Residential Plot·Ref R5527507

Residential Plot in Cancelada, Estepona — €650,000

€650,000
  • 330 m² built
  • 1118 m² plot

About the residence

€650,000 | Plot: 1,118 m² | Approx. Buildability: 330 m²*

An exceptional opportunity to acquire a spacious, south-facing residential plot in the sought-after area of Cancelada, within walking distance of the village, restaurants, shops and beach.

Set among contemporary luxury villas in an established residential neighbourhood, this 1,118 m² plot provides an attractive setting for a bespoke modern home on the Costa del Sol.

Architectural plans are available for a contemporary villa featuring a private swimming pool, generous terraces, a basement and a rooftop solarium. A building licence was previously granted but has since expired. Buyers wishing to proceed with the existing project would need to confirm the requirements and obtain the necessary approvals.

Alternatively, purchasers can explore their own villa design, subject to applicable planning regulations and approvals.

Key features

– South-facing plot of 1,118 m² – Approximately 330 m² buildability* – Existing architectural plans available – Previous building licence granted, now expired – Potential sea views from upper levels and solarium, subject to verification – Walking distance to Cancelada village and beach – Approximately 10 minutes’ drive to Estepona and 15 minutes to Marbella

An appealing opportunity for private buyers or investors seeking to create a luxury home in a desirable Costa del Sol location.

Buildability is indicative and understood to exclude basements and terraces. The permitted floor area and treatment of these spaces must be confirmed with an architect and the relevant planning authority.

Villa renders and proposed layouts are illustrative and subject to confirmation.

Features

Specification

Orientation
South
Pool
Room For Pool
Views
Sea, Urban

Highlights

  • Suburban
  • Commercial Area
  • Village
  • Close To Shops
  • Close To Sea

Highlights continued

  • Close To Town
  • Close To Schools
  • Electricity
  • Bargain
  • Cheap

Setting

  • Suburban
  • Commercial Area
  • Village
  • Close To Shops
  • Close To Sea
  • Close To Town
  • Close To Schools

Views

  • Sea
  • Urban

Pool

  • Room For Pool

Utilities

  • Electricity

Orientation

  • South

Category

  • Bargain
  • Cheap
  • Investment
  • Off Plan

Location

This residence sits within Cancelada, Estepona. The map outlines the area — the exact address is shared with qualified buyers once we've spoken.

The numbers

The numbers on this home.

A working estimate of purchase costs and mortgage payments for this residence. All values indicative — we'll walk you through the exact figures for your situation.

Spanish mortgages are denominated in euros

Purchase costs

VAT (IVA, 10%)
€65,000
Stamp duty (AJD, 1.2%)
€7,800
Notary & land registry (≈0.75%)
€4,875
Legal fees (1% + VAT)
€7,865
Purchase costs (~10–12%) details
€85,540

Good to know

Purchase costs are payable on completion, in addition to the price. Resale homes carry transfer tax; new builds carry VAT and stamp duty. Notary, registry and legal fees apply either way — and a mortgage adds an arrangement fee of roughly 1.5% of the loan.

Guide only — figures are indicative and vary with the individual transaction and lender. We'll walk you through the exact costs for this residence.

Mortgage

€195,000

Minimum 30% for non-residents

Maximum term depends on your age — typically the mortgage must end by age 75.

3.20%

Variable rate (Euribor + margin) — currently around 3.2% via our mortgage partner.

Deposit
€195,000
Loan amount
€455,000
Arrangement fee (1.5% of loan)
€6,825
Monthly payment
€2,205

Total cash required

€287,365

Monthly payment

€2,205

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