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Ref: 10280
Property marketed by Inmo Investments
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This newly refurbished residence, presented in pristine condition, boasts top-quality finishes, fully furnished and equipped with brand-new appliances and furniture. The semi-detached house is a few metres from the renowned Pink Lagoon in Torrevieja.It features 3 bedrooms and 2 bathrooms, along with a spacious living-dining area, a terrace, and an extensive solarium. Unique in its offering, the property has independent access from two streets.Ideal for investors, the property comes with a turnkey solution including management of holiday rentals (already possessing an approved tourist license), providing a hands-off investment experience.
Property Features
- 3 bedrooms
- 2 bathrooms
- 75m² Build size
- 90m² Plot size
- Garden
- No pool
- Terrace
- Air conditioning
- One level
- Rental Potential
- Furnished
- Investment
EPC Rating
Energy Rating Scale |
---|
A |
B |
C |
D |
E |
F |
G |
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,900€
Final Payment of 90% on completion
107,100€
Property Purchase Expenses
Property price
119,000€
Transfer tax 8%
9,520€
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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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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.