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House for sale for renovation on a 600 m² plot, located just 300 meters from the sandy beach of Punta Prima in southern Torrevieja Built in 1979 to a high standard, the property features spacious rooms, thick walls, and excellent sound insulation The total built area is 150 m², with 120 m² of living space The house consists of a large front terrace, a spacious living room with a fireplace, 2 bathrooms, a separate kitchen with a utility room, 3 separate bedrooms, and a patio lounge with stairs leading to a fourth bedroom The corner plot measures 600 m² and includes a garden with swings, pine trees, palm trees, flowering shrubs, and a storage room The property is sold with antique furniture Arcostec can develop a renovation project for the existing house or provide a feasibility study for demolition and construction of a new villa There is also an opportunity to purchase the adjacent 500 m² plot, increasing the total land area to 1,100 m² The price of the neighboring plot is €525,000
Property Features
- 4 bedrooms
- 2 bathrooms
- 600m² Plot size
- Laundry Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
52,000€
Final Payment of 90% on completion
495,000€
Property Purchase Expenses
Property price
550,000€
Transfer tax 8%
44,000€
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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