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Charming ground floor apartment for sale in the popular residential area Rocío del Mar, in Punta Prima, Torrevieja, just 40 metres from the sea and 70 metres from the well-known Nautilus restaurant.The property features 1 bedroom, a fully renovated bathroom and kitchen, and is sold furnished, ready to move in. It includes ceiling fans for year-round comfort.Enjoy peaceful moments on the private terrace, and take advantage of the well-maintained communal garden and communal solarium with sea views.An ideal home for both permanent living and holidays, located in one of the most desirable areas of the Costa Blanca.A great opportunity to live by the sea in a well-established and quiet urbanization.Floor: 0 out of 3SUMA/IBI (property tax): 104 € per yearCOMUNIDAD (Association fee) : 30 € per month
Property Features
- 1 bedroom
- 1 bathroom
- Terrace
- Electricity
- garden
- Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,900€
Final Payment of 90% on completion
143,100€
Property Purchase Expenses
Property price
159,000€
Transfer tax 8%
12,720€
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.