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Ref: MLSC6995167
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Renovated first floor apartment in "Residencial El Paraiso" situated in Torrevieja, Alicante only a few meters from Playa de los Náufragos, and within walking distance to several supermarkets, cafes and restaurants, pharmacy and best of allat 300 metres from the beachThis fantastic renovated apartment has a cosy lounge/dining room with an integrated kitchen, air conditioning, two double bedrooms and one bathroom with bathtub The gated urbanization has several green areas with swimming poolIt is a unique opportunity, since the property is advertised at market price but without having to update it in any way, ready to move into
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- 70m² Plot size
- Laundry Room
- Near schools
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,000€
Final Payment of 90% on completion
125,996€
Property Purchase Expenses
Property price
139,995€
Transfer tax 8%
11,200€
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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