1 / 51

Ground-Floor New-Build Apartment in Los Balcones, Torrevieja

Los Balcones, Torrevieja · Alicante

2 Bed2 Bath106 m²Energy: G

Description

This ground-floor new-build apartment in Los Balcones, Torrevieja, offers 106 m2 of living space across 2 bedrooms and 2 bathrooms. The development includes 2 allocated parking spaces per unit, which is uncommon at this price point in the area. The property is priced at EUR 265,000, giving a price per m2 of approximately EUR 2,500. The energy rating is G, which is standard for newly constructed developments in this part of Alicante province.Los Balcones sits on higher ground to the south-west of Torrevieja city centre, roughly 5 to 7 kilometres from the beaches along the N-332. The neighbourhood has its own commercial strip along Calle Ebro, with supermarkets, pharmacies, and restaurants within walking distance of most residential streets. Alicante-Elche Airport is approximately 35 minutes by car, making Los Balcones practical for regular travellers.Community fees are currently set at EUR 0, though buyers should confirm this figure with the developer before exchange, as charges typically apply once the communal pool and shared areas are handed over. IBI has not yet been assessed for this new-build, so buyers should request an estimated figure from the local Catastro office. As a new-build property in Alicante province, the applicable purchase tax is IVA at 10% rather than ITP. Legal fees, notary, and registry costs typically add a further 2 to 3% to the purchase price.

Features

  • New build
  • Ground floor
  • 2 bedrooms
  • 2 bathrooms
  • 106 m2 build
  • Communal pool
  • Parking (2 spaces)
  • Double glazing
  • Lift

Property Details

Property TypeApartment
Bedrooms2
Bathrooms2
Built Area106 m²
Floor0
Energy CertificateG
Reference23814669-03

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

Los Balcones, Torrevieja · 37.9664, -0.7391


About Los Balcones, Torrevieja

Torrevieja 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 265,000 asking price?
As a new-build property in Alicante province, you pay IVA at 10% (EUR 26,500) rather than the resale transfer tax. Additional costs include notary fees (approximately EUR 600–1,200), land registry fees (approximately EUR 400–800), and legal/solicitor fees of around 1% plus VAT (approximately EUR 3,180 including VAT). Total purchase costs are typically 12–14% above the sale price.
Can I get a mortgage on this property as a non-resident?
Yes. Most Spanish banks offer mortgages to non-residents on new-build properties. Lenders typically require a deposit of 30–40% of the purchase price, meaning you would need EUR 79,500–106,000 available. Current variable and fixed rates range from approximately 3.5% to 4.5%. The bank will commission its own valuation of the property before approving any loan.
What are the ongoing running costs for this apartment?
Community fees are listed as EUR 0, but this should be confirmed with the developer, as charges are normally levied once communal areas including the pool are operational. IBI (council tax) has not yet been assessed for this new-build; request an estimate from the Torrevieja Town Hall or the Catastro office. Budgeting EUR 400–700 per year for IBI once assessed would be a reasonable starting point for a property of this size.
How can I arrange a viewing?
You can arrange an in-person viewing by contacting our OceanHome team directly. If you are based outside Spain, we also offer video viewings via WhatsApp or video call, during which our agent can walk through the apartment and answer questions in real time.
Does the location suit short-term rental?
Los Balcones is a residential neighbourhood popular with both year-round residents and seasonal visitors. Torrevieja attracts significant tourist numbers, and properties in the area can be let on a short-term basis subject to obtaining a tourist licence from the Generalitat Valenciana. Speak to our team about current licensing requirements and typical demand in this part of the city before factoring rental income into your purchase decision.
What does the buying process involve?
First, you obtain an NIE (foreigner identification number), which is required for any property purchase in Spain. You then pay a reservation fee to take the property off the market, followed by a private purchase contract (arras or contrato de compraventa) with a deposit of typically 10%. For new-builds, stage payments may apply during construction. Completion takes place before a Spanish notary, at which point the balance is paid and keys are handed over. We recommend appointing an independent Spanish solicitor to oversee the process.

Price

€265,000€2,500/m²

Ref: 23814669-03

Maya Kallio
Maya Kallio💚
The Heart of Our Operations

Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.

WhatsAppEnquire About This PropertySchedule a Call
Languages:EnglishFinnishSwedishSpanish
View LinkedIn Profile

Quick Enquiry

Interested in this property? Send us a message.

By submitting, you agree to our privacy policy.

Key Details

Type
apartment
Bedrooms
2
Bathrooms
2
Build Size
106
Energy Rating
G