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Great Investment! Penthouse with Pool & Storage in Torrevieja
2 bedrooms
1 bathroom
Communal Pool
Terrace
Lift
Needs renovation
Storage
Located 10 minutes walk from the city center and its beaches, El Cura, Natural Pools, Marina and Acequión, next to all kinds of services such as Bus Stop, various supermarkets such as Mercadona, Consum, Super Cor, … shops, Restaurants, Cafeterias, Schools, …
It has a full bathroom with window, 2 bedrooms, living room with American kitchen, open terrace and community pool.
Needs renovation. Storage room.
2 bedrooms
1 bathroom
Communal Pool
Terrace
Lift
Needs renovation
Storage
Located 10 minutes walk from the city center and its beaches, El Cura, Natural Pools, Marina and Acequión, next to all kinds of services such as Bus Stop, various supermarkets such as Mercadona, Consum, Super Cor, … shops, Restaurants, Cafeterias, Schools, …
It has a full bathroom with window, 2 bedrooms, living room with American kitchen, open terrace and community pool.
Needs renovation. Storage room.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
- near transport
- near beach
- close to shops
- close to golf
- terrace
- pool
- children's pool
- communal pool
- lift
- good rental potential
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,400€
Final Payment of 90% on completion
93,596€
Property Purchase Expenses
Property price
103,995€
Transfer tax 8%
8,320€
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.