1st-Floor 4-Bedroom Apartment on Paseo Marítimo, Torrevieja
Centro, Torrevieja · AlicanteListed Jul 2026 · Updated 11 Oct 2026
4 Bed2 Bath164 m²Built 1978Energy: G
Description
A south-facing, first-floor apartment of 164m² sits directly on the seafront promenade in Paseo Marítimo, one of Torrevieja's most central and recognisable addresses. Built in 1978, the apartment offers four bedrooms, two bathrooms, a separate laundry room and an 8m² terrace with direct views of the marina. The building has a lift. The layout is in original condition throughout, giving a buyer full scope to configure and finish the space to their own specification.Paseo Marítimo runs along Torrevieja's western seafront, with the Real Club Náutico directly across the road. Plaza de la Iglesia and Plaza del Teatro are within easy walking distance, as are the town's main shops, pharmacies and daily services. Alicante-Elche Airport is approximately 35 minutes by car. The position on Paseo Marítimo cannot be replicated by renovation: it is a fixed asset of the address.Community fees are EUR 38 per month and the annual IBI is EUR 550. The energy rating is G, which is typical of unrenovated 1970s construction and reflects the transformation potential of the property. For buyers considering a rental strategy, Torrevieja is a designated tourist area with a strong short-stay market driven by its proximity to the saltwater lagoons and the marina.
Property Details
| Property Type | Apartment |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Built Area | 164 m² |
| Terrace | 8 m² |
| Floor | 1 |
| Year Built | Built 1978 (48 years) |
| Orientation | South-facing— Maximum sunshine throughout the day — ideal for terraces and pools |
| Energy Certificate | Rating G |
| Reference | OH02404 |
Features & Amenities
Climate & Comfort
- Air conditioning
Outdoor & Pool
- Terrace
Security & Access
- Lift
Storage & Parking
- Built-in wardrobes
- Laundry room
Other Features
- Marina views
- South-facing orientation
- Seafront promenade position
- Four bedrooms
- Full renovation potential
- Central location
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
Centro, Torrevieja · 37.9762, -0.6836
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/m²B
29 – 49kWh/m²C
50 – 79kWh/m²D
80 – 119kWh/m²E
120 – 179kWh/m²F
180 – 239kWh/m²GThis property
> 240kWh/m²Rating
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%) | €38,000 |
| Notary Fees | ~€950 |
| Land Registry | ~€650 |
| Legal Fees (1% + VAT) | ~€4,598 |
| Community Fees (monthly) | €38/mo |
| IBI Property Tax (annual) | €550/yr |
| Est. Total Purchase Costs | ~€44,198 (11.6%) |
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
Community Fees
€38/mo
€456/year · covers pool, gardens, common areas
IBI Property Tax
€550/yr
€46/month · municipal property tax
Total fixed costs€1,006/year (€84/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€2,317
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+40%
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.
Frequently Asked Questions
What purchase costs should I budget for on top of the asking price?
As a resale in the Valencian Community, this purchase carries ITP transfer tax at 9% of the purchase price, rising to 11% on the entire value above EUR 1,000,000. Note that tax is charged on the higher of the price paid and the property's official reference value, so treat any figure based on the asking price as a minimum. In addition, allow for notary fees of approximately EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and legal fees typically around 1% of the purchase price plus VAT. Reduced rates and local allowances may apply if you meet the Valencian Community's conditions — for example, age, large-family or disability status, or purchasing a primary residence — so it is worth checking before you finalise your budget.
Can I get a mortgage on this property as a non-resident?
Non-resident buyers in Spain can generally borrow up to 60-70% of the purchase price or bank valuation, whichever is lower, meaning a deposit of 30-40% is typically required. Current variable and fixed mortgage rates for non-residents are broadly in the range of 3.5-4.5%, though this varies by lender and borrower profile. We can refer you to independent mortgage brokers with experience in Costa Blanca purchases.
What are the ongoing running costs?
Community fees are EUR 38 per month. The annual IBI (council tax) is EUR 550. There is no basura (refuse collection charge) figure confirmed for this listing, so ask the agent to verify the current amount. As an older building with an energy rating of G, utility costs for heating and cooling may be higher than in more recently built or refurbished properties; a full renovation would be the main lever for improving that.
Can I view the apartment remotely before travelling to Spain?
Yes. We offer video viewings by appointment, which allow you to walk through the property with an agent in real time via video call. This is particularly useful for assessing the layout and condition before committing to a trip. In-person viewings can be arranged on weekdays and weekends with reasonable notice.
Is this property suitable for short-term rental?
Torrevieja is a designated tourist area with consistent demand for short-term lets, particularly during the summer months and around public holidays. The town's saltwater lakes, the marina and the central promenade draw visitors throughout the year. A four-bedroom apartment in this location has good rental scope, though the property would benefit from renovation before being marketed to tenants. You will need a tourist rental licence from the Valencian Community authorities before letting short-term, and the agent can advise on current licensing requirements.
What does the purchase process involve?
First, you will need a NIE (Número de Identificación de Extranjero), which is your Spanish tax identification number and is required for any property transaction. Once you agree a price, a reservation contract is signed and a holding deposit paid to take the property off the market. This is followed by the arras contract, a private purchase agreement under which both parties commit to the sale, typically with a 10% deposit from the buyer. Completion takes place before a Spanish notary, at which point the balance is paid and the title deed (escritura) is signed. The deed is then registered at the Land Registry. The full process from reservation to completion commonly takes six to twelve weeks.
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
- 4
- Bathrooms
- 2
- Build Size
- 164 m²
- Energy Rating
- G
