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2 bed apartment for sale in Torrevieja, Spain, 99 m²

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Price€179,000
TypeApartment
Covered area99 m²
Beds2
Bath2
Rooms3
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Environment

Apartamento con vistas abiertas en La Recoleta, Punta Prima – Bennecke

Beautiful apartment in La Recoleta, Punta Prima. The property consists of 2 bedrooms and 2 bathrooms (one of which en-suite). Also the property has large open kitchen, large dining-living room and terrace of 14 m2 with open views towards a park with trees. The price includes underground parking and storage room. The apartment is located in a private residencial with security 24 hs. 3 communal pools, green areas and steps away from the sea.
Punta Prima is an urbanization at the foot of the sea, where you can enjoy water sports, leisure and beaches. It is close to all services such as the Zenia Boulevard 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. It is close to the urbanization of Rocío del Mar. A few minutes from the golf courses Las Colinas, Campoamor, Las Ramblas and Villamartin. Good communication with the Mediterranean highway 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

Property Price
Rental Cost
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