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Ref: MLSC5731162
Property marketed by The Property Group
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Cosy 1 bedroom flat totally renovated in an excellent area PROPERTY: (REF:VD62) We present this magnificent opportunity: a 1 bedroom flat, completely renovated with high quality materials, located in one of the most attractive areas of the city The flat has a functional and modern layout: bright living-dining room, fully equipped kitchen with new appliances, one bedroom and one bathroom Located in a quiet and well communicated area, surrounded by all services: supermarkets, restaurants, public transport, green areas and leisure centres Ideal both as a first home and as an investment due to its high profitability Ready to move in! Do not miss the opportunity to visit it LOCATION: Torrevieja is in the province of Alicante (Costa Blanca) It is famous for its Mediterranean climate and its coast We cannot forget its promenades where we can find some restaurants along the fine sandy beaches It also has many excellent beaches such as Playa de los Náufragos (2 km away), Playa de los Locos (2 km away) and Playa de la Mata (4 km away) Therefore, it is considered a remarkable tourist town where the environment takes an important place as an important tourist attraction In addition, we can find many shopping centres (Habaneras, La Zenia Boulevard), golf courses, sport centres, hospitals (such as Hospital Universitario de Torrevieja) and airports such as Alicante Airport (35 km away) and Region of Murcia International Airport (43 km away) DISTANCE TO THE SEA: 500m COMUNITY: 220 € IBI: 107 € Should you have any question do not hesitate to contact us!
Property Features
- 1 bedroom
- 1 bathroom
- 42m² Build size
- Partially furnished
- Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,450€
Final Payment of 90% on completion
76,050€
Property Purchase Expenses
Property price
84,500€
Transfer tax 8%
6,760€
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.