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1st Floor 1-Bedroom Apartment in Centro, Torrevieja

Centro, Torrevieja · AlicanteListed Mar 2026

1 Bed1 Bath59 m²Built 2000

Description

At EUR 138,900, this 1-bedroom apartment in Centro offers 59 m2 with 1 bathroom. The apartment faces south-east. The building dates from 2000. Centro is a residential area within Torrevieja. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 138,900 works out to EUR 2,354 per square metre. Annual IBI property tax is EUR 175. Community fees are EUR 25 per quarter. Transfer tax (ITP) in Alicante is 10%.

Property Details

Property TypeApartment
Bedrooms1
Bathrooms1
Built Area59 m²
Floor1
Year BuiltBuilt 2000 (26 years)
OrientationSouth-East-facing— Morning sun and bright afternoons
ReferenceOH02199

Features & Amenities

Outdoor & Pool
  • Communal pool
  • Terrace
Security & Access
  • Lift
Other Features
  • Near beach
  • South facing
  • Fitted kitchen

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

Centro, Torrevieja · 37.9819, -0.6685

Estimated Buying Costs

Approximate costs for a resale property in Valencian Community.

Transfer Tax (ITP 10%)€13,890
Notary Fees~€700
Land Registry~€450
Legal Fees (1% + VAT)~€1,681
Community Fees (monthly)€25/mo
IBI Property Tax (annual)€175/yr
Est. Total Purchase Costs~€16,721 (12.0%)

Annual Running Costs

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

Community Fees

€25/mo

€300/year · covers pool, gardens, common areas

IBI Property Tax

€175/yr

€15/month · municipal property tax

Total fixed costs€475/year (€40/month)

Investment Snapshot

How this property compares to the local Torrevieja market.

Price per m²

€2,354

this property

Torrevieja Average

~€3,235

per m² (resale)

Difference

-27%

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

How much does it cost to buy this property?
For this apartment at EUR 138,900, purchase costs include 10% transfer tax (ITP) of EUR 13,890, notary fees around EUR 700, land registry approximately EUR 450, and legal fees of about EUR 1,681. Budget approximately EUR 16,721 in total buying costs on top of the purchase price.
Is mortgage financing available?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this apartment at EUR 138,900, a 60% mortgage would be EUR 83,340, requiring a deposit of EUR 55,560. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 440. 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 apartment include: IBI property tax is EUR 175 per year; community fees are EUR 25 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.
Can I book 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.
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 1-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.
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.

Price

€138,900€2,354/m²
Enquire Now+34 931 222 244

Ref: OH02199

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
1
Bathrooms
1
Build Size
59 m²

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