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Ref: TV395
Property marketed by Estate Agents Pérez-Oglietti
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Spacious and cozy ground floor apartment in the heart of Torrox Costa, a few meters from the beach. It consists of a small living room at the entrance and from there you go down to the area where there is a dining room, the fully furnished kitchen , the bathroom with shower and the 1st bedroom (there is a second area that is used as a second bedroom with a low ceiling). Originally it was a commercial premises, it is being reused (converting it into an apartment for legal purposes), it has been renovated with top quality materials and has been converted into a charming and contemporary apartment with all the comforts. Newly refurbished and sold fully furnished. A few meters from the beach and the promenade and surrounded by all kinds of services such as supermarkets, restaurants, bus stop, etc. It has a tourist license in case you want it as a holiday investment. A parking space is included in the price.
Property Features
- 1 bedroom
- 1 bathroom
- 60m² Build size
- Parking : 1 P.Spot
- Furnished : Yes
- Sun/facing : East
- Built-in kitchen
- Fridge
- Microwave oven
- Vitroceramic
- Oven
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,500€
Final Payment of 90% on completion
139,500€
Property Purchase Expenses
Property price
155,000€
Transfer tax 10%
15,500€
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.