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Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Newly built building, in an excellent location in the center of Torrevieja. 17 homes spread over 5 floors and a penthouse with a community pool on the roof of the building. It is a ground floor with 2 bedroom, with a built-in wardrobe and finished with drawers and shelves. 2 Bathrooms with white vitrified porcelain toilets. Built-in resin shower tray, glass screen, single-lever taps. Bathroom furniture with mirror and underfloor heating. Interior paint finish in smooth white. Television sockets in living room and bedroom. Telephony in living room and main room. Cable telecommunications terrestrial TV and satellite dish. Video intercom. Pre-installation of air conditioning and heating. Renewable energy system for domestic hot water with high energy savings through aerothermal energy with accumulator. Kitchen furnished with high and low furniture, laminate finishes and Silestone or similar resin countertop, drawers with self-locking. Climalit type double glazing. Armored security entrance door.
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
21,900€
Final Payment of 90% on completion
224,100€
Property Purchase Expenses
Property price
249,000€
Transfer tax 8%
19,920€
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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