Land for sale

Land for sale

Torrevieja, Alicante
495,000
 
1 / 0

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Ref: AG19MLSC1753457
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We are proud to present this exceptional 970 m² building plot, located in the highly sought-after residential area of Los Balcones, Torrevieja. Set within a quiet, established neighborhood, this plot offers the perfect balance of peace, privacy, and proximity to all essential services, including supermarkets, restaurants, schools, and medical facilities.

With building permits already in place, the plot allows for the construction of up to 503 m², including a spacious 140 m² basement and garage. This gives you the freedom to create a bespoke villa that perfectly suits your lifestyle, whether you’re envisioning a modern family home, a luxurious holiday retreat, or a high-value investment property.

One of the standout features is the potential for panoramic views of the famous pink salt lake, offering a truly unique and picturesque backdrop from your future home.

Key Features

Plot size: 970 m²

Buildable area: 503 m² (including basement & garage of 140 m²)

Permits included – ready to start building

Located in a quiet, established residential neighborhood

Close to all services: shops, restaurants, schools, hospital

Potential for lake views

This is a rare opportunity to secure a prime plot with excellent potential in one of the most desirable areas of Torrevieja.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 970m² Plot size

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
46,500€
Final Payment of 90% on completion
445,500€
 
Property Purchase Expenses
Property price
495,000€
Transfer tax 8%
39,600€
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.

Mortgage Calculator

Mortgage Amount:
495,000€
Deposit:
Interest Rate:
%
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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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