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Ref: SC4E-54601
Property marketed by NERJA BEACH PROPERTIES
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Spacious ground floor apartment located in Torrox town, central area, very close to the town square. It consists of 3 bedrooms, living room, kitchen, 2 bathrooms (1 with shower and the other with bathtub) and private patio. On the roof terrace there is a communal terrace and there is also a communal storage area shared by the neighbours. Orientation Northeast.
Property Features
- 3 bedrooms
- 2 bathrooms
- 95m² Build size
- Furnished : Yes
- Sun/facing : Northeast
- Petfriendly : Yes
- Wifi : Yes
- Views : City/town
- Cleaning room : Yes
- Laundry room : Yes
- Park nearby : Yes
- Wheelchair accesible : Yes
- Private patio
- Roof access
- Washing machine
- Bathtub
- Fridge
- Microwave oven
- Coffeemaker
- Toaster
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
- Closeby : School
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,700€
Final Payment of 90% on completion
114,300€
Property Purchase Expenses
Property price
127,000€
Transfer tax 10%
12,700€
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.