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Ref: TV432
Property marketed by Estate Agents Pérez-Oglietti
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ON SALE EXCLUSIVELY WITH US! 2-bedroom apartment on the beachfront in El Peñoncillo, Torrox Costa. It is a first floor on the corner, facing the sea, where you can only hear the lullaby of the sea and enjoy spectacular sunsets. The apartment is located on the 1st floor with elevator of a small and quiet block on the shores of the Mediterranean. It consists of a living room facing south and access to a terrace from where you can enjoy a nice breakfast while feeling the sea breeze, kitchenette, 1 bathroom with bathtub and 2 bedrooms, both also facing south and from the only thing you can see is the sea giving a feeling of peace and relaxation. The community has well-kept gardens from which you can directly access the beach, its blue and immense Mediterranean Sea, where you can take unforgettable walks along its beautiful and endless beaches. Do not miss the opportunity to acquire a unique property due to its location and orientation, where to live or where you can enjoy an idyllic holiday.
Property Features
- View Video Tour
- 2 bedrooms
- 0 bathrooms
- 60m² Build size
- Garden : Yes
- Swimming pool : No
- Sun/facing : South
- Views : Beach/sea
- Terrace/balcony
- Wardrobe/closet
- Washing machine
- Built-in kitchen
- Fridge
- Closeby : Restaurants/bars.
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
24,000€
Final Payment of 90% on completion
243,000€
Property Purchase Expenses
Property price
270,000€
Transfer tax 10%
27,000€
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.