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2 bed flat for sale in Torrevieja, Spain, 98 m² - photo 1
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2 bed flat for sale in Torrevieja, Spain, 98 m² - photo 5
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2 bed flat for sale in Torrevieja, Spain, 98 m² - photo 7
2 bed flat for sale in Torrevieja, Spain, 98 m² - photo 8
2 bed flat for sale in Torrevieja, Spain, 98 m² - photo 9
2 bed flat for sale in Torrevieja, Spain, 98 m² - photo 10
2 bed flat for sale in Torrevieja, Spain, 98 m² - photo 11
2 bed flat for sale in Torrevieja, Spain, 98 m² - photo 12

2 bed flat for sale in Torrevieja, Spain, 98 m²

ID: 262823
Price€299,500
TypeFlat
Year built2017
Covered area98 m²
Beds2
Bath2
Rooms3
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Description

This modern key ready apartment is located within a recently finished development by the sea in Torrevieja, the apartment is set on the ground floor of the building with a total built surface of 98m2 with access to a private 38m2 terrace overlooking the sea.
Accomodation comprises 2 double bedrooms, 2 bathrooms, open plan fully equipped kitchen and a very bright living/dining room with access to the large private terrace. The property boasts pre-installation of ducted air-conditioning hot and cold, underfloor heating in the bathrooms and top quality finishings.
The complex benefits of communal pool, communal gardens and the possibility of purchasing underground parking spaces.
 
 

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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