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2 bed apartment for sale in Torrevieja, Spain, 76 m²

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Price€410,000
TypeApartment
Covered area76 m²
Beds2
Bath2
Rooms3
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Environment

Apartamento en Punta Prima – Bennecke

Spectacular apartment on the seafront in Punta Prima, Torrevieja. The accommodation consists of 2 bedrooms and 2 bathrooms, living room, kitchen, a large terrace of 22m2 where you can relax and enjoy the sun with spectacular frontal views of the sea. The residential has three swimming pools (one of them heated), large communal gardens, playground for children, sports court, private security and a closed circuit television system around the perimeter. The house also includes a parking space and storage room.
Punta Prima is located just 5 km from Torrevieja, is characterized by good communication infrastructure and health, the proximity to the airport of Alicante. It is an urbanization at the foot of the sea, is close to all services such as Zenia Boulevard Shopping Center, Las Habaneras Shopping Center and sports centers. Walking distance to Cala Piteras, Punta Prima Beach and Playa Flamenca as well as the remaining blue flag beaches of Orihuela Costa and Torrevieja. At only 7 km we can find the golf courses of Villamartin, Campoamor, Las Ramblas, Las Colinas and Lo Romero; all of them 18 holes. Good communication with the Mediterranean motorway AP-7 and N-332.

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

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