For sale · Costa del Sol · Vélez-Málaga
Available6-Bed Townhouse for Sale in Costa del Sol East, Vélez-Málaga
€480,000
6 beds · 6 baths · 602 m² built
Ref HT4979662Updated daily · Last sync 23 June 2026
About this property
Overview
Six-bedroom townhouse in Costa del Sol East, Vélez-Málaga, Costa del Sol. This 602-square-metre property occupies two full floors and includes a ground-floor space with capacity for nine cars and ten motorcycles, alongside an original oil mill with preserved machinery that remains a recognised feature in the local community.
The first floor spans 277 square metres plus terraces and accommodates six bedrooms and six bathrooms across its layout. The building dates from 1980 and offers fair condition throughout, with one allocated parking space included in the sale. The ground floor measures 325 square metres and currently functions as covered parking, though the total built area allows for reconfiguration into multiple residential units, a small hotel, or serviced apartments depending on planning permissions. The structure provides scope for conversion projects that require substantial square meterage within the old town.
The property stands in Vélez-Málaga's old town, 20 minutes from the nearest beach and 45 minutes from Málaga Airport. A shopping centre lies ten minutes away, and local schools operate within the immediate area. The townhouse sits within walking distance of the town's central plaza, where cafés and municipal buildings cluster around the historic quarter's main square.
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Property details
Specifications
- Property type
- Townhouse
- Subtype
- Townhouse
- Bedrooms
- 6
- Bathrooms
- 6
- Built area
- 602 m²
- Parking spaces
- 1
- Levels
- 3
- Year built
- 1980
- Condition
- Fair
- 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 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.
