7 Bedroom Townhouse For Sale In Vélez-Málaga
€990,000€1,244/m²
Andalusia, Spain
7
bedrooms
5
bathrooms
796 m²
interior
Townhouse
property type
1 week ago
listed
About this place
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 generating €2,000 per month in rental income. This unique property offers the perfect blend of family living and smart investment potential on the stunning Costa del Sol. 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 sunlight — 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 currently operating as a commercial premises, providing: - Independent street access - Additional access from the communal grounds - Offices and meeting rooms plus recording studio This makes the estate ideal for entrepreneurs, investors, or those seeking a live-work lifestyle. 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!
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference


