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Ref: W-02V62E
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Property in the centre of Torrevieja, 125 m2, with 3 bedrooms and 2 bathrooms, one of them with bathroom en suite. With large living room with access to the terrace and separate kitchen, fully furnished and equipped with appliances. The property is located on the first floor of a 4-storey building built in 2007. It has a private parking space included in the price. The flat is sold unfurnished and does not require refurbishment. It is very well maintained, built with quality materials and wooden floors. It is located within walking distance to the central church square and the port of Torrevieja and is surrounded by all the necessary services.
Property Features
- 3 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,500€
Final Payment of 90% on completion
166,500€
Property Purchase Expenses
Property price
185,000€
Transfer tax 8%
14,800€
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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