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Ref: MLSC8497685
Property marketed by The Property Group
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Very large 5 bedroom apartment for sale in the center of Torrevieja The apartment lies on the first floor in a building without elevatorThe apartment offers a 275 sqm built surface and a 230 sqm useful surface It's distributed in 5 bedrooms, 2 bathrooms (on of them ensuite), 2 spacious living rooms and a large kitchen with access to a glazed-in terraceThere is a proyect to convert this apartment into 3 independent apartments, which makes this a great investment, either to rent them out or sell them seperatelyDo not miss the chance to buy this huge 5 bedroom apartment in the center of Torrevieja
Property Features
- 5 bedrooms
- 2 bathrooms
- 230m² Build size
- Entrance Hall
- Fireplace
- Independent kitchen
- Terrace
- White goods
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,900€
Final Payment of 90% on completion
269,100€
Property Purchase Expenses
Property price
299,000€
Transfer tax 8%
23,920€
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.