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1 bed flat for sale in Alicante, Spain, 66 m²

1 bed flat for sale in Alicante, Spain, 66 m² - photo 1
1 bed flat for sale in Alicante, Spain, 66 m² - photo 2
Price€137,000
TypeFlat
Covered area66 m²
Beds1
Bath1
Market infoNew homes
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Environment

Apartment in Irala

Irala is a complex in Médico Pedro Orts Street located in a well developed area of Alicante. The place is perfect for those who want to live close to the city centre and at the same time enjoy large green areas such as the Pope John Paul II Park.        

There are several supermarkets (such as Aldi, Mercadona and Lidl), restaurants, fashion shops such as Kiabi, hospitals and educational centres such as the Maria Auxiliadora school or the Don Bosco school.

As for the communications it is very easy to get to any part of Alicante by public transport. You can get from the complex to the city centre or to the beach in half an hour on foot. There are several bus stops (lines 3 and 12) in the vicinity of the development.

In addition, the Alicante train station is only ten minutes away from Irala by car where you can take both the AVE and several suburban train lines.

The Irala complex consists of 173 one-, two-, three- and four-bedroom apartments. You will enjoy magnificent and extensive common areas: a community swimming pool, a sports ground and a children's playground, gardens around where you will also find benches and places designed for relaxation. In addition, the development is completed with an equipped gym and a social club.

The materials of only the best quality were used for construction. The apartments have large windows which allow in natural light and terraces integrated into the facade. In addition, the complex has a high level of energy parameters. Thanks to this you will save energy contributing to the protection of the environment.

Parking and storage spaces are not included in the price, they can be purchased separately.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Interest Rate
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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
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