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Ref: AG19149474
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Duplex penthouse on the second and third floors, located in Torrevieja, a few meters from the sea and the beach. The ground floor has a hall, dining room, kitchen, living room, two bedrooms, a fully equipped bathroom and a covered terrace. The upper floor includes a staircase, living room with fireplace, master bedroom, en-suite bathroom and a semi-covered terrace with barbecue. The property is sold with a garage, storage room, kitchen, furniture and appliances.The residential has a large, one-of-a-kind swimming pool, with a fountain, a children's area, islands, bridges, a magnificent restaurant, a garden, security and lifeguards. At 300 meters you will find supermarkets, pizzeria, pharmacy, the promenade, the beach, restaurants and cafes.
Property Features
- 3 bedrooms
- 2 bathrooms
- 143m² Build size
- Ceramic tiles
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
29,000€
Final Payment of 90% on completion
288,000€
Property Purchase Expenses
Property price
320,000€
Transfer tax 8%
25,600€
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.