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Ref: AG19MLSC3165163
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A bright and spacious city apartment of 110 m² is for sale in the very heart of Torrevieja, on Calle San Pascual, 37. Located on the second floor, the apartment features five bedrooms, two modern bathrooms, and a 29 m² terrace adjacent to one of the bedrooms – perfect for enjoying morning sun or relaxing in the evening. The apartment was fully renovated in 2024, with a new kitchen, updated bathroom fixtures, and all cabinets and furniture brand new – ready to move in. Each door has a key lock with a reliable security system for comfort and safety. This apartment already generates stable income – four rooms are rented long-term with a monthly income of around €1900. The fifth room is currently available (previously used as a showroom) and ready for rent, making this property ideal both for family living and as an investment with immediate returns. The location is perfect: shops, cafes, pharmacies, and public transport are all within walking distance, offering the convenience and vibrant atmosphere of city living.
Property Features
- 5 bedrooms
- 2 bathrooms
- 110m² Build size
- Aircondition, Split system
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,000€
Final Payment of 90% on completion
162,000€
Property Purchase Expenses
Property price
180,000€
Transfer tax 8%
14,400€
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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