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Ref: BLC00572
Property marketed by Blue Lagoon Casas
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JUST REDUCED ! Sunny South Facing Quality Renovated 2 Bedroom 1 Bathroom English Style Bungalow all on 1 level located in Torreta 111 ,close to The Habaneras shopping centre, Torrevieja. Private tiled 40 sqm2 sunny terrace, large open plan living with fully fitted quality kitchen leading to a utility room. Comes furnished, air con and ready to move into and very well presented. With no communal pool the running costs are very low. JUST REDUCED!
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- 100m² Plot size
- Electric Hot Water
- Microwave
- Refrigerator
- FamilyRoomPresent
- LaundryRoomPresent
- KitchenPresent
- LivingRoomPresent
- Washing Machine
- Hob
- Air Conditioning
- Close to Schools
- Close to Shops
- Close to Bars and Restaurants
- Close to Beaches
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,600€
Final Payment of 90% on completion
86,400€
Property Purchase Expenses
Property price
96,000€
Transfer tax 8%
7,680€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.