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Ref: EMA4333S
Property marketed by España Dream Properties
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In the sought-after area of Los Frutales, Torrevieja, we present this bright studio with terrace, an ideal opportunity for those looking for a functional, well-located property with great potential both as a holiday home and as an investment.The property offers a built area of 31 m², intelligently designed to make the most of every square meter, providing an open and practical space that ensures comfort and versatility in daily living. Its pleasant terrace extends the living area outdoors, creating the perfect spot to enjoy the Mediterranean climate all year round.The property enjoys a privileged location with easy access to supermarkets, shops, public transport, and all essential services. The beaches of Torrevieja are just a few minutes away, further enhancing its appeal as a second home or rental investment.An excellent opportunity to acquire a compact, well-located property in one of the most established and in-demand areas of the Costa Blanca.Year of construction: 1988Floor: 1SUMA/IBI (property tax): 100 € per yearCOMUNIDAD (Association fee) : 40 € per month
Property Features
- 1 bedroom
- 1 bathroom
- Lift
- Terrace
- Electricity
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,390€
Final Payment of 90% on completion
75,510€
Property Purchase Expenses
Property price
83,900€
Transfer tax 8%
6,712€
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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