For sale · Costa del Sol · Vélez-Málaga
Available3-Bed Finca for Sale in Costa del Sol East, Vélez-Málaga
€375,000€425,000
3 beds · 1 bath · 121 m² built · 19274 m² plot
Price reduced
Ref HT4000546Updated daily · Last sync 23 June 2026
About this property
Overview
Three-bedroom finca with a 100,000-litre water storage and 130-tree olive grove in Costa del Sol East, Vélez-Málaga, Costa del Sol. The 19,274sqm plot produces olives, oranges, lemons and medlars, with irrigation supplied by both the substantial rainwater reserve and mains connection to Alcaucín village. A covered terrace at the front of the 121sqm house overlooks the cultivated land, whilst an attached garage offers scope for conversion into a fourth bedroom with direct access to the main accommodation.
Inside, the living and dining area centres on a working fireplace, flowing into a kitchen fitted with extensive cupboard space. The hallway leads to three double bedrooms and a family bathroom with bathtub. Every window throughout the property is fitted with both external shutters and mosquito screens. The house was built in 1997 and comes fully furnished, ready for immediate occupation or rental income. Floor-to-ceiling room dimensions and natural ventilation make the interior comfortable year-round without air conditioning.
The finca sits within walking distance of Alcaucín, a white village in the Axarquía foothills known for its weekly market and traditional plaza. Vélez-Málaga town centre lies 20 minutes by car, offering supermarkets, medical facilities and the historic fortress overlooking the Vélez river valley. The property's elevated position provides clear views across the olive terraces towards the surrounding sierra, with the coast accessible in under 30 minutes via the A-356. Mains electricity runs to the house, and the plot boundary is fully fenced with gated vehicle access from the tarmac road.
Read moreRead less
Property details
Specifications
- Property type
- Finca
- Subtype
- Finca - cortijo
- Bedrooms
- 3
- Bathrooms
- 1
- Built area
- 121 m²
- Plot size
- 19274 m²
- Levels
- 1
- Year built
- 1997
- Condition
- Good
- Furniture
- Fully Furnished
- Area
- Costa del Sol East
- City
- Vélez-Málaga
- Postcode
- 29711
- Province
- Málaga
- Coast
- Costa del Sol
Location
Costa del Sol East, Vélez-Málaga
Map shows the approximate Costa del Sol East, Vélez-Málaga area. Exact address provided upon request. This property is in Vélez-MálagaCosta del Sol.
Nearest beach
10 mindrive
Puerto Deportivo Caleta de Vélez
11 mindrive
Hospital Comarcal de La Axarquía
9 mindrive
Málaga Airport (AGP)
58 mindrive
9 questions answered
Buying this finca in Costa del Sol East
Can foreigners buy property in Vélez-Málaga?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in Vélez-Málaga. You will need a Spanish NIE (foreigner tax number) before signing the title deed, plus a Spanish bank account for the transfer. The full purchase typically completes 6 to 10 weeks from signing the reservation contract.
What is an NIE and how do I get one?
The NIE (Número de Identificación de Extranjero) is your Spanish tax ID and is mandatory for buying property, opening a bank account or paying taxes. You can apply at a Spanish consulate in your home country or in person in Spain. Your lawyer can also obtain it on your behalf with a power of attorney, typically 2 to 4 weeks.
Do I need a Spanish lawyer?
Strongly recommended. An independent lawyer (abogado), separate from the agent and seller, verifies title, checks for debts and planning issues, drafts contracts and represents you at the notary. Typical fee is 1% of the purchase price plus VAT, with a minimum around €1,500.
How long does completion take?
From accepted offer to keys: 6 to 10 weeks for a resale, 30 to 45 days from reservation if no mortgage is needed. New-build off-plan completes when the development is delivered, often 18 to 36 months after reservation, with staged payments along the way.
What taxes will I pay buying a property in Vélez-Málaga?
Resale property in Andalucía: ITP (transfer tax) at 7%. New-build: 10% IVA + 1.2% AJD (stamp duty). Plus notary, land registry and legal fees of roughly 1 to 2%. Budget 10 to 13% on top of the asking price for total acquisition costs.
What ongoing costs should I expect?
Annual IBI (council tax) is typically 0.4 to 1.1% of cadastral value. Community fees on apartments and gated villas range €100 to €600/month depending on amenities. Non-resident owners pay an annual income tax based on cadastral value, plus utilities and home insurance.
Are agent fees paid by the buyer or seller?
In Spain the seller pays the agent commission (typically 3 to 6% + VAT), already baked into the asking price. Buyers do not pay agent fees on resale or new-build.
Can non-residents get a Spanish mortgage?
Yes. Spanish banks lend to non-residents at typical LTVs of 60 to 70% of the lower of purchase price or valuation (vs 80% for residents). Rates are competitive with the rest of the eurozone. You will need 6 months of bank statements, tax returns and proof of income, pre-approval takes 2 to 4 weeks.
Should I get pre-approval before viewing?
Recommended for serious buyers. A mortgage in principle confirms your budget, signals credibility to sellers and shortens completion. We can introduce you to specialist non-resident mortgage brokers familiar with the local market.
