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Ref: AG19MLSC8392412
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Prime Investment Opportunity Near PLAYA DE LOS LOCOS, TorreviejaWelcome to an exceptional investment prospect offering versatility and coastal charm. This 4-bedroom ground floor apartment, ideally positioned a mere 150 meters from the stunning PLAYA DE LOS LOCOS in Torrevieja, presents an enticing canvas for potential growth.Property Highlights:Potential for Transformation: Embrace the opportunity to renovate this spacious property or convert it into two separate apartments, maximizing its potential for rental income or multifamily living.Unbeatable Location: Situated a stone's throw away from PLAYA DE LOS LOCOS, residents enjoy convenient access to the beach's serenity and beauty. Moreover, essential amenities including pharmacies, supermarkets, bars, and restaurants are mere steps away, ensuring a comfortable and vibrant lifestyle.Urban Convenience: With the heart of Torrevieja just a leisurely 15-20 minute stroll away, residents benefit from the tranquillity of a coastal setting paired with easy access to the city centre's bustling attractions.Don't Miss This Opportunity: Explore the endless possibilities this property offers and seize the chance to craft your ideal seaside retreat or investment venture.
Property Features
- 4 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
13,900€
Final Payment of 90% on completion
152,100€
Property Purchase Expenses
Property price
169,000€
Transfer tax 8%
13,520€
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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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%.
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.