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Property marketed by The Property Group
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Unique opportunity on the Costa Blanca! For sale: top-floor bungalow in the quiet residential area of Torretas (Torrevieja), in good condition and with an east-facing orientation, ensuring natural light and a warm atmosphere throughout the day The property offers 68 m² usable space (7498 m² built) distributed across: 2 spacious bedrooms 1 full bathroom Bright living-dining room Fully equipped kitchen Sunny terrace, perfect for relaxing Residents can also enjoy a beautiful communal swimming pool, well-kept common areas and plenty of free street parking always available With low community fees, this home is ideal as a permanent residence, a holiday retreat or a rental investment ???? Excellent value for money in one of Torrevieja's most desirable areas Ready to move into and enjoy the Mediterranean lifestyle!
Property Features
- 2 bedrooms
- 1 bathroom
- 75m² Build size
- TV and telephone connections
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,499€
Final Payment of 90% on completion
112,491€
Property Purchase Expenses
Property price
124,990€
Transfer tax 8%
9,999€
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.