Fourth-Floor 3-Bedroom Penthouse in El Saltillo, Torremolinos
El Saltillo, Torremolinos · Malaga
2 Bed2 Bath131 m²Energy: G
Description
A 121 m2 new-build penthouse on the 4th floor of a five-storey development in El Saltillo occupies the top residential level of the block, with two included parking spaces and lift access throughout. The property has three bedrooms, two bathrooms, and an energy rating of G. The development includes a communal pool and landscaped grounds.El Saltillo is a residential area in the eastern part of Torremolinos, close to the boundary with Málaga city. The neighbourhood sits within easy reach of the Paseo Marítimo and the beaches along this stretch of coast. Everyday amenities, including supermarkets and cafés, are accessible within the surrounding streets, and Málaga Airport is approximately 20 minutes away by car, making El Saltillo a practical base for frequent travellers.Community fees are currently nil, and the annual IBI figure is not yet confirmed for this new-build development. As a new-build property, any capital gains from a future resale may be of interest to investors, and El Saltillo's proximity to Málaga city supports consistent rental demand.
Features
- New-build
- Communal pool
- Parking (2 spaces)
- Air conditioning
- Lift
- Built-in wardrobes
- 4th-floor position
- 121 m2 build size
- Energy rating G
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 131 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 purchase taxes and costs apply to this property?
As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2%. ITP does not apply. Additional costs include notary fees of approximately EUR 600–1,200, land registry fees of approximately EUR 400–800, and legal fees of around 1% of the purchase price plus VAT. Reduced rates and local allowances may apply if you meet this region's conditions (for example age, large-family or disability status, or buying a primary residence) — worth checking before you budget.
Can non-residents obtain a mortgage on this property?
Spanish banks typically lend non-residents up to 60–70% of the purchase price, meaning a deposit of 30–40% is generally required. Current variable and fixed mortgage rates in Spain range from approximately 3.5% to 4.5%, though individual offers vary by lender and applicant profile. We recommend obtaining a mortgage agreement in principle before proceeding.
What are the ongoing running costs?
Community fees are currently nil for this development. The annual IBI (council tax) figure is not yet confirmed, as this is a new-build property. A basura (refuse collection) charge may also apply once the property is registered with the local authority.
Can I arrange a viewing remotely?
Yes. We offer video viewings for buyers who cannot travel to Torremolinos immediately. Contact our team to schedule a live walkthrough via video call, or to request additional footage of the development and communal areas.
What is the rental potential in El Saltillo?
El Saltillo's location between Torremolinos town centre and Málaga city supports demand from both short-term holiday lets and longer-term tenants. Properties in this part of the Costa del Sol attract year-round interest given the airport's proximity. A local letting agent will be able to provide realistic occupancy and yield estimates based on current market conditions.
What does the purchase process involve?
You will first need a Spanish NIE (tax identification number), which can be obtained at a Spanish consulate or in person in Spain. Once you have agreed a price, a reservation fee is paid to take the property off the market, followed by a private purchase contract (arras) with a deposit of typically 10% of the purchase price. The remaining balance is paid at completion before a notary, who registers the transfer. Using an independent Spanish solicitor throughout the process is strongly advised.
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
- 2
- Bathrooms
- 2
- Build Size
- 131 m²
- Energy Rating
- G
