property in SpainCosta Blanca areaTorrevieja cityvillaVilla № 334849

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4 bed villa for sale in Torrevieja, Spain, 320 m²

Price	€990,000
Type	Villa
Covered area	320 m²
Beds	4
Bath	4
Market info	New homes
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Environment

Villa in Avenida Alemania, 51

A unique opportunity – to buy a modern house at 1 minute walk to the beach with a seaview – in the best part of the city of Torrevieja – La Mata, area with very well developed infrastructure.

Two detached villas, in the area with wide streets and perfect location, each one with a plot of land of 320 m² and a private pool.

The total constructed area is 310 m². Consists of 4 bedrooms (2 suites), 4 bathrooms, 2 lounges, a kitchen, terraces and a private parking space.

Year of construction: 2020

We have also completly finished another luxury 3 bedroom villa in Calle Popa, for your close attention.

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

€1 708 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
Villa €990,000
- Covered area: 320 m²
- 4 beds, 4 bath

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