For sale · Costa del Sol · Vélez-Málaga
Available3-Bed Villa for Sale in Costa del Sol East, Vélez-Málaga
€1,200,000
3 beds · 2 baths · 238 m² built · 1186061 m² plot
Ref HT5299624Updated daily · Last sync 23 June 2026
About this property
Overview
Three-bedroom villa in Costa del Sol East, Vélez-Málaga, Costa del Sol, offering 118 hectares of productive agricultural land with two original farmhouses awaiting restoration. The estate centres on two stone structures whose original walls and foundations remain intact, providing the framework for conversion into substantial rural residences whilst the surrounding land continues to produce fruit and wine grapes without intervention.
The main house measures 238 square metres across its footprint, with thick perimeter walls and original ceiling heights that suggest generous internal volumes once restored. The second structure sits 40 metres away, positioned to take advantage of different aspects across the plot. Both buildings require complete renovation including new roofs, updated services, and internal reconfiguration. The land supports mature lemon groves in the lower sections where natural water collection occurs, whilst established vine rows occupy the hillside terraces, their root systems still drawing from the clay-rich soil.
The estate lies 4.8 kilometres north of Torre del Mar's beachfront, accessible via a combination of sealed and compacted earth roads that connect to the A-7 coastal motorway within 12 minutes. Vélez-Málaga's historic centre sits 6 kilometres west, where planning and agricultural offices can advise on renovation permissions and potential agritourism classifications. The vineyard rows align roughly east to west across the gradient, and several of the older lemon trees show trunk diameters exceeding 30 centimetres.
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Property details
Specifications
- Property type
- Villa
- Subtype
- Detached villa
- Bedrooms
- 3
- Bathrooms
- 2
- Built area
- 238 m²
- Plot size
- 1186061 m²
- Levels
- 2
- Condition
- Renovation Required
- Furniture
- Not Furnished
- 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 villa 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.
