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2 bed apartment for sale in Torrevieja, Spain, 66 m²

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Price€98,900
TypeApartment
Covered area66 m²
Beds2
Bath1
Rooms3
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Environment

Apartamento de orientación sur en Rocío del Mar, Torrevieja – Bennecke

Sunny apartment in Rocío del Mar, Torrevieja. The property is refurbished and consists of 2 bedrooms, 1 bathroom, independent kitchen and sunny terrace of 6 m2. The apartment is located in a residencial with communal pool and parking. Stepts away from the beach and amenities.
Rocío del Mar, close to all services and shopping centers such as La Zenia Boulevard, Habaneras and Punta Marina and sports centers in Orihuela Costa and Torrevieja. It is an urbanized area with good communication with the motorway AP -7 -332 and N. A short distance from the famous beaches of Punta Prima, Cala Piteras, Playa Flamenca and La Zenia. 10 min by car from the golf courses, Las Ramblas, Las Colinas, Villamartin and Campoamor.

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
171 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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