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Ref: 902298
Property marketed by Purple Property Consutants
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New Development: Prices from €299,900 to €339,900. [Bedrooms: 1] [Bathrooms: 1] [Built size: 53m2 - 102m2]. A jewel in the heart of La Carihuela. Apartment just 3 minutes walk to the beach and in the commercial center of Torremolinos. A home designed and thought out with the utmost care, great originality and exclusivity. Designed by a renowned interior designer who has achieved very versatile spaces, maximum optimisation and a very elegant, unique and functional home with Top Brand qualities. The building has a Beach Club where you will enjoy a splendid urban view and you will find some additional services at your complete disposal: a large terrace with sunbeds and parasols, chill out areas, music and pool-jacuzzi to enjoy a refreshing swim. Ideal home for lovers of Quality, Exclusivity and Profitability. Great investment opportunity! with a return of 12.70%.
Property Features
- 2 bedrooms
- 2 bathrooms
- 195m² Build size
- Terrace area: 11
- Location - Near Beach
- Furniture - Optional
- Kitchen - Equipped Kitchen
- Parking - Underground
- Pool - NA
- Garden - NA
- Orientation - South and West
- Features - Walking distance to beach
- Features - Walking Distance to Cafés
- Features - Walking distance to rest.
- Features - Walking distance to shops
- Features - Walking distance to t. centre
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
45,000€
Final Payment of 90% on completion
432,000€
Property Purchase Expenses
Property price
480,000€
Transfer tax 10%
48,000€
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.