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Ref: FRE333
Property marketed by ethoscasas.com
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This charming 2 bedroom 1 bathroom bungalow is the perfect opportunity for those looking to invest in a peaceful retreat in the Torreta III area of Torrevieja. Situated just a short drive from the Habaneras Commercial Centre, Carrefour supermarket and the town centre, this bungalow offers the perfect blend of tranquility and convenience.The property features a sunny south west facing terrace with space for outdoor dining and relaxing in the warm Mediterranean sun. The interior is bright and welcoming, with an open-plan living area that offers plenty of space for entertaining guests or relaxing with family.The kitchen is fully equipped with all necessary appliances and offers ample counter space for preparing meals. The rear courtyard has been covered to create a utility room. The main bedroom easily accommodates a double bed, while the second bedroom is designed just for a single bed. The family bathroom is in good condition.Overall, this lovely bungalow offers the perfect opportunity to invest in a peaceful and convenient retreat. Given the location and condition of this property it will make a fantastic investment for anyone looking to enjoy the best of Spanish living.
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,995€
Final Payment of 90% on completion
80,955€
Property Purchase Expenses
Property price
89,950€
Transfer tax 8%
7,196€
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.