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4 bed flat for sale in Valencia, Spain, 159 m²

4 bed flat for sale in Valencia, Spain, 159 m² - photo 1
4 bed flat for sale in Valencia, Spain, 159 m² - photo 2
Price€354,000
TypeFlat
Covered area159 m²
Beds4
Bath2
Market infoNew homes
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Environment

Apartment in Torres


Torres is a residential complex of 120 houses built in the Quatre Carreres neighborhood.
Quatre Carreres is one of the largest districts in the city, made up of seven different subdistricts. This complex is located in one of the most cosmopolitan areas, near the City of Arts and Sciences. It is an ideal location because the area includes schools, institutes, sports facilities, shopping centers such as El Saler and Aqua and Hospital La Fe. The development is very close to the future new Valencia Basket pavilion, a stadium that will host both the Copa del Rey and the EuroLeague Final Four and will fill the neighborhood with life.
Owing to access to major roads and highways, you can reach the center of Valencia in just 10 minutes. If you prefer to travel by public transport, 10 bus routes pass through the district. There are also 2 railway stations at your disposal. In the future it is planned to build tram lines that will connect the district with the port area. A bike path is provided for those who like to travel around the city on a bicycle.

Torres is comprised of 15 floors and houses a total of 64 homes with one, two, three and four bedrooms. This promotion also boasts premium penthouses from 250 to 300 square meters. All the houses have large windows and terraces to enjoy the views of the protected gardens of Valencia and the surroundings of the City of Arts and Sciences.
Around the area you can find public places consisting of a pool, a garden, a social club or a community space to share with neighbours and visitors and a room to store bicycles. In addition, each house has a garage and storage room.

The apartments boast spectacular interiors and complete public areas for leisure and relaxation of its residents. It has an adult and children's pool with a toilet area, a children's play area, a garden area and a social club. There is also a gym and fitness room in the building to get fit without leaving home.
The apartments are built complying with all the sustainability criteria to obtain the BREEAM seal. Double flow ventilation makes it unnecessary to open the windows to air the place reducing to zero noise pollution. In addition, it has ducted hot and cold air conditioning with discharge grilles in the living room and bedrooms and aluminum radiator heating. The bedrooms and the living room have large double-glazed windows designed by Climalit windows to improve interior comfort and to allow to enjoy views outside.

Laminate flooring placed on polyethylene sheet helps avoid noise and kitchens and bathrooms have porcelain stoneware flooring. Kitchens are equipped with an induction hob, a telescopic extractor hood, a multifunction oven, a microwave, a Silestone or similar cooktop and kitchen front, and two integrated recycling bins. Interior laundry room may have a place in the apartments. If not, kitchens are spacious enough area to put the washer-dryer. It is also possible to customize your apartment by joining the living room. The main bathroom comes with an extra-large shower and thermostatic taps, while the secondary bathroom has a bathtub.

As for interior wooden furniture, doors stand out reaching 210 cm. to make it feel more spacious. Wardrobes have lacquered doors and go with a hanging bar and luggage space. Some homes include a wardrobe in the hallway.

The price for two bedrooms and two bathrooms is 220,000 euros; 265,000 euros for three bedrooms and two bathrooms; 354,000 euros for four bedrooms and two bathrooms. Garage space and storage room included. The prices do not include VAT.

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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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

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