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Ref: AG19MLSC872226
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Located in the heart of Torrevieja, this spacious, renovated apartment presents an excellent opportunity for investors. With a constructed area of almost 130 m² and facing east, it offers five spacious, ideally distributed double bedrooms, as well as three bathrooms, ensuring comfort and functionality. Its strategic location, just 600 meters from the sea, ensures additional appeal for both permanent and temporary residents. In addition, it features outdoor terraces perfect for enjoying the Mediterranean climate and is surrounded by essential services: nearby public transportation, shopping centers, and schools within the immediate vicinity. Currently rented out by rooms, it generates a significant monthly income of approximately €1,900, thus offering attractive returns from day one. Don't miss this unique opportunity to invest in this established property in one of the most desirable destinations on the Spanish coast. Contact us for more information
Property Features
- 5 bedrooms
- 3 bathrooms
- 130m² Build size
- Veranda
- Near bus route
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,100€
Final Payment of 90% on completion
171,900€
Property Purchase Expenses
Property price
191,000€
Transfer tax 8%
15,280€
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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