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Ref: PHIP-981
Property marketed by JMT Spanish Properties
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This beautiful 2 bedroom 1 bathroom south facing apartment is located in the lovely development of La Entrada just 400 metres from the beach in Punta Prima on the Orihuela Costa.La Entrada is a gated development and has three communal pools and lovely landscaped garden areas which create a very relaxing environment for family holidays or full time living. The beach is at the end of the road and less than a 5 minute walk in the other direction brings you to a commercial centre complete with bars, restaurants, shops and a large supermarket.The apartment has a large open plan kitchen/ diner and lounge, which leads on to the large terrace. The two bedrooms are spacious and have built in wardrobes. The family bathroom is in between the two bedrooms and is in good condition. One bedroom also has access out to the large terrace.Although the apartment is a lovely place to be, most of your time would be spent on the terrace, which gets all day sunshine and overlooks one of the communal pools.Many extras are included in this high quality apartment such as marble floors throughout, underfloor heating in the bathroom, centralised air conditioning, an underground parking space and storeroom and it is being sold fully furnished.In our opinion, this is a great value property in one of the finest locations on the Costa Blanca. Virtual viewings are available on this or any of our properties.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
13,000€
Final Payment of 90% on completion
144,000€
Property Purchase Expenses
Property price
160,000€
Transfer tax 8%
12,800€
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.