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Renovated 3-Bedroom Apartment in Centro, Torrevieja

Centro, Torrevieja · AlicanteListed Jul 2024

3 Bed1 Bath80 m²Built 1980Energy: G

Description

This 3-bedroom apartment in Centro sits on the 4th floor of a residential building, covering 80 m2 of living space. The interior includes built-in wardrobes. The apartment faces north-west. The building dates from 1980. Centro is a residential area within Torrevieja. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 179,000 works out to EUR 2,238 per square metre. Annual IBI property tax is EUR 279. Community fees are EUR 335 per quarter. The energy rating is G. The building has a lift. Transfer tax (ITP) in Alicante is 10%.

Property Details

Property TypeApartment
Bedrooms3
Bathrooms1
Built Area80 m²
Floor4
Year BuiltBuilt 1980 (46 years)
OrientationNorth-West-facing— Late afternoon light with cooler temperatures
Energy CertificateRating G
ReferenceOH00847

Features & Amenities

Outdoor & Pool
  • Terrace
Security & Access
  • Lift
Storage & Parking
  • Built-in wardrobes
Interior
  • Renovated
  • Bright and airy
Other Features
  • Near beach

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

Centro, Torrevieja · 37.9778, -0.6835

Energy Performance Certificate

Every property for sale in Spain requires an official Certificado de Eficiencia Energética. The rating reflects estimated energy consumption per m² per year.

A
B
C
D
E
F
GThis property

Rating

G

Very Poor

Consumption

> 240

kWh/m² per year

Est. Annual Cost

> €2,030

energy bills/year

How to improve the energy rating

  • Installing double-glazed windows
  • Adding wall and roof insulation
  • Upgrading to an efficient air-conditioning / heating system

Energy ratings are based on the official Spanish energy certificate. Actual costs depend on usage, occupancy and energy provider. Properties rated D or below may benefit significantly from insulation and system upgrades.

Estimated Buying Costs

Approximate costs for a resale property in Valencian Community.

Transfer Tax (ITP 10%)€17,900
Notary Fees~€700
Land Registry~€450
Legal Fees (1% + VAT)~€2,166
Community Fees (monthly)€335/mo
IBI Property Tax (annual)€279/yr
Est. Total Purchase Costs~€21,216 (11.9%)

Annual Running Costs

Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).

Community Fees

€335/mo

€4,020/year · covers pool, gardens, common areas

IBI Property Tax

€279/yr

€23/month · municipal property tax

Total fixed costs€4,299/year (€358/month)

Investment Snapshot

How this property compares to the local Torrevieja market.

Price per m²

€2,238

this property

Torrevieja Average

~€3,235

per m² (resale)

Difference

-31%

below average

Below area average — potential value buy

Market data is indicative. Actual values depend on exact location, condition and specification. Consult our team for a detailed market appraisal.

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.

All properties in CentroTorrevieja area guide

Frequently Asked Questions

What are the total purchase costs?
For this apartment at EUR 179,000, purchase costs include 10% transfer tax (ITP) of EUR 17,900, notary fees around EUR 700, land registry approximately EUR 450, and legal fees of about EUR 2,166. Budget approximately EUR 21,216 in total buying costs on top of the purchase price.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this apartment at EUR 179,000, a 60% mortgage would be EUR 107,400, requiring a deposit of EUR 71,600. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 567. 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 apartment include: IBI property tax is EUR 279 per year; community fees are EUR 335 per quarter; 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 Maya Kallio to arrange an in-person viewing of this apartment in Centro. 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?
Torrevieja has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 3-bedroom apartment in Centro 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 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.

Price

€179,000€2,238/m²
Enquire Now+34 931 222 244

Ref: OH00847

Maya Kallio
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
3
Bathrooms
1
Build Size
80 m²
Energy Rating
G

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