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Ref: AG19147304
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TRADITIONAL HOUSE VERY CLOSE TO THE SEA ON THE OUTSKIRTS OF TORREVIEJA. This is an excellent property with lots of possibilities for anyone wishing to invest in it. It consists of a ground floor, complete traditional house in an area on the outskirts of Torrevieja, in the area of Playa de los Náufragos, a short distance from the sea, shopping and leisure areas and all the possibilities that a large coastal town offers both in summer for tourists and international residents, and in winter for local residents. The property consists of a living-dining room at the entrance, a central patio around which the other rooms of the property are articulated, a separate kitchen, three bedrooms and one bathroom. The property, in spite of having been built a few years ago, is in an acceptable state and taking it as a base, it can be updated and can be converted into a property with a lot of character according to the Mediterranean tradition where it can be used for private use or to make it profitable by converting it into a tourist property and obtain a return on it due to its great location close to the beach and its accessibility as it is all on the ground floor, perfect for all types of families with elderly people, children, handicapped people, etc. The site where it is located is worth mentioning, where, given its proximity to the sea, a new building with a greater height and number of dwellings could be constructed once the existing dwelling has been demolished in order to obtain a return on the investment.
Property Features
- 3 bedrooms
- 1 bathroom
- 90m² Build size
- 102m² Plot size
- Veranda
- Near bus route
- Aircondition, Split system
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,290€
Final Payment of 90% on completion
119,610€
Property Purchase Expenses
Property price
132,900€
Transfer tax 8%
10,632€
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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