property in SpainCosta Blanca areaTorrevieja cityapartmentApartment № 296376

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2 bed apartment for sale in Torrevieja, Spain

2 bed apartment for sale in Torrevieja, Spain - photo 3

2 bed apartment for sale in Torrevieja, Spain - photo 4

2 bed apartment for sale in Torrevieja, Spain - photo 5

2 bed apartment for sale in Torrevieja, Spain - photo 6

2 bed apartment for sale in Torrevieja, Spain - photo 7

2 bed apartment for sale in Torrevieja, Spain - photo 8

2 bed apartment for sale in Torrevieja, Spain - photo 9

2 bed apartment for sale in Torrevieja, Spain - photo 10

Price	€149,800
Type	Apartment
Beds	2
Bath	2
Rooms	3
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Environment

Description

Beautiful apartment in Torrevieja Alicante province. The property is located on the seventh floor and has two bedrooms with fitted wardrobes, two bathrooms, large living room, kitchen and terrace with beautiful views. The floors are marble, wood and iron roofs, installation of air conditioning ducts. Just 100 meters from the beach of Fools. The apartment is located in a private residential complex with doorman, large gardens, common areas, beautiful pool with children's pool and Jacuzzi area ...

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

€258 per month

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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

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Spain, Torrevieja
Apartment €149,800
- 3 rooms, 2 bath

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