3-Bedroom New-Build Penthouse, Camino Viejo de Málaga
Camino Viejo De Malaga, Vélez-Málaga · Malaga
3 Bed3 Bath123 m²Energy: G
Description
At 123m2 across three bedrooms and three bathrooms, this fifth-floor new-build penthouse is one of the larger units in the Camino Viejo de Málaga development. The property sits on the top floor and is served by a lift. Air conditioning is fitted throughout, and the building includes a communal pool. The energy certificate is rated G.Camino Viejo de Málaga runs between the town centre of Vélez-Málaga and the coastal strip, placing residents within easy reach of both. The town centre holds the weekly Thursday market on Calle Real and a range of everyday shops and restaurants. Camino Viejo de Málaga is well connected by local bus routes to Vélez-Málaga town and Torre del Mar on the coast. Málaga Airport is approximately 20 minutes by car.Community fees are currently set at zero, though buyers should confirm this with the developer before exchange. IBI has not yet been assessed for this new-build property. The purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2%, as set by the Autonomous Community of Andalucía. ITP does not apply. The location on Camino Viejo de Málaga and the proximity to Torre del Mar give this property appeal for short-term rental, subject to obtaining the relevant tourist licence from the Junta de Andalucía.
Features
- New build
- 5th floor
- 3 bedrooms
- 3 bathrooms
- 123m2 build
- Air conditioning
- Communal pool
- Lift
- Energy rating G
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Built Area | 123 m² |
| Floor | 5 |
| Energy Certificate | G |
| Reference | 57249812-04 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Camino Viejo De Malaga, Vélez-Málaga · 36.7736, -4.1070
About Camino Viejo De Malaga, Vélez-Málaga
Vélez - Málaga 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%, set by the Autonomous Community of Andalucía. ITP does not apply. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (typically 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 the region's conditions — for example age, large-family or disability status, or buying a primary residence — and it is worth checking before you budget.
Can non-residents get a mortgage on this property?
Spanish lenders typically offer non-residents a loan-to-value of 60–70%, meaning a deposit of 30–40% of the purchase price is usually required. Current variable and fixed mortgage rates for non-residents are broadly in the range of 3.5–4.5% per annum, though rates vary by lender and individual circumstances. We recommend speaking to an independent mortgage broker with experience in Spanish property finance.
What are the ongoing running costs?
Community fees are currently set at zero; buyers should confirm this figure with the developer before completion. IBI (annual property tax) has not yet been assessed for this new-build property and will be set by the local authority after completion. Waste collection charges (basura) are also to be confirmed. Budget for utility connections and any home insurance separately.
Can I view this property remotely?
Yes. In addition to in-person viewings, we offer video viewings by appointment. Contact our team to arrange a live walkthrough at a time that suits you, or to request any additional photographs or floor plans.
What is the rental potential for this property?
Camino Viejo de Málaga sits between Vélez-Málaga town centre and the Torre del Mar coastline, an area with established demand for short-term holiday rentals. To let the property on a tourist basis you will need to register with the Junta de Andalucía and obtain a tourist licence before advertising. Rental income levels vary by season and management arrangement; we recommend speaking to a local lettings agent for current market guidance.
What are the steps to buying this property?
First, obtain an NIE (Número de Identificación de Extranjero) from a Spanish consulate or in Spain — this is required for all property transactions. Once you agree a price, a reservation fee (typically EUR 3,000–6,000) takes the property off the market. A private purchase contract (arras) follows, at which point a further deposit, commonly 10% of the purchase price, is paid. The balance is settled at the notary on completion, when title transfers to you. We recommend appointing an independent Spanish solicitor to act on your behalf throughout the process.
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
- 3
- Build Size
- 123 m²
- Energy Rating
- G
