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Ref: HCB-37425
Property marketed by OLIVIA REAL ESTATE
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Comfortable one bedroom terraced house near Torrevieja center, in a quiet residential area in Nueva Torrevieja. The house has a sunny front yard with plenty of space to enjoy the sun. An awning can be opened to provide some shade as needed. From the front door you will enter the living room which has a kitchen behind a breakfast bar. The bathroom has a bathtub and washing machine. At the back you have a bedroom with built-in wardrobes. From the bedroom you have access to a small covered terrace which works wonderfully as a utility space. Torrevieja centre and its beaches are only some 1.5 km away.
Note! No community fees, property tax only 144.38 euros per year.
Note! No community fees, property tax only 144.38 euros per year.
Property Features
- 1 bedroom
- 1 bathroom
- 43m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,900€
Final Payment of 90% on completion
80,100€
Property Purchase Expenses
Property price
89,000€
Transfer tax 8%
7,120€
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.