For sale · Costa del Sol · Vélez-Málaga
Available7-Bed Townhouse for Sale in Costa del Sol East, Vélez-Málaga
€990,000€1,100,000
7 beds · 5 baths · 796 m² built · 921 m² plot
Price reduced
Ref HT5307268Updated daily · Last sync 23 July 2026
About this property
Overview
Seven-bedroom townhouse with private pool in Costa del Sol East, Vélez-Málaga, Costa del Sol. This substantial property comprises two independent homes on a single 921-square-metre plot, offering 796 square metres of built space configured for multi-generational living or rental income. The main residence occupies two floors with an open-plan kitchen and living area on the ground floor, while four bedrooms and two bathrooms sit upstairs.
The second dwelling adds three bedrooms and three bathrooms across its own layout, giving both homes complete independence. A private swimming pool anchors the outdoor space, complemented by 51 square metres of terrace and multiple entertainment zones across the plot. The ground floor includes a separate commercial unit currently tenanted, providing consistent monthly income. Built in 2005, the property offers parking facilities and room to accommodate extended family or generate returns through long-term or holiday lets.
The townhouse sits in central Vélez-Málaga, a historic market town 4 kilometres north of Torre del Mar beach. The property lies within walking distance of Plaza de las Carmelitas and the weekly Thursday market, where locals gather for fresh produce and traditional goods. Málaga Airport is 45 minutes west along the A-7 coastal motorway, while the whitewashed streets of Frigiliana climb the hillside 20 minutes to the east.
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Features
What this home includes
- Pool
- Terrace
Property details
Specifications
- Property type
- Townhouse
- Subtype
- Townhouse
- Bedrooms
- 7
- Bathrooms
- 5
- Built area
- 796 m²
- Terrace
- 51 m²
- Plot size
- 921 m²
- Levels
- 2
- Year built
- 2005
- Pool
- Yes
- 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.
