7 bedroom Villa for sale in Torrevieja, Alicante, Spain

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Ref: W-0481YT

Property marketed by Engel & Voelkers Torrevieja - Orihuela

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Exclusive luxury villa in Los Balcones with unbeatable location and spectacular views, built in 2008, with a total of 900 m² over 4 levels on a plot of 800 m². It consists of a total of 7 bedrooms, 7 bathrooms (3 en suite), 2 high-end kitchens, a large living room with panoramic windows. Outdoor pool of 200 m², and indoor pool with saltwater jacuzzi, billiard room, work areas, garage for 8 cars. Built with 65 cm thick walls, underfloor heating, central vacuum system, security cameras, and automatic anti-theft blinds. Every detail designed for maximum comfort and exclusive lifestyle. Sold partially furnished.

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Property Features

7 bedrooms
7 bathrooms
Swimming Pool

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

177,000€

Final Payment of 90% on completion

1,620,000€

Property Purchase Expenses

Property price

1,800,000€

Transfer tax 8%

144,000€

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.

Mortgage Calculator

Mortgage Amount:

1,800,000€

Deposit:

€

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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.