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Ground Floor Apartment with Large Terrace in Los Balcones – Prime Location Near Hospital and the Sea Located in the sought-after Los Balcones residential area of Torrevieja, this ground floor apartment offers 51 sqm of living space and is the perfect opportunity for a holiday home, second residence, or investment property. It features 2 bedrooms, a bright living-dining area, an independent kitchen with access to a private back patio, and is ready to move in. The outdoor space is one of its greatest assets: a 25 sqm open terrace ideal for sunbathing or entertaining, and a 5.87 sqm covered terrace (porch-style) perfect for relaxing meals outdoors. The property also offers access to a well-maintained communal pool. Just 2 minutes' walk to Mercadona supermarket, 5 minutes' drive to Torrevieja University Hospital, and only 7 minutes from the beaches of Punta Prima and central Torrevieja. Surrounded by restaurants, bars, schools, bus stops, and within walking distance to the Los Balcones tennis courts. A rare find in a high-demand area – don't miss this unique opportunity!
Property Features
- 2 bedrooms
- 1 bathroom
- 51m² Build size
- Storage room
- Furnished
- Communal swimming pool
- Yard
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,000€
Final Payment of 90% on completion
108,000€
Property Purchase Expenses
Property price
120,000€
Transfer tax 8%
9,600€
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.
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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.