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Ref: IM85837H
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The development will consist of 112 luxury contemporary homes, meticulously designed to offer comfortable year-round living. These homes are conceived to maximise natural light and space, with practical and functional interior layouts that enable a seamless connection with the exceptional outdoor areas.For added convenience, these luxury apartments can be delivered fully furnished, with different furniture packages available as an additional option.Available layouts: Phases 1 and 2 include ground and top-floor homes, with configurations of 2 bedrooms and 1 bathroom, 2 bedrooms and 2 bathrooms, and 3 bedrooms and 2 bathrooms.Phase 3 will feature semi-detached villas with private pool.All homes come with an allocated parking space, with the possibility of adding a storeroom as an additional option.The completion of the homes is scheduled from June 2027.Community FacilitiesResidents will enjoy comprehensive landscaped communal areas designed for relaxation and leisure, which include:Swimming pools for adults and childrenHeated poolTwo jacuzzisLandscaped gardens with integrated water featuresChildren's play areaPetanque courtThe project is backed by a renowned and established Spanish developer with over 50 years of construction experience, recognised for its specialisation in Mediterranean holiday homes and high-quality residential communities.Additionally, the developer offers its clients an exclusive year-round rental management service, designed to streamline the process and maximise the property's profitability.Location and LifestyleThe Balconies is known for its stunning views of the pink lagoons and its calm residential atmosphere, located just 15 minutes by car from the centre of Torrevieja and all its amenities.Shopping centres like Habaneras and Zenia Boulevard, featuring over 150 shops, are approximately 10 minutes by car.The University Hospital, a four-star hotel, local supermarket, shopping centre, and a wide range of services, along with extensive green areas with outdoor sports facilities, are situated close to the development.For those seeking an active lifestyle, the nearby blue flag beaches offer water sports such as paddle surfing, jet skiing, and parasailing. Moreover, several prestigious golf courses —including Vistabella, Villamartin, Campoamor, Las Colinas, Las Ramblas, La Finca and La Marquesa— are located less than 10 minutes away by car.Road connections are excellent, with direct access to the N-332 and fast links to the AP-7. Alicante-Elche Airport and the high-speed railway station are approximately 40 minutes away.
Property Features
- 2 bedrooms
- 1 bathroom
- 84m² Build size
- Swimming Pool
- Children's Area
- Children's Pool
- Community Pool
- Green Areas
- Heated Pool
- Parking With Storage Space
- Storage Unit
- Swimming Pool
EPC Rating
| Energy Rating Scale |
|---|
| A |
| B |
| C |
| D |
| E |
| F |
| G |
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
24,200€
Final Payment of 90% on completion
244,800€
Property Purchase Expenses
Property price
272,000€
Transfer tax 8%
21,760€
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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