New-Build 2-Bedroom Apartment in Algorfa, Comunidad Valenciana
Centro, Algorfa · Alicante
2 Bed2 Bath75 m²Energy: G
Description
A new-build apartment in Algorfa, Comunidad Valenciana, offering 75 m2 of living space across 2 bedrooms and 2 bathrooms on the first floor. Priced at EUR 329,000, this represents EUR 4,387 per m2. The development includes a communal pool and holds an energy rating of G. Alicante-Elche Airport is approximately 35 minutes away by car.Algorfa is a small inland municipality in the Vega Baja del Segura comarca, situated around 30 km south-west of Alicante city. The town centre is within walking distance of the development and provides everyday amenities including local shops and bars. La Finca Golf and Spa Resort, one of the most established golf courses in the province, lies within a few minutes' drive of Algorfa. The coastal resorts of Guardamar del Segura and Torrevieja are both accessible within roughly 20 minutes.Running costs include no recorded community fees at this time. IBI figures are not yet available for this new-build property. The energy certificate is rated G. At EUR 329,000, purchase costs for a new-build in Alicante province are calculated on IVA at 10% (EUR 32,900), plus notary fees of approximately EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and legal fees of around 1% plus VAT.
Features
- Communal pool
- New build
- 2 bedrooms
- 2 bathrooms
- First floor
- 75 m2 build size
- Air conditioning
- Energy rating G
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 75 m² |
| Floor | 1 |
| Energy Certificate | G |
| Reference | 36764017-04 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Centro, Algorfa · 38.0573, -0.8032
About Centro, Algorfa
Algorfa is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the purchase costs on top of the EUR 329,000 asking price?
As a new-build in Alicante province, VAT (IVA) applies at 10%, adding EUR 32,900 to the price. You should also budget for notary fees of EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and legal fees of roughly 1% of the purchase price plus VAT (approximately EUR 3,290 plus VAT). Total purchase costs typically run to 12 to 13% above the sale price.
Can I get a mortgage on this property as a non-resident?
Non-resident buyers can obtain Spanish mortgages, though lenders typically require a deposit of 30 to 40% of the purchase price. On EUR 329,000, that means having EUR 98,700 to EUR 131,600 available as a deposit. Current variable and fixed rates from Spanish banks are broadly in the range of 3.5% to 4.5%. A mortgage broker with Spanish market experience is advisable.
What are the ongoing running costs for this apartment?
No community fees are currently recorded for this development. IBI (annual council tax) figures are not yet available for this new-build property, though an estimate can be provided once the catastral value is assigned. Please speak to our agents for the latest information on anticipated running costs.
Can I arrange a viewing, and do you offer remote options?
Yes, viewings can be arranged in person at the Algorfa development. If you are based outside Spain or unable to travel, we can organise a live video viewing so you can see the property and ask questions in real time. Contact OceanHome to schedule either option at a time that suits you.
Is this apartment suitable as a rental investment?
Algorfa itself is primarily a residential inland town rather than a coastal tourist zone, so short-term holiday rental demand is more limited than on the coast. However, the proximity to La Finca Golf Resort and the wider Vega Baja area means longer-term residential rental demand exists. We recommend consulting a local letting agent for current rental market data before committing.
What does the purchase process involve in Spain?
First, you will need a Spanish NIE (tax identification number), which can be obtained at a Spanish consulate or in person in Spain. Once your offer is accepted, a reservation fee is paid to take the property off the market, followed by a private purchase contract (contrato de arras) where typically 10% of the price is exchanged. The final deed (escritura) is then signed before a notary, at which point the balance is transferred and ownership passes to you.
Maya Kallio💚
The Heart of Our Operations
Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
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Key Details
- Type
- apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 75 m²
- Energy Rating
- G
