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Superb bungalow in Lo Crispin - AlgorfaWe offer this superb renovated detached bungalow located in Lo Crispin, AlgorfaIt's like new, renovated inside and outside, and has the great advantage of being available immediatelyIt consists of two bedrooms and a bathroom on one level, with no steps inside the houseThe only steps lead you to the solarium where you can enjoy the sunAir conditioning in all rooms, a fully equipped kitchen, and built-in wardrobes in the two bedrooms are also available The property also offers many other amenities to discover on-siteThe development has a communal pool; you also have the option of adding your own private pool to your plot if you wishViewings are possible from October 7thLO CRSIPIN - ALGORFALo Crispin is a residential neighborhood located in Algorfa, in the southern part of the province of Alicante, in the Vega Baja regionIt is a popular destination for Europeans, attracted by the surrounding nature, particularly the farmland and ecological trailsThe urban renewal project has transformed the neighborhood, creating modern apartments with spacious terraces The beaches of Torrevieja, La Mata, and Guardamar del Segura are just a few minutes' drive away Numerous golf courses, such as La Marquesa, La Finca, and Vistabella, are accessible in less than 10 minutes by carWell connected by the AP7 motorway, Alicante International Airport is only 30 minutes away
Property Features
- 2 bedrooms
- 1 bathroom
- 79m² Build size
- 209m² Plot size
- Double Bedrooms: 3
- Garden
- Key Ready
- Parking
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,500€
Final Payment of 90% on completion
202,500€
Property Purchase Expenses
Property price
225,000€
Transfer tax 8%
18,000€
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.