For sale · Costa del Sol · Vélez-Málaga
Available4-Bed Townhouse for Sale in Costa del Sol East, Vélez-Málaga
€225,000
4 beds · 1 bath · 429 m² built
Ref HT5298061Updated daily · Last sync 23 June 2026
About this property
Overview
Four-bedroom townhouse in Costa del Sol East, Vélez-Málaga, Costa del Sol, offering 429 square metres of built space ready for complete transformation. This property awaits a buyer with vision to reimagine its generous proportions into a family residence, guesthouse, or even two separate dwellings. The structure provides a blank canvas for creating bespoke living spaces tailored to your exact requirements.
The main floor presents an exceptionally large open-plan area where you could design expansive living and dining zones alongside a kitchen to your own specification. A central interior patio offers potential as a private courtyard garden or outdoor entertaining space with careful landscaping. The upper level contains two bedrooms and one bathroom, with scope to reconfigure the layout and add further bedrooms or bathrooms depending on your plans. One parking space is included. The 429 square metres of built area gives substantial room to work with multiple layout possibilities across both floors.
The property sits in Colmenar, a traditional whitewashed village in the Axarquía region known for its honey production and mountain setting. The town centre with its shops and tapas bars lies within a five-minute walk. Vélez-Málaga's historic quarter is 25 minutes by car, whilst the coastal beaches at Torre del Mar are 30 minutes away via the A-7205 road. The village maintains its agricultural character with olive groves and almond trees on the surrounding hillsides.
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Property details
Specifications
- Property type
- Townhouse
- Subtype
- Townhouse
- Bedrooms
- 4
- Bathrooms
- 1
- Built area
- 429 m²
- Parking spaces
- 1
- Levels
- 2
- Condition
- Renovation Required
- Furniture
- Not Furnished
- Area
- Costa del Sol East
- City
- Vélez-Málaga
- Postcode
- 29170
- 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.
