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Ref: MM-20606
Property marketed by Sunland
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Discover this bright bungalow, located in a quiet residential community built in 1998. The house has two large bedrooms, a full bathroom, a fully equipped kitchen and a cozy living room with access to a terrace facing southeast. In addition, it has a covered solarium, ideal for enjoying the Mediterranean climate all year round. Privileged location: Located in the exclusive area of Punta Prima, surrounded by modern developments and with a high investment demand. Just 850 meters from the beach and a few minutes from the port of Torrevieja, where you will find a wide range of leisure, gastronomy and services. A perfect opportunity to live or invest on the Costa Blanca!
Property Features
- 2 bedrooms
- 1 bathroom
- 56m² Build size
- Swimming Pool
- Garden
- Terrace
- Solarium
- Communal swimming pool
- Distance to the sea
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,990€
Final Payment of 90% on completion
170,910€
Property Purchase Expenses
Property price
189,900€
Transfer tax 8%
15,192€
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.