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3 bed apartment for sale in Torrevieja, Spain, 119 m²

3 bed apartment for sale in Torrevieja, Spain, 119 m² - photo 1
3 bed apartment for sale in Torrevieja, Spain, 119 m² - photo 2
3 bed apartment for sale in Torrevieja, Spain, 119 m² - photo 3
3 bed apartment for sale in Torrevieja, Spain, 119 m² - photo 4
3 bed apartment for sale in Torrevieja, Spain, 119 m² - photo 5
3 bed apartment for sale in Torrevieja, Spain, 119 m² - photo 6
Price€185,000
TypeApartment
Covered area119 m²
Beds3
Bath2
Rooms4
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Beachfront 3-bed apartment in Punta Prima

Beachfront ground floor apartment in a gated, secure development with community pool and garden areas, within walking distance to the sea and the beach.
Apartment with three bedrooms and two bathrooms (the master bedroom with bathroom en-suite), open plan living/dining room, fully equipped modern kitchen and private terrace.
The apartment also includes a covered parking space and storeroom.
Excellent situation near the seafront and all the amenities.

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%
Amina
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