New Build 2-Bedroom Penthouse in El limonar, Torrevieja
Centro, Torrevieja · Alicante
2 Bed2 Bath121 m²Built 2002Energy: G
Description
Priced at EUR 350,000, this top-floor penthouse in El limonar has 2 bedrooms and 2 bathrooms. The building dates from 2002. El limonar is a residential area within Torrevieja. The closest airport is 35 min (Alicante-Elche ALC). The asking price is EUR 350,000. 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.
Features
- Communal pool
- Near beach
- Garden
- Gymnasium
- Private garden
- Built-in wardrobes
- Terrace
- Storage room
- Solarium
- Gym
- Sea views
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 121 m² |
| Floor | 0 |
| Year Built | 2002 |
| Energy Certificate | G |
| Reference | 70729719-12 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Centro, Torrevieja · 38.0010, -0.6904
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
How much does it cost to buy this property?
For this new build at EUR 350,000, you will pay 10% IVA (EUR 35,000), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 4,235. Total estimated costs come to approximately EUR 46,035.
Is mortgage financing available?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 350,000, a 60% mortgage would be EUR 210,000, requiring a deposit of EUR 140,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1108. Spanish banks require proof of income, tax returns, and a credit report from your home country.
How much are the monthly expenses?
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 Torrevieja; 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.
Can I book a viewing?
Contact Maya Kallio to arrange an in-person viewing of this penthouse in El limonar. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
What is the rental potential?
Torrevieja has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 2-bedroom penthouse in El limonar can attract bookings year-round. You will need a tourist licence from the regional government. Note that rental income is subject to Spanish tax for non-residents.
How does purchasing work?
Buying property in Spain requires an NIE number, which your lawyer can help arrange. Once you agree the price, a reservation deposit secures the property. You then sign an arras contract with a 10% deposit within 2-4 weeks. The final step is signing the escritura at a notary and paying the remaining balance. Your lawyer handles due diligence, checking the property has no debts or legal issues. Allow 6-10 weeks from offer to completion.
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
- penthouse
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 121 m²
- Energy Rating
- G
