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Ref: MLSC8399590
Property marketed by The Property Group
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2-bedroom ground-floor apartment for renovation in Torrevieja An excellent investment opportunity on the ground floor with a private entrance, ideal for both a primary residence and a vacation rental project The property has 75 m² of floor space and currently features two bedrooms, with the potential to easily add a third bedroom as needed It also includes a full bathroom As this is a home in need of renovation, it presents a magnificent opportunity to design a modern and functional space from scratch, increasing its value from the very start Its separate entrance provides convenience, privacy, and a highly valued added attraction Furthermore, there is the possibility of obtaining a tourist license without any issues, making it a particularly attractive option for investors seeking profitability in a high-demand area LOCATION: Torrevieja is in the province of Alicante (Costa Blanca) It is famous for its Mediterranean climate and its coast We cannot forget its promenades where we can find some restaurants along the fine sandy beaches It also has many excellent beaches such as Playa de los Náufragos (2 km away), Playa de los Locos (2 km away) and Playa de la Mata (4 km away) Therefore, it is considered a remarkable tourist town where the environment takes an important place as an important tourist attraction In addition, we can find many shopping centres (Habaneras, La Zenia Boulevard), golf courses, sport centres, hospitals (such as Hospital Universitario de Torrevieja) and airports such as Alicante Airport (35 km away) and Region of Murcia International Airport (43 km away) DISTANCE TO THE SEA: 500m Should you have any question do not hesitate to contact us!
Property Features
- 2 bedrooms
- 1 bathroom
- 75m² Build size
- Views-City
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,000€
Final Payment of 90% on completion
99,000€
Property Purchase Expenses
Property price
110,000€
Transfer tax 8%
8,800€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.



