7 bedroom Apartment for sale in Elx/Elche, Alicante, Spain

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Ref: AG19152230

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We present this excellent apartment located in the center of Elche, ideal for investors. The property features 7 rooms equipped with locks, 3 bathrooms, a fully equipped kitchen, and a cozy living-dining room. Currently, all rooms are rented, ensuring immediate profitability.Located just a few steps from the iconic Basilica of Santa María and the Glorieta of Elche, this apartment is perfect for students due to its proximity to all essential services and points of interest. Don’t miss out on this magnificent investment opportunity in a prime location!

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Property Features

7 bedrooms
3 bathrooms
260m² Build size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

39,000€

Final Payment of 90% on completion

378,000€

Property Purchase Expenses

Property price

420,000€

Transfer tax 8%

33,600€

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:

420,000€

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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Apartment for sale

Elx/Elche, Alicante

420,000€
7
3
260m² 20

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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%.