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3 bed villa for sale in Torrevieja, Spain

3 bed villa for sale in Torrevieja, Spain - photo 1
3 bed villa for sale in Torrevieja, Spain - photo 2
3 bed villa for sale in Torrevieja, Spain - photo 3
3 bed villa for sale in Torrevieja, Spain - photo 4
3 bed villa for sale in Torrevieja, Spain - photo 5
3 bed villa for sale in Torrevieja, Spain - photo 6
3 bed villa for sale in Torrevieja, Spain - photo 7
3 bed villa for sale in Torrevieja, Spain - photo 8
3 bed villa for sale in Torrevieja, Spain - photo 9
3 bed villa for sale in Torrevieja, Spain - photo 10
Price€185,000
TypeVilla
Beds3
Bath1
Rooms4
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Environment

Description

Beautiful villa located in semi-independent Los Balcones urbanization in Torrevieja Alicante province. It has approximately 500 square meters of land. It has three bedrooms, bathroom, large kitchen, living room with fireplace, dining room, conservatory, kitchen sink barbecue and stone table in one of the large outdoor terraces, large garage, two storage rooms, heating throughout the house using oil , access high wall with electric gate with remote control, large garden with trees and magnificent views. A bargain for year round living in the best area of Torrevieja.

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
0%
Paula
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