3 bedroom Apartment for sale

3 bedroom Apartment for sale

Torremolinos, Málaga
220,000
 
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
  • 3 bedroom Apartment for sale
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Apartment for Sale – Renovation Opportunity

An excellent opportunity to acquire a three-bedroom, one-bathroom apartment situated on the fourth floor, offering significant potential for renovation and value enhancement.

The property requires full refurbishment, making it ideal for buyers seeking to personalise a home to their own specifications or investors looking for a promising project.

Conveniently located less than a 20-minute walk from the beach (approximately 7 minutes by car), the apartment also benefits from close proximity to local schools and parks. With easy access to the N-340, the property enjoys excellent connectivity, providing a short commute to Málaga and Málaga–Costa del Sol Airport.

A superb opportunity to create a family residence in a well-connected and desirable location.

Property Features

  • 3 bedrooms
  • 1 bathroom
  • 92m² Build size
  • Setting - Close To Port
  • Setting - Close To Shops
  • Setting - Close To Sea
  • Setting - Close To Town
  • Setting - Close To Schools
  • Setting - Close To Marina
  • Condition - Renovation Required
  • Views - Street
  • Utilities - Electricity
  • Category - Bargain
  • Category - Cheap

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,000€
Final Payment of 90% on completion
198,000€
 
Property Purchase Expenses
Property price
220,000€
Transfer tax 10%
22,000€
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:
220,000€
Deposit:
Interest Rate:
%
Period:
Mortgage Result

* 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.

Spanish Property News & Updates by Spain Property Portal.com

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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