1 bedroom Apartment for sale

1 bedroom Apartment for sale

Finestrat, Alicante
195,000
 
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
  • 1 bedroom Apartment for sale
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Ref: M292781
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**Investor’s Dream - Renovation Opportunity with Incredible ROI Potential!**This **corner 1-bedroom apartment** with a **communal pool** and **breathtaking sea views** is an ideal investment property waiting for a renovation. Situated just **50 metres from the beach** in Cala de Finestrat, this apartment offers incredible potential to modernize and capitalize on its prime location.Whether you’re looking for a year-round residence, a charming holiday home, or a profitable rental investment, this property offers endless possibilities. With some updates, you can easily transform it into a comfortable full-time home, a serene seasonal retreat, or a stylish rental that could generate significant returns.Located on the **4th floor**, the apartment features a **spacious double bedroom** with built-in wardrobes, a **family bathroom**, an **open-plan American kitchen**, and a **bright living/dining area** leading to a **year-round terrace** with stunning sea views. The corner positioning provides an additional side terrace, perfect for extra storage, a laundry area, or to enhance the living space.The apartment already includes **hot & cold air conditioning**, **satellite TV**, **landline**, and **broadband** - all ready to go. The urbanization is equipped with **two lifts**, a **communal pool** with a shower, and a **large south-facing sun terrace** to soak up the sun year-round. Only steps away from **Cala de Finestrat's beach**, the apartment is within walking distance to essential amenities like shops, bars, restaurants, supermarkets, a pharmacy, bakery, bank, and bus stops. Community Fees: €650 for 6 months This includes water (as the apartments do not have individual water meters, it’s a fixed rate of approximately €35 per month).Basura (Waste Collection): €105 per year.Don’t miss out on this **fantastic investment opportunity** to achieve an excellent return on investment in a highly sought-after location!

Property Features

  • View Video Tour
  • 1 bedroom
  • 1 bathroom
  • Elevator/Lift
  • Air Conditioning: Yes
  • Terrace: Yes
  • X

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,500€
Final Payment of 90% on completion
175,500€
 
Property Purchase Expenses
Property price
195,000€
Transfer tax 8%
15,600€
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.

Mortgage Calculator

Mortgage Amount:
195,000€
Deposit:
Interest Rate:
%
Period:
Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

Spanish Property News & Updates by Spain Property Portal.com

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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