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Ref: AG19146014
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Investment Opportunity in Torrevieja, Aguas NuevasPrice: €175,000Discover potential in this semidetached property nestled in the sought-after area of Torrevieja, Aguas Nuevas. While this property presents an excellent investment opportunity, please note that it is currently occupied by squatters, hindering physical visits. As a result, we are unable to provide insights into the interior condition of the property.Property Highlights:Location: Situated in the desirable area of Aguas Nuevas, this property boasts proximity to various amenities, including shops, restaurants, schools, and beautiful beaches.Investment Potential: With some vision and investment, this property could yield lucrative returns. Whether you're looking to renovate and resell or generate rental income, this property holds promise for various investment strategies.Semidetached Design: Offering the privacy of a detached home while retaining the affordability of a semidetached property, this residence presents an attractive option for buyers seeking space and independence.Please Note:Squatter Occupancy: Due to the presence of squatters, visits to the property's interior are not feasible at this time. As such, prospective buyers should conduct thorough due diligence and seek legal advice regarding the eviction process before proceeding with any purchase.Interior Condition: As we are unable to assess the condition of the interior, the property is being sold in its current state.Don't miss out on this rare investment opportunity in Torrevieja's Aguas Nuevas neighborhood. Contact us today to learn more about this property and explore its potential!
Property Features
- 0 bedrooms
- 0 bathrooms
- 101m² Build size
- 586m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,500€
Final Payment of 90% on completion
157,500€
Property Purchase Expenses
Property price
175,000€
Transfer tax 8%
14,000€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.