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Ref: AG19MLSC7033668
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A one-bedroom apartment with a glazed balcony is for sale on Orihuela Street, 60 — right in the heart of Torrevieja. The vibrant city center, everything is nearby: supermarkets, bus stops, a school, the town hall, and the marina. Distance to the sea and beach — only 550 meters in a straight line. The apartment is located on the 2nd floor of a building constructed in 1995, with an elevator and intercom. The windows face southwest, making the apartment bright and dry. Total area — 47 m². Includes an entrance hall, living room with balcony, American-style kitchen, bedroom, and a full bathroom. Sold furnished and with household appliances. Move-in ready.
Property Features
- 1 bedroom
- 1 bathroom
- 47m² Build size
- Solarium
- Near bus route
- Aircondition, Split system
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,700€
Final Payment of 90% on completion
96,300€
Property Purchase Expenses
Property price
107,000€
Transfer tax 8%
8,560€
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.