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Ref: PHIP-982
Property marketed by JMT Spanish Properties
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A fabulous new build close to the bustling town of Torrevieja in the Costa Blanca South. This fabulous independent villa is situated upon a large enclosed plot of 1099m2 which consists of garden, private swimming pool and parking. Of a luxury design and built to a high standard, this east facing sunny villa has a huge solarium of 200m2 with fabulous open views. All 4 bedrooms are larger than average with fitted wardrobes and one with a good sized dressing room. 3 of the bedrooms come with an en-suite bathroom. The spacious lounge/diner of 68.5m2 boasts a high celing and plenty of light. The fully equipped kitchen is ulta modern and is seperated from the living area by a breakfast bar. A beautiful natural stone wall in the lounge seperates the dining area from the lounge with a double sided log fire. The property benefits from under floor heating and airconditioning through an aerothermic system. The swimming pool is 14 x 3.5m and comes with the pre-instalation for a pool heating system. The 180m2 garden is finished with artificial grass and white stones. A must see!
Property Features
- 4 bedrooms
- 4 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
89,000€
Final Payment of 90% on completion
828,000€
Property Purchase Expenses
Property price
920,000€
Transfer tax 8%
73,600€
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.