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New Build 3-Bedroom Apartment in Mil Palmeras, Pilar De La Horadada

Mil Palmeras, Pilar de la Horadada · AlicanteListed Feb 2026

3 Bed2 Bath102 m²Energy: G

Description

This 3-bedroom apartment in Mil Palmeras sits on the 4th floor of a 5-storey building, covering 102 m2 of living space. Mil Palmeras is a residential area within Pilar De La Horadada. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 449,000 works out to EUR 4,402 per square metre. The energy rating is G. Parking is included. 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.

Property Details

Property TypeApartment
Bedrooms3
Bathrooms2
Built Area102 m²
Floor4 of 5
Energy CertificateRating G
Reference71919041-01

Features & Amenities

Climate & Comfort
  • Air conditioning
Outdoor & Pool
  • Communal pool
  • Solarium
  • Garden
  • Terrace
Security & Access
  • Lift
  • Security
Storage & Parking
  • Parking
  • Built-in wardrobes
Other Features
  • Near beach
  • Sea views

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

Mil Palmeras, Pilar de la Horadada · 37.8894, -0.7579

Energy Performance Certificate

Every property for sale in Spain requires an official Certificado de Eficiencia Energética. The rating reflects estimated energy consumption per m² per year.

A
B
C
D
E
F
GThis property

Rating

G

Very Poor

Consumption

> 240

kWh/m² per year

Est. Annual Cost

> €2,030

energy bills/year

How to improve the energy rating

  • Installing double-glazed windows
  • Adding wall and roof insulation
  • Upgrading to an efficient air-conditioning / heating system

Energy ratings are based on the official Spanish energy certificate. Actual costs depend on usage, occupancy and energy provider. Properties rated D or below may benefit significantly from insulation and system upgrades.

Estimated Buying Costs

Approximate costs for a resale property in Valencian Community.

Transfer Tax (ITP 10%)€44,900
Notary Fees~€950
Land Registry~€650
Legal Fees (1% + VAT)~€5,433
Community Fees (monthly)€110/mo
IBI Property Tax (annual)€540/yr
Est. Total Purchase Costs~€51,933 (11.6%)

Annual Running Costs

Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).

Community Fees

€110/mo

€1,320/year · covers pool, gardens, common areas

IBI Property Tax

€540/yr

€45/month · municipal property tax

Total fixed costs€1,860/year (€155/month)

Investment Snapshot

How this property compares to the local Pilar de la Horadada market.

Price per m²

€4,402

this property

Pilar de la Horadada Average

~€3,617

per m² (resale)

Difference

+22%

above average

Above area average — reflects premium features or location

Market data is indicative. Actual values depend on exact location, condition and specification. Consult our team for a detailed market appraisal.

About Mil Palmeras, Pilar de la Horadada

Pilar De La Horadada 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.

All properties in Mil PalmerasPilar de la Horadada area guide

Frequently Asked Questions

What are the total purchase costs?
For this new build at EUR 449,000, you will pay 10% IVA (EUR 44,900), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 5,433. Total estimated costs come to approximately EUR 58,618.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this apartment at EUR 449,000, a 60% mortgage would be EUR 269,400, requiring a deposit of EUR 179,600. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1422. 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 apartment include: IBI property tax is estimated at EUR 500-900 per year; community fees are typically EUR 40-100 per month for apartments in Pilar De La Horadada; 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 Aino-Kaisa Lonka to arrange an in-person viewing of this apartment in Mil Palmeras. 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?
Pilar De La Horadada is primarily a residential area. Long-term rentals are more common than holiday lets. A 3-bedroom apartment 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.

Price

€449,000€4,402/m²
Enquire Now+34 931 222 244

Ref: 71919041-01

Maya Kallio
Maya Kallio💚
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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
102 m²
Energy Rating
G

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