New-Build 3-Bed Apartment in Comunidad Valenciana, Algorfa
Centro, Algorfa · Alicante
3 Bed2 Bath96 m²Energy: G
Description
A first-floor new-build apartment in Algorfa, Alicante, offering 96 m2 of living space across 3 bedrooms and 2 bathrooms. The development includes a communal pool and sits within the Comunidad Valenciana region, approximately 35 minutes by road from Alicante-Elche Airport (ALC). The price per m2 is approximately EUR 3,802, which is competitive for new-build stock in this part of inland Alicante province.Algorfa is a small municipality in the Vega Baja comarca, roughly 10 kilometres inland from the coastal town of Torrevieja. The town centre has local shops, a weekly market and a number of restaurants along its main streets. The nearby La Finca Golf Resort is one of the area's most recognised facilities, and the N-332 coastal road gives straightforward access to the beaches of the southern Costa Blanca within around 15 to 20 minutes by car. Comunidad Valenciana residents benefit from reliable road links connecting Algorfa to both the coast and Alicante city.Purchase costs for this new-build property are calculated using IVA at 10 per cent (EUR 36,500), plus notary fees of approximately EUR 600 to 1,200, land registry fees of approximately EUR 400 to 800, and legal fees of around 1 per cent plus VAT. Community fees are currently EUR 0 per month. The annual IBI figure is not yet available for this development. The energy rating is G. Buyers intending to let the property should confirm local tourist licence availability with a lawyer before exchange.
Features
- Communal pool
- New build
- 3 bedrooms
- 2 bathrooms
- First floor
- 96 m2 build size
- Air conditioning
- Double glazing
- Lift
- Mains water and electricity
Property Details
| Property Type | Apartment |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 96 m² |
| Floor | 1 |
| Energy Certificate | G |
| Reference | 36764017-03 |
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 365,000 asking price?
As a new-build, this apartment is subject to IVA at 10%, which amounts to EUR 36,500. You should also budget for notary fees (approximately EUR 600–1,200), land registry fees (approximately EUR 400–800), and legal representation at around 1% of the purchase price plus VAT. Total additional costs typically run to 12–13% of the price.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers can generally obtain a Spanish mortgage on a new-build property, though most lenders require a deposit of 30–40% of the purchase price. On EUR 365,000 that means having EUR 109,500–146,000 available. Variable and fixed rates currently sit in the 3.5–4.5% range, though individual offers vary by lender and applicant profile.
What are the ongoing running costs for this apartment?
Community fees are currently recorded as EUR 0 per month for this development. The annual IBI (council tax) figure is not yet available and will be confirmed once the property is registered with the local catastro. You should also allow for utility connection and consumption costs.
Can I arrange a viewing remotely before travelling to Spain?
Yes. OceanHome can arrange a video viewing of this apartment and the wider development so you can assess the property before committing to travel. In-person viewings can be booked for any day that suits you, including weekends. Contact us to schedule either option.
What is the rental potential for this property in Algorfa?
Algorfa sits close to La Finca Golf Resort and is within driving distance of the southern Costa Blanca coast, which generates demand from both golfers and beach holidaymakers. New-build apartments in the area can attract medium-term lets. We recommend confirming tourist licence availability with a local lawyer before purchase, as regulations vary by municipality.
How does the purchase process work in Spain?
First, you will need a Spanish NIE (tax identification number), which your solicitor can obtain on your behalf. Once you agree a price, a reservation contract is signed and a holding deposit is paid, typically EUR 3,000–6,000, to take the property off the market. This is followed by the arras (preliminary contract), where usually 10% of the purchase price is paid. Finally, the sale is completed before a Spanish notary, at which point the balance is transferred and the title deeds are signed.
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
- 3
- Bathrooms
- 2
- Build Size
- 96 m²
- Energy Rating
- G
