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Ref: TAP383
Property marketed by Competa Properties S.L.

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If you're searching for a centrally located apartment in the vibrant town of Torrox, this is an opportunity not to be missed. Ideally situated just steps away from shops, restaurants, bars, banks, and a multilevel car park, this spacious first-floor apartment offers both convenience and potential.
Set within a small residential block, the property features a generous kitchen with a dedicated laundry area and pantry. A hallway from the main entrance leads to a bright and comfortable living room. The apartment boasts three spacious bedrooms, two of which have balconies that offer charming views over the town. A family bathroom is conveniently positioned between the bedrooms.
With some renovation, this apartment could become a fantastic holiday home or a lucrative rental investment thanks to its prime location and ample living space.
Set within a small residential block, the property features a generous kitchen with a dedicated laundry area and pantry. A hallway from the main entrance leads to a bright and comfortable living room. The apartment boasts three spacious bedrooms, two of which have balconies that offer charming views over the town. A family bathroom is conveniently positioned between the bedrooms.
With some renovation, this apartment could become a fantastic holiday home or a lucrative rental investment thanks to its prime location and ample living space.
Property Features
- 3 bedrooms
- 1 bathroom
- 81m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,700€
Final Payment of 90% on completion
141,300€
Property Purchase Expenses
Property price
157,000€
Transfer tax 10%
15,700€
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.