2nd-Floor 3-Bedroom Apartment in Playa de los Locos, Torrevieja
Centro, Torrevieja · AlicanteListed Jun 2026
3 Bed2 Bath120 m²Energy: G
Description
This east-facing apartment on the second floor covers 120 m² of built space across 3 bedrooms and 2 bathrooms. The east orientation brings morning light into the main living areas throughout the day, and the terrace extends the usable space outdoors for much of the year. The building has a lift, and all bedrooms include built-in wardrobes, making the layout practical for full-time residents and holiday use alike.Playa de los Locos is one of Torrevieja's most recognisable coastal neighbourhoods, named after the popular beach of the same name. The area sits within walking distance of the seafront promenade and the local shops, cafés, and bars along Calle Ebro and Avenida Doctor Gregorio Marañón. Public bus routes serving central Torrevieja stop nearby, and Alicante-Elche Airport is approximately 35 minutes away by car, making Playa de los Locos a practical base for frequent travellers. The neighbourhood has a year-round residential community alongside strong seasonal visitor numbers.At EUR 350,000, the price per m² works out at approximately EUR 2,917. Community fees are EUR 128 per month and the IBI is EUR 478 per year. The property holds an energy rating of G. Torrevieja is classified as a tourist municipality, and properties in Playa de los Locos attract consistent short-term rental demand across the summer season, which may interest buyers considering letting the property when not in personal use. A tourist licence application would be required before any short-term letting can begin legally under Valencian Community regulations.
Property Details
Property Type
Apartment
Bedrooms
3
Bathrooms
2
Built Area
120 m²
Floor
2
Orientation
East-facing— Morning sunshine — keeps the property cool in summer afternoons
Energy Certificate
Rating G
Reference
OH02278
Features & Amenities
Outdoor & Pool
Terrace
Security & Access
Lift
Storage & Parking
Built-in wardrobes
Interior
2nd floor
Natural light throughout
Other Features
3 bedrooms
2 bathrooms
120 m² built
East-facing
Residential building
Distances & Nearby
✈️
airport
35 min (Alicante-Elche ALC)
Location
Centro, Torrevieja · 37.9838, -0.6602
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
< 29kWh/m²
B
29 – 49kWh/m²
C
50 – 79kWh/m²
D
80 – 119kWh/m²
E
120 – 179kWh/m²
F
180 – 239kWh/m²
GThis property
> 240kWh/m²
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%)
€35,000
Notary Fees
~€950
Land Registry
~€650
Legal Fees (1% + VAT)
~€4,235
Community Fees (monthly)
€128/mo
IBI Property Tax (annual)
€478/yr
Est. Total Purchase Costs
~€40,835 (11.7%)
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
Community Fees
€128/mo
€1,536/year · covers pool, gardens, common areas
IBI Property Tax
€478/yr
€40/month · municipal property tax
Total fixed costs€2,014/year (€168/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€2,917
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+77%
above average
Above area average — reflects premium features or location
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.
What are the purchase costs on top of the asking price?
As a resale property in the Valencia Community (Alicante province), you will pay ITP (transfer tax) at 10% of the purchase price, which is EUR 35,000 on this property. Additional costs include notary fees (approximately EUR 600–1,200), Land Registry fees (approximately EUR 400–800), and legal fees of around 1% plus VAT (approximately EUR 3,570 plus VAT). Budget for total purchase costs of roughly 12–13% on top of the price.
Can I get a mortgage as a non-resident?
Yes. Spanish banks typically lend non-residents up to 60–70% of the purchase price or valuation, whichever is lower, so you should expect to provide a deposit of around 30–40%. On EUR 350,000, that means having at least EUR 105,000–140,000 available, plus your purchase costs. Current variable and fixed rates from Spanish lenders sit broadly in the 3.5–4.5% range, though terms vary by lender and applicant profile.
What are the ongoing running costs?
The IBI (council tax) is EUR 478 per year and community fees are EUR 128 per month (EUR 1,536 per year). You should also allow for utility contracts (water, electricity) once ownership transfers. There is no basura (waste collection) figure currently held on file; the agent can confirm this amount on request.
Can I view the property remotely?
Yes. OceanHome can arrange a live video viewing via WhatsApp or your preferred video call platform if you are unable to travel to Torrevieja in person. An in-person viewing can be scheduled with advance notice through our Torrevieja office.
Is this property suitable for holiday rental?
Torrevieja is a designated tourist municipality and Playa de los Locos, as a named beach neighbourhood, attracts strong visitor demand from June through September. To let the property short-term legally, you will need to register for a tourist licence through the Generalitat Valenciana. Our agent can advise on the current application process and local management options.
What does the purchase process involve?
First, you obtain an NIE (Número de Identificación de Extranjero), which is required for any property purchase in Spain. Once you agree terms, a reservation contract and deposit (typically EUR 3,000–6,000) take the property off the market. This is followed by a private purchase contract (arras), where usually 10% of the price is paid. Completion takes place before a Spanish notary, at which point the remaining balance, taxes, and fees are settled and the title deeds are signed over to you.
