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2 bed house for sale in Tormos, Spain - photo 1
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2 bed house for sale in Tormos, Spain

ID: 245911
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Fully reformed townhouse in Tormos with stunning sea views from the terraces.

This townhouse in the centre of Tormos has been reformed to an exceptionally high standard. On the ground floor is the spacious open plan living area with brand new kitchen and new fireplace. There is a large courtyard, which is partially covered above the outdoor kitchen. Upstairs has two double bedrooms and a bathroom. The main bedroom leads to a large terrace and steps up to a roof terrace. Both terraces offer stunning mountain and sea views.

Extra Сosts when Buying Property

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%
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
  • Spain, TormosSpain, Tormos
    Villa €269,000
    • Covered area: 140 m²
    • 4 rooms, 2 bath
Offices in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
Office in UK
Office in Russia
+7 (495) 240-81-87
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