once you decide to proceed, a reservation contract is signed and a holding deposit, typically EUR 3,000 to 6,000, is paid to take the property off the market. This is followed by a private purchase contract (arras), at which point around 10% of the purchase price is exchanged. Completion takes place before a notary, at which point the balance is paid and the title deed (escritura) is signed. The process typically takes 4 to 12 weeks, depending on the stage of construction.
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
- 121 m²
- Energy Rating
- G
