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Spacious 4-Bedroom Apartment in the Heart of Altea – Incredible Investment Opportunity!Located just steps from the stunning beaches of Altea, this expansive 4-bedroom, 3-bathroom apartment is a rare find with endless potential. Situated on the 3rd floor of a building with an elevator, this property combines size, location, and incredible investment value. Originally two separate apartments, they have been seamlessly combined into one massive space, offering over 200m² of living area. Whether you choose to restore it to its original two-apartment configuration or keep it as one large, open-plan living space, the possibilities are yours to explore.The apartment features:4 spacious bedrooms 3 bathrooms 2 large living rooms 1 fully-equipped kitchen 2 utility rooms A sea view from the open balconyWhile the apartment does need some renovation, it offers a tremendous opportunity for those looking to create a customized home in a prime location. The expansive layout makes it perfect for a large family, a luxury vacation rental, or even as two separate units for rental income.Key Highlights: Prime location – just across from Altea’s picturesque beaches-Sea views from the living room and bedroom balcony-Huge investment potential – transform this property into your dream home or capitalize on the market by renovating and rentingThis is a unique chance to own a spacious property in one of the most sought-after locations on the Costa Blanca. Don’t miss out on making this exceptional apartment yours! Contact us today for more details or to arrange a viewing.
Property Features
- 4 bedrooms
- 3 bathrooms
- 230m² Build size
- Elevator
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
29,000€
Final Payment of 90% on completion
288,000€
Property Purchase Expenses
Property price
320,000€
Transfer tax 8%
25,600€
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.
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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.