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Ref: W-02TO75
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Spectacular apartment built in 1980 and measuring 86m2, in the “El Palmeral” urbanization, is located in a privileged area of Torrevieja. This residential “El Palmeral de Torrevieja” is located on the first line of “Los Locos” beach and has beautiful green areas, gardens, tennis courts, a children's area and a large community pool. The apartment is located on the sixth floor of a seven-story building and consists of a spacious living-dining room with a fully equipped American kitchen, 2 bedrooms with built-in wardrobes, 1 bathroom and what is most impressive about this property is its terrace. With clear views of the sea. The house is a few meters from Los locos beach, several restaurants and cafes, pharmacies, shops. The apartment has the possibility of acquiring an underground parking space within the same community.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
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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