Last key-ready new build villa in Marabu Lagoon
There is only one remaining new build villa available in Marabu Lagoon, so now is definitely the time to make your move. And to make things a little easier, we’ve done a true illustration of the cost of buying this spectacular key-ready villa, which is on the market for €369,000. We have used mortgage products available today for the simulation and calculations are also valid for similar properties with the same market price.
Read more to see what your monthly repayments and total outlay could be to secure the last of these beautiful modern villas.
The property
Located between Doña Pepa and Quesada in South Costa Blanca, Marabu Lagoon is a modern development of brand new villas just a few minutes walk from bars, shops and restaurants and the beautiful Guardamar Beach is less than a 15-minute drive away.
The villa itself, on the market with HomeEspaña New Homes, boasts a large lounge/dining area with patio doors leading out into the private garden with swimming pool, a stylish open plan kitchen, a master bedroom with fitted wardrobes and en suite bathroom and there is also a guest bathroom on this level.
On the first floor there is a double bedroom with fitted wardrobes and a private sun terrace, another double bedroom and a guest bathroom.
A staircase leads up to a magnificent 46 m² private rooftop solarium which enjoys lovely views and all day sun.
The villa includes private swimming pool, air conditioning, inside and outside lighting, solar energy panels, electric shutters, fully finished bathrooms and a private rooftop solarium.
Purchase price: €369,000 (excluding taxes and fees)
Tempted?
Have a look at how affordable this property could be with a Hipoteken mortgage, outlined below. We’ve provided two options, both based on the buyer paying a 30% deposit.
For a more complete picture, we’ve also included approximate costs for all fees and taxes that would come with purchasing this property.
Mortgage Option (30% deposit)
Mortgage Option 1: Mixed interest rate mortgage for 25 years
1,499.48
Property price: €369,000
Mortgage value (70% LTV): €258,300
Monthly repayment for fixed period (2.75% fixed rate for 1-5 years): €1,191.57
Monthly repayment for variable period (Euribor 3.680% + 1.25%) = €1,499.48
Buyer’s completion costs
Deposit (30%): : €110,700
Buying costs (notary/ fees/ taxes): €48,235
Mortgage set-up charges: €4,375
Total: €163,310
To summarize: To purchase this property with a 30% deposit, a qualifying buyer would need to pay in the region of €163,310 (including all costs) and would then have monthly mortgage repayments over 25 years of €1,191.57 during the fixed interest rate period of 1 to 5 years (depending on the bank) and €1,499.48 for the remaining years of the mortgage
Mortgage Option 2: Fixed interest rate mortgage for 25 years
1,499.48
Property price: €369,000
Mortgage value (70% LTV): €258,300
Monthly repayment (3.5% fixed rate): €1,293.11
Buyer’s completion costs
Deposit (30%): : €110,700
Buying costs (notary/ fees/ taxes): €48,235
Mortgage set-up charges: €4,375
Total: €163,310
To summarize: To purchase this property with a 30% deposit, a qualifying buyer would need to pay in the region of €163,310 (including all costs) and would then have fixed monthly mortgage repayments €1,293.11 for 25 years.
What next?
Whether you’re buying in Spain as a non-resident or resident, speak to Hipoteken’s experienced team of mortgage brokers to discuss your mortgage options. After assessing your financial profile and personal requirements, we’ll find you the right product. If you’re ready to start house-hunting, your next step could be to secure an Agreement in Principle – we’re here to help.
Got any questions?
Don’t hesitate to contact Hipoteken for a no-obligation chat with one of our experienced specialists.
You can call us direct on (0034) 960 599 967, email us at info@hipoteken.com or fill in the form on our Contact page.
