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3 bed apartment for sale in Torrevieja, Spain, 104 m²

3 bed apartment for sale in Torrevieja, Spain, 104 m² - photo 1
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3 bed apartment for sale in Torrevieja, Spain, 104 m² - photo 8
3 bed apartment for sale in Torrevieja, Spain, 104 m² - photo 9
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3 bed apartment for sale in Torrevieja, Spain, 104 m² - photo 14
3 bed apartment for sale in Torrevieja, Spain, 104 m² - photo 15
Price€66,900
TypeApartment
Covered area104 m²
Beds3
Rooms4
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Environment

Description

The apartment consists of 3 spacious bedrooms, 1 bathroom, living room with exit to a Sunny terrace offering side sea views, separate kitchen, and hallway. The apartment is fully with all necessary furniture, equipped kitchen.
Distance to sea is 100 metres away.
Distance from beach Is 300 metres away.
Distance to grocery shop is 300 metres away.
Within walking distance there are all necessary services.
A very economical price.
Total area 104 m2, living 84 m2.

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
115 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
0%
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