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Ref: W-048963
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Spacious apartment for renovation in the heart of Torrevieja, located in a building from 1979. The property offers 141 sqm, distributed into three bedrooms, all exterior (one with balcony, walk-in wardrobe and en-suite bathroom), two bathrooms, balcony overlooking the Theatre Square and terrace with lateral views of the sea and the port. Situated on the fourth floor of a five-storey building, with southwest orientation. The property requires light renovation and is ideal for year-round living or as an excellent investment. Unbeatable location, in the most central and sought-after area of the city.
Property Features
- 3 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
27,000€
Final Payment of 90% on completion
270,000€
Property Purchase Expenses
Property price
300,000€
Transfer tax 8%
24,000€
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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