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Ref: W-02Y2NR
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Exclusive 260 m² apartment on the frontline of Los Locos Beach. We present a unique property in a private, gated residential complex surrounded by green areas and with direct access to the sea. Located on the 4th floor of a 7-storey building, this spacious apartment offers privileged views and an ideal space both for living and for holiday stays. It features 5 bedrooms, 2 living rooms, an open-plan kitchen, 2 bathrooms (one en suite) and a private sauna. It also includes 2 underground parking spaces, a valuable asset in the area. The residential complex stands out for its excellent facilities: a large communal pool, tennis courts and extensive common areas to enjoy the climate and the tranquility of the surroundings. The location is unbeatable: just a few steps from large supermarkets, restaurants, bars, pharmacies, hairdressers, 24-hour shops, banks, a church and all essential services. An exceptional property in one of the most sought-after areas of Torrevieja.
Property Features
- 5 bedrooms
- 3 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
54,500€
Final Payment of 90% on completion
517,500€
Property Purchase Expenses
Property price
575,000€
Transfer tax 8%
46,000€
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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