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2 bed a house for sale in Torrevieja, Spain

2 bed a house for sale in Torrevieja, Spain - photo 1
2 bed a house for sale in Torrevieja, Spain - photo 2
2 bed a house for sale in Torrevieja, Spain - photo 3
2 bed a house for sale in Torrevieja, Spain - photo 4
2 bed a house for sale in Torrevieja, Spain - photo 5
2 bed a house for sale in Torrevieja, Spain - photo 6
2 bed a house for sale in Torrevieja, Spain - photo 7
2 bed a house for sale in Torrevieja, Spain - photo 8
2 bed a house for sale in Torrevieja, Spain - photo 9
Price€178,000
Typea House
Beds2
Bath1
Rooms3
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Description

Top Floor bungalow with solarium, sea views and in a top location!

The property is located in a private complex, in Orihuela Costa, just in front of a large Commercial area with supermarkets, bars, restaurants and other facilities. And it is just 400 meters away from the sea.

This property comprises 2 bedroom, 1 bathroom, American style kitchen, a terrace overlooking the communal pool and garden area, and a large private roof top solarium with sea views. The property benefits from a/c, Satellite TV and alarm system and it is sold fully furnished.

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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