Make an Enquiry About This Property
Ref: MLSC8773553
Property marketed by The Property Group
Your Name:
Email Address:
Telephone Nº:
By checking this box, we will pass your query on to up to five other Estate Agents who have similar properties to this.
How can we help you?:
Plot with house to renovate A GREAT OPPORTUNITY FOR INVESTORS in Torrevieja An excellent investment opportunity with multiple development possibilities This property stands out both for its potential for comprehensive renovation and for the option of new construction, allowing for the building of a structure with up to five floors and a total of ten dwellings, each approximately 80 m², without the need for parking, which facilitates and optimises the project Currently, the property is distributed over the ground floor with three bedrooms, a living-dining room, a bathroom and a separate kitchen with a utility room, from which there is access to an interior courtyard From this courtyard there is access to an additional room, ideal as an auxiliary or storage space The property also has a walkable roof terrace, where there are two separate studios, adding value for both rental and private use There is space on the plot for parking up to two vehicles, an extra point of convenience and functionality LOCATION: Torrevieja is in the province of Alicante (Costa Blanca) It is famous for its Mediterranean climate and its coast We cannot forget its promenades where we can find some restaurants along the fine sandy beaches It also has many excellent beaches such as Playa de los Náufragos, Playa de los Locos and Playa de la Mata Therefore, it is considered a remarkable tourist town where the environment takes an important place as an important tourist attraction In addition, we can find many shopping centres (Habaneras, La Zenia Boulevard), golf courses, sport centres, hospitals (such as Hospital Universitario de Torrevieja) and airports such as Alicante Airport (35 km away) and Region of Murcia International Airport (43 km away) DISTANCE TO THE SEA: 300m Should you have any question do not hesitate to contact us!
Property Features
- 3 bedrooms
- 1 bathroom
- 200m² Build size
- 220m² Plot size
- terrace
- Patio
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
25,000€
Final Payment of 90% on completion
252,000€
Property Purchase Expenses
Property price
280,000€
Transfer tax 8%
22,400€
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.
Mortgage Calculator
Similar Properties
Spanish Property News & Updates by Spain Property Portal.com
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.























