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Ref: kf10353677851777888
Property marketed by Spanish Best Homes 2010, s.l.
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Renovation project in El Chaparral Torrevieja For sale: an interesting renovation project in the sought-after El Chaparral neighborhood of Torrevieja . The house features 3 bedrooms and 1 bathroom and sits on a spacious 800 m² plot , offering numerous possibilities for expansion and development. The location is ideal: restaurants, shops, and other amenities are easily accessible. A regular bus service connects the city center with the surrounding areas, and a beautiful park , perfect for relaxing, is nearby. Torrevieja's beaches are just 5 km away. An ideal project for those looking for a home to renovate completely to their own taste, whether as a primary residence, second home, or investment property. For information about it, please fill the form you can find in this page.
Property Features
- 3 bedrooms
- 1 bathroom
- 140m² Build size
- 800m² Plot size
- Swimming Pool
- Garage
- Garden
- 0 Pool
- Terrace
- Basement
- Air Conditioner
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
30,000€
Final Payment of 90% on completion
297,000€
Property Purchase Expenses
Property price
330,000€
Transfer tax 8%
26,400€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.



