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Ref: M293496
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Apartment Near the Sea - Great Investment Opportunity! Spacious 5th-floor apartment, just 140 meters from Los Locos Beach. Located on the second line, it offers a peaceful environment with all city amenities within reach. Main Features: ???? 80 m² of living space, perfect for comfortable living. ???? 3 bedrooms, ideal for families or investment. ???? 1 bathroom. ???? Separate kitchen for added convenience. ???? In need of renovation, offering great customization potential. ???? Building from 1980, 5th floor. ???? Prime Location: Only 140 meters from the beach - just a 2-minute walk! Close to shops, restaurants, and public transport. ???? Great investment option - Suitable for both permanent living and tourist rental (entire apartment or by room) to maximize profit. Don't miss this opportunity in one of Torrevieja’s best areas! ????
Property Features
- 3 bedrooms
- 1 bathroom
- 80m² Build size
- Double Bedrooms: 3
- Useable Build Space: 75 Msq.
- Elevator/Lift
- Beach: 140 Meters
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,490€
Final Payment of 90% on completion
121,410€
Property Purchase Expenses
Property price
134,900€
Transfer tax 8%
10,792€
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.