New Build 1-Bedroom Penthouse in Torrevieja
Centro, Torrevieja · Alicante
1 Bed1 Bath169 m²Built 1987Energy: G
Description
A 1-bedroom penthouse in the Torrevieja area of Torrevieja, listed at EUR 275,000 for 169 m2. Underfloor heating runs through the living areas. The building dates from 1987. The property is located in Torrevieja. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 275,000 works out to EUR 1,627 per square metre. The energy rating is G. A storage room comes with the property. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax.
Features
- Communal pool
- Near beach
- Lift
- Storage room
- Underfloor heating
- Air conditioning
- Heating
Property Details
| Property Type | Penthouse |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Built Area | 169 m² |
| Floor | 0 |
| Year Built | 1987 |
| Energy Certificate | G |
| Reference | 55276124-03 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Centro, Torrevieja · 37.9780, -0.6834
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 fees should I budget for?
For this new build at EUR 275,000, you will pay 10% IVA (EUR 27,500), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 3,328. Total estimated costs come to approximately EUR 36,503.
What mortgage options exist?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 275,000, a 60% mortgage would be EUR 165,000, requiring a deposit of EUR 110,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 871. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What ongoing costs should I expect?
Annual running costs for this penthouse include: IBI property tax is estimated at EUR 350-600 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.
How do I see this property?
Contact Maya Kallio to arrange an in-person viewing of this penthouse in Torrevieja. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Can I rent this property out?
Torrevieja has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 1-bedroom penthouse in Torrevieja 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.
What steps are involved in buying?
To buy in Spain, you first need an NIE (tax identification number for foreigners). The purchase begins with a reservation deposit, followed by a private contract (contrato de arras) with 10% down payment. A Spanish lawyer should review the property title, check for debts, and verify planning permissions. The sale completes at a notary office where the deed is signed and registered. Budget 6-10 weeks for the full process.
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
- 1
- Bathrooms
- 1
- Build Size
- 169 m²
- Energy Rating
- G
