For sale · Costa del Sol · Vélez-Málaga
Available5-Bed Townhouse for Sale in Costa del Sol East, Vélez-Málaga
€440,000
5 beds · 2 baths · 457 m² built
Ref HT5298172Updated daily · Last sync 23 June 2026
About this property
Overview
Five-bedroom townhouse in Costa del Sol East, Vélez-Málaga, Costa del Sol. Built in 1940, this historic property retains original architectural features including solid walls, period tiles, and staircases with details that reflect its era. Part of the ground floor previously operated as a local shop, and this commercial space remains, offering potential for conversion or alternative use.
The 457 square metres of built space is arranged across multiple floors with five bedrooms and two bathrooms. Original tiles appear throughout, with unique designs specific to the period. The ground floor includes the former shop area with street access, whilst the upper levels contain the residential accommodation. Solid construction and high ceilings characterise the interior, and the staircase features architectural detailing typical of early 20th-century Andalusian townhouses. The property is part furnished and requires complete renovation throughout.
The townhouse stands in Colmenar, a mountain village 28 kilometres north of Málaga city centre. The village sits at 694 metres elevation in the Montes de Málaga, with the coast accessible via the A-7204 and A-45 motorway. Colmenar's Plaza de España lies within walking distance, and the property benefits from the village's position between the coast and inland Axarquía towns. The former shop entrance opens directly onto a street in the historic quarter.
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Property details
Specifications
- Property type
- Townhouse
- Subtype
- Townhouse
- Bedrooms
- 5
- Bathrooms
- 2
- Built area
- 457 m²
- Levels
- 2
- Condition
- Renovation Required
- Furniture
- Part 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 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.
