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Ref: EMA3711N
Property marketed by España Dream Properties

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Ground Floor Apartment for Renovation in the Heart of Torrevieja – Steps from Plaza de la Constitución~~Are you looking for a property with potential in an unbeatable location? This ground floor apartment, located in the heart of Torrevieja, just a few meters from the iconic Plaza de la Constitución, offers you the opportunity to create the home you've always dreamed of.~~Main Features:~~Central location, surrounded by all amenities, shops, restaurants, public transportation, and just steps from the seafront promenade.~~2 spacious double bedrooms with many layout possibilities.~~Main living room, with enough space to create a comfortable seating area.~~Space for a future separate kitchen, ideal for designing to your liking.~~1 full bathroom with bathtub.~~Private backyard, perfect for family enjoyment, setting up a relaxation area, barbecue, or even a small interior garden.~~This apartment is in need of renovation, ideal for those who want to personalize every corner and increase its value with a custom renovation.~~Excellent as a first home, for seniors looking to avoid stairs, or as an investment due to its high demand in the downtown area.~~Contact us for more information or to schedule a no-obligation showing.
Property Features
- 3 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,450€
Final Payment of 90% on completion
103,050€
Property Purchase Expenses
Property price
114,500€
Transfer tax 8%
9,160€
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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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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.