1-Bedroom New Build Apartment in Paseo Maritimo, Torrevieja
Centro, Torrevieja · Alicante
1 Bed1 Bath38 m²Energy: G
Description
This compact 38 m2 new build apartment in Paseo Maritimo offers one bedroom and one bathroom on the first floor. The layout makes efficient use of space with an open-plan kitchen and living area. Air conditioning and built-in wardrobes come as standard. A lift serves all floors of the building, and a private terrace extends the living area outdoors.Paseo Maritimo runs along Torrevieja's coastline, putting this apartment 300 metres from the sea. The seafront promenade with its bars, restaurants, and shops is on the doorstep. A golf course is 1 km inland. Playa del Cura and Playa de los Locos are both accessible on foot. Alicante-Elche Airport is approximately 45 km north.At EUR 198,000, the price per square metre is approximately EUR 5,211. As new construction, IVA at 10% (EUR 19,800) applies rather than transfer tax. Estimated community fees for this type of development are EUR 40-60 per month. Annual IBI is expected to be EUR 200-400 once the building is registered. The development includes a communal pool and rooftop solarium shared among residents.
Features
- Communal pool
- Lift
- Solarium
- Near golf
- Near beach
- Air conditioning
- Built-in wardrobes
- Terrace
- New build
Property Details
| Property Type | Apartment |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Built Area | 38 m² |
| Floor | 1 |
| Energy Certificate | G |
| Reference | 31434259-04 |
Distances & Nearby
- beach
- 300 m
- supermarket
- 5 min walk
- airport
- 35 min (Alicante-Elche ALC)
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Location
Centro, Torrevieja · 37.9776, -0.6731
About Centro, Torrevieja
Torrevieja 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 1-bedroom apartment?
As a new build, IVA at 10% applies: EUR 19,800 on a price of EUR 198,000. Stamp duty (AJD) at 1.5% adds EUR 2,970. Notary fees are approximately EUR 700, land registry EUR 400, and legal fees at 1% plus VAT total roughly EUR 2,396. The estimated total purchase cost is approximately EUR 224,266.
Can I get a mortgage to buy this apartment?
Non-resident buyers can typically borrow 60-70% of the purchase price. For EUR 198,000, you would need EUR 59,400 to EUR 79,200 as a deposit. Spanish variable rates currently range from 3.5% to 4.5%. Some lenders offer preferential terms for new build purchases.
What ongoing costs should I expect?
Estimated community fees are EUR 40-60 per month for this type of development. Annual IBI property tax is expected at EUR 200-400 once assessed. Utility costs for a 38 m2 apartment typically run EUR 50-80 per month for electricity and water.
How do I view this apartment?
Contact our team at OceanHome to arrange a viewing of this development on Paseo Maritimo. Show home visits or development site tours can be arranged. Video presentations are available for buyers who cannot travel to Torrevieja.
Is a 1-bedroom apartment a good rental investment here?
One-bedroom apartments in Paseo Maritimo are in demand from couples and solo travellers visiting Torrevieja. The 300-metre distance to the beach and seafront dining options make this a strong location for short-term holiday letting during the peak season.
How does buying a new build differ from a resale?
New build purchases in Spain attract IVA at 10% and stamp duty at 1.5% instead of the 10% transfer tax on resales. Payment may be staged during construction, and deposits are protected by a bank guarantee. At completion, you sign the escritura at a notary and receive the keys.
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
- 1
- Bathrooms
- 1
- Build Size
- 38 m²
- Energy Rating
- G
