For sale · Costa del Sol · Vélez-Málaga
Available3-Bed Townhouse for Sale in Costa del Sol East, Vélez-Málaga
€49,950€69,000
3 beds · 2 baths · 150 m² built
Price reduced
Ref HT5423959Updated daily · Last sync 20 July 2026
About this property
Overview
Three-bedroom villa with mountain views in Costa del Sol East, Vélez-Málaga, Costa del Sol. The property sits within the Montes de Málaga Natural Park, where panoramic vistas stretch across forested peaks and valleys. This is a renovation project requiring full restoration, offering the chance to configure 150sqm of built space according to your vision while preserving the commanding elevated position.
The villa provides three bedrooms and two bathrooms across its footprint, with an additional 97sqm of terrace space that capitalises on the mountain aspect. The structure requires comprehensive updating throughout, from plumbing and electrics to interior finishes. Unfurnished and awaiting modernisation, the layout can be reimagined to suit contemporary living while the generous terrace area allows for outdoor dining zones, pergola installations, or terraced garden beds that follow the natural contours of the hillside.
The property stands in Colmenar, a whitewashed village known for its honey production and position at the gateway to the natural park. Málaga city centre lies 30 kilometres to the south, accessible via the A-7000 through olive groves and pine forests. The location places you within walking distance of Colmenar's village square, where local bars serve almonds from nearby farms and the Sunday market draws vendors from across the Axarquía region.
Read moreRead less
Features
What this home includes
- Terrace
Property details
Specifications
- Property type
- Townhouse
- Subtype
- Semi-detached house
- Bedrooms
- 3
- Bathrooms
- 2
- Built area
- 150 m²
- Terrace
- 97 m²
- Area
- Costa del Sol East
- City
- Vélez-Málaga
- 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 townhouse 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.
Newsletter · Every Friday
Track the Costa del Sol market without the noise.
Every Friday: the properties worth a second look, what prices are doing in Marbella and Estepona, and one honest take on the market. For buyers who are serious, but not ready to be sold to yet.
