Three-Bed Penthouse in Manilva Awaiting Finishing Touches
€344,000€2,709/m²
Manilva, Málaga, Spain
3
bedrooms
3
bathrooms
127 m²
interior
Penthouse
property type
Today
listed
The Habio take
AI summaryThis spacious three-bedroom penthouse in Manilva offers a great opportunity for those looking to personalise their home. With a very attractive price reflecting the property's current status, it is ideal for buyers interested in a project in Málaga's coastal region.
- coastal
- renovation
- investment
Highlights
- Spacious 127 m² layout
- Three bedrooms and three bathrooms
- Affordable price with potential for value increase
- Electricity and water connections ready
- Personalisation opportunities for a handyman
Worth knowing
- Requires significant finishing work on kitchen and bathrooms
- No LPO currently in place; approval expected in October 2024
- Air conditioning not fitted
Good fit for: Ideal for buyers looking for a project to personalise their home.
Lifestyle scores
- Beach
- 85
- Walkable
- 50
- Remote work
- 60
- Family
- 75
- Retirement
- 65
- Airport access
- 70
- Investment
- 70
- Luxury
- 55
- Value
- 80
About this place
This penthouse spans an internal area of 127 m² and features three bedrooms and three bathrooms, making it a spacious option for families or those seeking additional room for guests. However, the property requires some finishing work; specifically, a kitchen needs to be installed, and the bathrooms are not fully completed. Air conditioning has yet to be fitted, presenting an opportunity for buyers to customise their living environment.
The price of €344,000 reflects the necessity for these enhancements and the current absence of an LPO (Licencia de Primera Ocupación). An application for the LPO has been submitted and is expected to be approved by October 2024, at which point the property value is likely to increase. Electricity and water connections are already in place, allowing for immediate occupancy during the completion process.
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
