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Ref: W-02UOIA
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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First floor apartment of a three-story building in the center of Torrevieja and just 300 meters from the natural pools. It is an apartment of approximately 90 m2, with four bedrooms and two bathrooms in a building with an elevator built in 1989. It has a living room with a balcony and a fully furnished independent kitchen with appliances. The bedrooms all have windows and built-in wardrobes. Due to its location and price, it is an excellent investment both for rent and for a regular or vacation home.
Property Features
- 4 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,000€
Final Payment of 90% on completion
126,000€
Property Purchase Expenses
Property price
140,000€
Transfer tax 8%
11,200€
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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