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In El Chaparral, a fully renovated single-storey bungalow, with planning permission confirmed by the Town Planning Department to build a second storey A property ready to move into, with interesting potential for extension and appreciation in value With a floor area of approximately 60 m2, the property was completely refurbished just three years ago, including the electrical and plumbing systems, flooring, windows, front door, smooth walls, a canopy, and kitchen and bathroom fittings, so it requires no further investment The layout is comfortable and functional It features a spacious entrance courtyard, a hall, a double bedroom with a walk-in wardrobe and natural skylight lighting, a spacious en-suite bathroom also with skylight lighting, a living room and a kitchen with space for a dining area It faces east and, on the upper floor, the spacious sun terrace offers unobstructed views and the potential to be transformed into a pleasant year-round chill-out space, with the option to build a second storey Situated in a quiet residential development (with no service charges), surrounded by gardens, it offers the tranquillity of a residential area without sacrificing proximity to supermarkets, parks, restaurants, public transport and all amenities Located in the El Chaparral area of Torrevieja, it is an excellent choice as a main residence, holiday home or investment property
Property Features
- 1 bedroom
- 1 bathroom
- 60m² Build size
- Washing machine
- Gym
- Solarium
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,990€
Final Payment of 90% on completion
107,910€
Property Purchase Expenses
Property price
119,900€
Transfer tax 8%
9,592€
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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