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Property marketed by The Property Group
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We present this exclusive bungalow with no neighbours above, distributed on one level, with a private garden, located in a quiet residential area of Torrevieja It is an ideal area for those looking for a home where they can enjoy the sun as well as the tranquillity of a residential setting Upon entering the property, we find a cosy garden with a relaxation area and well-maintained green areas It is a bungalow on one level, with no neighbours above Before accessing the interior, there is an enclosed porch with a fireplace Next, we find a cosy furnished living-dining room with a dining area The property has a fully furnished independent kitchen It offers 2 spacious bedrooms and 2 complete bathrooms, comfortable and functional It also has a spacious solarium, perfect for sunbathing In addition, there is a storage room, perfect for keeping the home well organised The area is quiet and located in a residential part of Torrevieja It has good connections to all services, Torrevieja and other nearby towns There are also several schools nearby, a hospital, supermarkets and everything necessary for daily life It is located close to the beaches of Torrevieja, about 5 minutes by car It is a very good option both as an investment and as a permanent home, close to all services, leisure areas, the beach and the sea, while being in a quiet area where you can enjoy both the sun and the beach, as well as peace and tranquillity Taxes: 9%, with reduced rates in the corresponding cases Notary fees: approximately €800–€1,300 Land Registry fees: approximately €300–€700 Management/advisory fees: approximately €900–€1,500 THERE ARE NO ADDITIONAL REAL ESTATE AGENCY COMMISSIONS
Property Features
- 2 bedrooms
- 2 bathrooms
- 42m² Build size
- 32m² Plot size
- Garden
- Air Conditioning: Yes
- Patio
- BBQ
- Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,000€
Final Payment of 90% on completion
108,000€
Property Purchase Expenses
Property price
120,000€
Transfer tax 8%
9,600€
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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