3 bedroom Apartment for sale in Torrevieja, Alicante, Spain

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Ref: AG19151778

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Bright and pleasant apartment in the center of Torrellano! The apartment has 3 bedrooms and 2 bathrooms, 1 with a shower and the other with a bathtub and two sinks. The rooms are large and with lots of natural light. The kitchen is separate with an exit to the laundry room, which has a window. Currently, 1 of the bedrooms is used as a living room. The balcony has awnings for the hot summer days. Legal costs and VAT are not included in the price.

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Property Features

3 bedrooms
2 bathrooms
111m² Build size
Veranda
Near bus route
Elevator

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

9,200€

Final Payment of 90% on completion

109,800€

Property Purchase Expenses

Property price

122,000€

Transfer tax 8%

9,760€

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.

Mortgage Calculator

Mortgage Amount:

122,000€

Deposit:

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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.