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Ref: AG19MLSC6737394
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Located on a large plot in the sought-after area of El Chaparral, this 140 m² villa presents a fantastic opportunity to renovate, extend, or redevelop in one of Torrevieja’s most attractive and well-connected neighbourhoods.The existing property offers 3 bedrooms and 1 bathroom and requires renovation, making it an ideal blank canvas for buyers looking to create a bespoke family home or a high-potential investment. The generous plot size provides excellent flexibility and future possibilities.There is potential to build two separate dwellings, each measuring 140 m², making this an especially attractive option for developers, investors, or those seeking a dual-living or rental income opportunity.Set in a beautiful, established residential area, the villa is within walking distance of bars, restaurants, shops, and the famous El Chaparral skate park, offering a perfect blend of lifestyle, convenience, and long-term value.Key features:140 m² villa3 bedrooms, 1 bathroomLarge plotRenovation project with excellent potentialPossibility to create two separate 140 m² homesWalking distance to amenities and skate parkPrime El Chaparral location, TorreviejaThis is a rare opportunity to secure a substantial plot with significant development potential in a desirable Costa Blanca location.
Property Features
- 3 bedrooms
- 1 bathroom
- 140m² Build size
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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