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2 bed apartment for sale in Torrevieja, Spain, 132 m²

2 bed apartment for sale in Torrevieja, Spain, 132 m² - photo 1
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Price€175,900
TypeApartment
Covered area132 m²
Beds2
Bath2
Rooms3
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Environment

Fantástico apartamento de obra nueva en Los Balcones, Torrevieja – Bennecke

Fantastic new build apartment in Los Balcones, Torrevieja. The apartment is on a ground floor distributed in 2 bedrooms and 2 bathrooms (one of which en-suite). Also the property has a american style kitchen, large dining-living room and 2 terraces, front terrace of 32 m2 and back terrace of 25 m2. The apartment has south facing and is located on a beautiful residencial with communal pool and green areas.
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 such as La Mata, Playa Flamenca, La Zenia, Cabo Roig, Cala Capitan and Campoamor. It is close to the Habaneras and La Zenia Boulevard shopping centers, where you will find many shops and restaurants. You can also enjoy a large concentration of golf courses in the surroundings such as Villamartin, Las Ramblas, Campoamor and Las Colinas, as well as maritime ports and sports centers. Through the N332 or the AP-7 motorway, we can easily reach any point of 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
304 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

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