Villa for sale

Villa for sale

Torrevieja, Alicante
745,000
 
1 / 0

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Ref: SV5224
Property marketed by Signature Villas SL Signature Villas SL
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Unique plot with sea views in Racó del Galeno
This spacious 1,423 m² plot is located in the exclusive and modern urbanisation Racó del Galeno. It offers breathtaking panoramic views over the Mediterranean Sea, from Cap d'Or in Moraira to beyond the iconic Peñón de Ifach in Calpe. Thanks to its south-east orientation, you will enjoy optimal light and stunning sunrises here.
The plot currently houses a traditional villa with a built-up area of 117 m². There are three interesting development possibilities for this property:
1. Renovation - You can refresh the existing property and quickly enjoy your own place in a prime location.
2. Integral renovation extension - A basic and implementation project is already available, which will allow you to completely transform the property into a modern Ibiza-style villa with Mediterranean charm. The renders and plans illustrate this option.
3. New construction - You can choose to demolish the current property and create a completely new, large luxurious villa, completely according to your own wishes and style.
The location is ideal: just 5 minutes' drive from the picturesque coastline of Benissa and 10 minutes from the lively centre of Calpe, with its extensive amenities, beaches and restaurants, you have everything at your fingertips here.
More information or a viewing by appointment.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 117m² Build size
  • 1,423m² Plot size
  • newly built

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
71,500€
Final Payment of 90% on completion
670,500€
 
Property Purchase Expenses
Property price
745,000€
Transfer tax 8%
59,600€
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.

Mortgage Calculator

Mortgage Amount:
745,000€
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Interest Rate:
%
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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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