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3 bed apartment for sale in Torrevieja, Spain, 110 m²

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Price€195,000
TypeApartment
Covered area110 m²
Land area36 m²
Beds3
Bath2
Rooms4
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Environment

Apartamento en urbanización Los Balcones – Bennecke

Ground floor apartment located in the urbanization Los Balcones. The complex is under construction and is divided into 2 phases with apartments on the ground floor with terrace and garden or upstairs with solarium. Currently there are some key ready. The property consists of 3 bedrooms and 2 bathrooms, large living room and American kitchen. It also has a terrace on the front of 36m2 and a backyard of 29 m2. The residential has a community pool, garden areas and parking spaces. From the apartments you can see beautiful open views to the salt lagoon of Torrevieja.
Los Balcones is a few minutes drive from the center of Torrevieja. Residential area where you can enjoy the Mediterranean climate and the blue flag beaches of Orihuela Costa and Torrevieja as La Mata, Playa Flamenca, La Zenia, Cabo Roig, Cala Capitan and Campoamor. It is close to the shopping centers Habaneras and La Zenia Boulevard, where you will find plenty of shops and restaurants. You can also enjoy a great concentration of golf courses in the surrounding areas like Villamartin, Las Ramblas, Campoamor and Las Colinas, as well as leisure port and sports centers. Through the N332 or the AP-7 motorway, we can easily reach any point on the Costa Blanca.

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
336 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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