Townhouse·Ref R5512879
7-Bed Townhouse in Velez-Malaga, Costa del Sol East — €899,000
€899,000- 7 beds
- 5 baths
- 796 m² built
- 51 m² terrace
- 921 m² plot
About the residence
Discover a rare opportunity to own two beautifully designed homes combined on one generous plot in the heart of Vélez-Málaga — complete with private parking, a swimming pool, extensive entertainment areas and a substantial commercial premise. This unique property offers the ideal setting for extended family living, with two separate homes on one estate. Perfect for multiple generations or families wishing to live close together while enjoying their own space, privacy and independence. Alternatively, for those seeking an investment opportunity, the second house can offer excellent potential to generate rental income, combining comfortable living with an additional revenue stream. Whether you envision a shared family estate or a home with income-generating potential, this versatile property offers the flexibility to suit your lifestyle and future plans. Main residence (Two Floors – Ideal for a Young Family) Elegantly designed with comfort and functionality in mind, the primary home is thoughtfully distributed across two floors: Ground Floor: - Bright open-plan living and dining area - Modern kitchen seamlessly integrated into the living space - Guest powder room Upper Floor: - 4 Spacious bedrooms - 2 Bathrooms - Master bedroom with en-suite - Dedicated office space - Separate children’s play area The upper-level layout has been intelligently arranged to provide privacy — the children’s bedrooms and play area are nicely separated from the master suite and office, making it ideal for a growing family seeking both connection and quiet space. Second residence (Single-Level Living) Perfect for extended family, guests, or rental potential, the second home offers comfortable one-floor living: - 3 bedrooms - Spacious kitchen with charming breakfast nook - One family bathroom - One en-suite bathroom Both homes open onto a large entry porch that enjoys beautiful morning sun light — the perfect place for coffee or relaxed gatherings. ENTERTAINMENT & Outdoor living Designed for hosting and lifestyle enjoyment, the property features: - Fully enclosed BBQ entertainment area - Large feature fireplace - Outdoor kitchen - Bathroom facilities - Expansive communal patio areas This is an exceptional setting for family celebrations, social gatherings, and year-round entertaining. PARKING & Pool area From the common grounds, you have access to: - 4 car covered carport - Large private swimming pool - Workshop - Generous outdoor space for relaxation and recreation Income generating commercial premise a standout feature of this property is the huge studio providing: - Independent street access - Additional access from the communal grounds - Offices and meeting rooms plus recording studio Whether you are looking for a multi generational family home or a home that offers work and live situation, this exceptional estate in Vélez-Málaga offers versatility, elegance, and financial return — all in one. Contact us today to arrange a private viewing!
Features
Specification
- Pool
- Private
- Views
- Mountain
- Climate
- Fireplace
Highlights
- Covered Terrace
- Private Terrace
- Fitted Wardrobes
- Storage Room
- Close To Shops
Highlights continued
- Close To Town
- Close To Schools
- Near Transport
- Games Room
- Ensuite Bathroom
Setting
- Close To Shops
- Close To Town
- Close To Schools
- Near Transport
Views
- Mountain
Interior
- Fitted Wardrobes
- Games Room
- Storage Room
- Ensuite Bathroom
Exterior
- Covered Terrace
- Private Terrace
- Barbeque
Pool
- Private
Climate Control
- Fireplace
Features
- Guest House
Location
Velez-Malaga
The exact position of this residence is shared on enquiry. Meanwhile, read how the surrounding area lives.
Browse area guides →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
- Transfer tax (ITP, 7%)
- €62,930
- Notary & land registry (≈0.75%)
- €6,743
- Legal fees (1% + VAT)
- €10,878
- Purchase costs (~10–12%) details
- €80,550
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
Minimum 30% for non-residents
Maximum term depends on your age — typically the mortgage must end by age 75.
Variable rate (Euribor + margin) — currently around 3.2% via our mortgage partner.
- Deposit
- €269,700
- Loan amount
- €629,300
- Arrangement fee (1.5% of loan)
- €9,440
- Monthly payment
- €3,050
Total cash required
€359,690
Monthly payment
€3,050
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