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Property marketed by Inmo Investments
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Renovated, traditional bungalow for sale in Torrevieja, situated in the Torreta area. This well presented home offers 44 m² of living space with a private 20 m² patio garden. The property features one double bedroom, one bathroom, open plan kitchen, utility and storage room, lounge /dining area with air conditioning and a conservatory style front porch which opens up fully for an inside/outside flow and perfect for taking advantage of the winter sun. The low maintenance terrace boasts sun all day due to it's South facing orientation and offers a stylish outlook with walled water feature and outside mood lighting. The property is located within an urbanization and includes parking, with no community fees, making this a cost effective home in terms of yearly expenses. Sold fully furnished and in immaculate condition throughout. Walking distance to the local pool bar, where you can relax for the day, bus stops for the centre and beaches of Torrevieja, the Habaneras shopping mall , cinema, bowling, medical centers, local bars , restaurants, supermarkets including the Carrefour hypermarket and so much more. Contact us today to view this immaculate home
Property Features
- View Video Tour
- 1 bedroom
- 1 bathroom
- 44m² Build size
- Garden
- Storage room
- Terrace
- Key ready
- Air conditioning
- Renovated
- White Goods
- One level
- Walking Distance to Amenities
- Built-in Wardrobes
- Rental Potential
- Walking Distance to Bus Route
- Furnished
- No community fees
- Wheelchair Access
- Investment
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,726€
Final Payment of 90% on completion
87,534€
Property Purchase Expenses
Property price
97,260€
Transfer tax 8%
7,781€
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.