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???? Villa with great potential in Los Balcones – Torrevieja Located in the upper part of the exclusive Los Balcones area, this detached villa offers spaciousness, privacy, and excellent opportunity for personalization ???? The property sits on a 370 m² plot and has 160 m² built area spread over two floors ???? The ground floor is in need of complete renovation, giving you the opportunity to design it to your liking, whether as an additional space, guest area, or even as a separate living space ????? On the second floor, ready to move into, you will find: Entrance hall Spacious and bright living room Fully equipped separate kitchen 2 single bedrooms 2 full bathrooms ???? Upstairs, a private solarium ideal for relaxing and enjoying the Mediterranean climate ??????? The home also has its own pool, perfect for enjoying the summer, and a private garage for added convenience ???? A property with tons of potential, ideal for those looking for space, independence, and the ability to renovate to their liking in one of the most sought-after areas of Torrevieja ???? Los Balcones – Close to all amenities, green areas, and just a few minutes' drive from the beaches
Property Features
- 2 bedrooms
- 2 bathrooms
- 160m² Build size
- 370m² Plot size
- Entrance Hall
- Garden
- Patio
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
24,500€
Final Payment of 90% on completion
247,500€
Property Purchase Expenses
Property price
275,000€
Transfer tax 8%
22,000€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.