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3 bed a house for sale in Torrevieja, Spain, 98 m²

3 bed a house for sale in Torrevieja, Spain, 98 m² - photo 3

3 bed a house for sale in Torrevieja, Spain, 98 m² - photo 4

3 bed a house for sale in Torrevieja, Spain, 98 m² - photo 5

3 bed a house for sale in Torrevieja, Spain, 98 m² - photo 6

3 bed a house for sale in Torrevieja, Spain, 98 m² - photo 7

3 bed a house for sale in Torrevieja, Spain, 98 m² - photo 8

3 bed a house for sale in Torrevieja, Spain, 98 m² - photo 9

Price	€249,000
Type	a House
Covered area	98 m²
Beds	3
Bath	2
Rooms	4
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Environment

Description

A development of three-bedroom bungalows in Torrevieja.Built to the highest standard and incorporating the latest modern and contemporary designs, these properties allow the maximum amount of natural light in to their spacious rooms.Located in one of the prime locations of Torrevieja, this development is close to one of the best beaches of Playa Acequión, as well as the fantastic commercial facilities offered by this cosmopolitan coastal town.Ideal for enjoying suburban life here 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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Years

Interest Rate

€430 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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Spain, Torrevieja
a House €249,000
- Covered area: 98 m²
- 4 rooms, 2 bath

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