New Build 3-Bedroom Penthouse in La Torre de la Horadada
Torre de la Horadada, Pilar de la Horadada · Alicante
3 Bed2 Bath174 m²Energy: G
Description
This 3-bedroom penthouse in La Torre de la Horadada occupies the top floor, with 174 m2 of interior space and 2 bathrooms. Underfloor heating runs through the living areas. La Torre de la Horadada is a residential area within Pilar De La Horadada. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 539,900 works out to EUR 3,103 per square metre. The energy rating is G. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax. Residents share a communal swimming pool. The garden provides additional outdoor space. A private solarium offers open-air relaxation.
Features
- Communal pool
- Near beach
- Terrace
- Solarium
- Garden
- Panoramic views
- Underfloor heating
- Jacuzzi
- Sauna
- Gymnasium
- En-suite bathroom
- Open plan living
- Private garden
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 174 m² |
| Floor | 1 / 2 |
| Energy Certificate | G |
| Reference | 73811377-02 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Torre de la Horadada, Pilar de la Horadada · 37.8557, -0.7661
About Torre de la Horadada, Pilar de la Horadada
Pilar De La Horadada is one of the most popular destinations on Spain's Costa Blanca for international property buyers. With over 300 days of sunshine per year, excellent healthcare facilities, and a large expat community, the area offers an outstanding quality of life.
Frequently Asked Questions
What are the total purchase costs?
For this new build at EUR 539,900, you will pay 10% IVA (EUR 53,990), stamp duty of 1.5%, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 6,533. Total estimated costs come to approximately EUR 70,622.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 539,900, a 60% mortgage would be EUR 323,940, requiring a deposit of EUR 215,960. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1710. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What are the running costs?
Annual running costs for this penthouse include: IBI property tax is estimated at EUR 500-900 per year; community fees are typically EUR 40-100 per month for apartments in Pilar De La Horadada; home insurance runs EUR 200-400 annually; utility bills (electricity, water, internet) average EUR 150-250 per month. Non-resident owners also pay annual income tax (IRNR) on a deemed rental value, typically EUR 300-600 per year for a property at this price level.
How can I arrange a viewing?
Contact Aino-Kaisa Lonka to arrange an in-person viewing of this penthouse in La Torre de la Horadada. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Is this a good rental investment?
Pilar De La Horadada is primarily a residential area. Long-term rentals are more common than holiday lets. A 3-bedroom penthouse could appeal to long-term tenants, especially retirees or workers. Rental income is subject to Spanish tax for non-residents. Consult a local agent for current demand levels.
What is the buying process in Spain?
The Spanish buying process starts with obtaining an NIE (foreigner identification number). After agreeing a price, you sign a reservation contract with a deposit (typically EUR 3,000-6,000). The next step is the arras contract, where you pay 10% of the price. Completion takes place at a notary, where the escritura (title deed) is signed and the balance paid. The whole process typically takes 6-10 weeks from reservation to completion.
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Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
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Key Details
- Type
- penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 174 m²
- Energy Rating
- G
