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Ref: AG19MLSC2679611
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Charming Investment Property: 2 Renovated Apartments Near the Beach i. Ideal investment opportunity in Benidorm!This 90&8239;m² property, located on the 2nd floor of a building on Avenida Jaime I, is divided into two fully independent and recently renovated 1-bedroom apartments. Each unit features a modern open-plan kitchen, air conditioning, one bedroom, one bathroom, and a cozy living area.Just a 5-minute walk from the beach, this location is perfect for holiday rentals and is currently generating high returns with year-round occupancy. One of the apartments faces the staircase and patio, and comes fully equipped and ready for continued use as a vacation rental. Don’t miss out on this turnkey income-generating opportunity in one of Costa Blanca’s most desirable locations.
Property Features
- 2 bedrooms
- 2 bathrooms
- 90m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
20,000€
Final Payment of 90% on completion
207,000€
Property Purchase Expenses
Property price
230,000€
Transfer tax 8%
18,400€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.