Three bedrooms, two bathrooms, and a private patio are contained within this 65 m² ground-floor apartment in Playa de los Locos, built in 1998 in a five-storey block served by a lift. The east-facing aspect brings morning light into the living area, which opens directly onto the enclosed patio. Air conditioning is installed and the block includes a communal pool.Playa de los Locos is a coastal residential district of Torrevieja, with the beach, local shops, and the Paseo Vista Alegre promenade all within walking distance of the block. Torrevieja's weekly Saturday market on Calle Ramón Gallud and the town's two salt lakes are reachable within a short drive. Alicante-Elche Airport is approximately 35 minutes away by road, making Playa de los Locos practical for owners who travel regularly.Community fees are €40 per month, covering maintenance of communal areas including the pool and lift. The annual IBI charge is €210. The apartment carries an energy rating of G, which is common for properties of this era in the area. The district attracts consistent holiday demand through the summer months, and the property may suit buyers considering short-term letting, subject to obtaining the required Valencian Community tourist licence.
Property Details
Property Type
Apartment
Bedrooms
3
Bathrooms
2
Built Area
65 m²
Floor
0 of 5
Year Built
Built 1998 (28 years)
Orientation
East-facing— Morning sunshine — keeps the property cool in summer afternoons
Energy Certificate
Rating G
Reference
OH02439
Features & Amenities
Climate & Comfort
Air conditioning
Outdoor & Pool
Private patio
Communal pool
Security & Access
Lift
Interior
Ground floor
Natural light throughout
Other Features
East-facing orientation
3 bedrooms
2 bathrooms
Built in 1998
Distances & Nearby
✈️
airport
35 min (Alicante-Elche ALC)
Location
Centro, Torrevieja · 37.9816, -0.6648
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%)
€19,900
Notary Fees
~€700
Land Registry
~€450
Legal Fees (1% + VAT)
~€2,408
Community Fees (monthly)
€40/mo
IBI Property Tax (annual)
€210/yr
Est. Total Purchase Costs
~€23,458 (11.8%)
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
Community Fees
€40/mo
€480/year · covers pool, gardens, common areas
IBI Property Tax
€210/yr
€18/month · municipal property tax
Total fixed costs€690/year (€58/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€3,062
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+86%
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 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 €1,000,000. 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. Reduced rates and local allowances may apply if you meet the region's conditions — for example age, large-family or disability status, or buying a primary residence — and are worth checking before you budget. Additional costs typically include notary fees of approximately EUR 600–1,200, land registry fees of EUR 400–800, and legal fees of around 1% of the purchase price plus VAT.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers can typically obtain a mortgage from a Spanish lender, but most banks lend up to 60–70% of the purchase price, meaning a deposit of 30–40% is usually required. Current rates from Spanish lenders broadly range from 3.5% to 4.5%, though your individual rate will depend on your financial profile and the lender. We recommend obtaining an agreement in principle before proceeding.
What are the ongoing running costs for this apartment?
The annual IBI is €210. Community fees are €40 per month, covering maintenance of communal areas including the pool and lift. You should also budget for utility contracts and buildings insurance. The property carries an energy rating of G, typical for blocks built in the late 1990s on the Costa Blanca.
Can I view the property remotely before travelling to Spain?
Yes. OceanHome can arrange a live video viewing via WhatsApp or video call at a time that suits you, allowing you to walk through the apartment and patio with one of our agents. In-person viewings in Playa de los Locos are also available by appointment.
Is this apartment suitable as a rental investment?
Playa de los Locos sees consistent holiday letting demand through the summer season. Short-term tourist lets are permitted in the Valencian Community provided the property holds a valid tourist licence, which must be obtained before marketing. We do not quote projected yields, as these depend on occupancy, management costs, and seasonal pricing.
What does the purchase process involve?
You will first need a Spanish tax identification number (NIE), obtainable through a Spanish consulate or via a gestor in Spain. Once an offer is accepted, a reservation agreement is signed and a holding deposit paid. A private purchase contract (arras) follows, at which point typically 10% of the purchase price is exchanged. Completion takes place before a Spanish notary. We strongly recommend appointing an independent Spanish solicitor to conduct due diligence throughout the process.
