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Ref: EYSH6970V
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Cozy studio for sale in the El Acequión area, Torrevieja, a quiet and well-connected location just minutes from the beach and surrounded by all necessary services.The property has 32 m², practically and functionally laid out, with a resting area, integrated kitchen, full bathroom, and a bright atmosphere thanks to its west-facing orientation, ideal for enjoying the afternoon sun.It is sold furnished and equipped with air conditioning, ready to move in without the need for renovations. The building has an elevator, making it a comfortable and accessible option.Perfect as a permanent residence, holiday apartment, or investment for tourist rental, this studio combines location, comfort, and a very attractive price on the Costa Blanca.
Property Features
- 0 bedrooms
- 1 bathroom
- aire acondicionado
- ascensor
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,000€
Final Payment of 90% on completion
71,996€
Property Purchase Expenses
Property price
79,995€
Transfer tax 8%
6,400€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.