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Ref: kf103186216712374592
Property marketed by Spanish Best Homes 2010, s.l.
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This 2 Bedrooms, 1 Bathroom Ground floor Apartment is located in Torrevieja, close to the Park of Nations and only a 5min to the Marina. The property is currently being used as a Holiday Rental as it has its own Tourist License so an ideal investment property. You enter the Apartment Block through a large hallway and the property is situated on the left, the property consists of 2 bedrooms, bathroom, kitchen, spacious lounge and enclosed front terrace which overlooks the communal pool area. For more information or to arrange a viewing Contact us today!
Property Features
- 2 bedrooms
- 1 bathroom
- 70m² Build size
- 70m² Plot size
- Swimming Pool
- Garage
- Garden
- 1 Pool
- Terrace
- Basement
- Air Conditioner
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,000€
Final Payment of 90% on completion
89,996€
Property Purchase Expenses
Property price
99,995€
Transfer tax 8%
8,000€
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.