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Ref: 12030
Property marketed by Cabanyal Estate
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Incredible opportunity to acquire a property in the maritime neighborhood of Malvarrosa!
We present this magnificent apartment located just 500 meters away from both the beach and universities.
This apartment is located on the ground floor and has an area of 87m2. Its distribution is simply perfect, since it has a living room with integrated and fully equipped kitchen, 3 bedrooms (two of them double and one single) and 2 bathrooms.
One of the great advantages of this property is that it has a tourist license, which makes it an excellent investment. You will be able to take advantage of the demand for vacation rentals and obtain an additional economic return.
In addition, this apartment has been renovated in the year 2022, so it offers a modern and updated look. It is equipped with air conditioning and double glazing, which guarantees a cool and quiet atmosphere throughout the year. In addition, it should be noted that the house is adapted for people with reduced mobility, providing accessibility and comfort for all.
Do not miss the opportunity to live in one of the most desired areas of Valencia. This apartment is ideal both for those looking for their permanent home and for those investors who wish to make their investment profitable through tourist rental.
Contact us now and discover everything this wonderful property has to offer! Do not miss this unique opportunity!
Property Features
- View Virtual Tour
- 3 bedrooms
- 2 bathrooms
- 87m² Build size
- air conditioning yes
- furnished
- construction year: 2004
- orientation: Sur
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 10%
32,000€
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.