Created by merging two separate homes, this 256 m² fourth-floor apartment in Torrevieja Centre offers 4 bedrooms, 3 bathrooms and a rooftop solarium with sea views. Built in 2001, the property spans a floor area rarely found in apartment buildings in the town centre. Two terraces add 16 m² of outdoor space, and a private parking space and storage room are included in the sale.Torrevieja Centre places you within walking distance of the Paseo Vista Alegre promenade and the Mercadona and Consum supermarkets on Calle Ramón Gallud. The weekly market at Calle Patricio Pérez draws local residents every Friday. Alicante-Elche Airport is approximately 35 minutes by car.Annual IBI is €1,200 and community fees are €300 per month. The property holds an energy rating of E. Torrevieja's proximity to the coast and its established short-let market make this a practical option for investors, with the town centre location supporting year-round demand.
Property Details
Property Type
Apartment
Bedrooms
4
Bathrooms
3
Built Area
256 m²
Terrace
16 m²
Floor
4
Year Built
Built 2001 (25 years)
Energy Certificate
Rating E
Reference
OH02436
Features & Amenities
Climate & Comfort
Air conditioning
Heating
Outdoor & Pool
Balcony
Terrace
Solarium
Patio
Security & Access
Gated urbanisation
Lift
Storage & Parking
Built-in wardrobes
Storage room
Laundry room
Pantry
Parking space
Distances & Nearby
✈️
airport
35 min (Alicante-Elche ALC)
Location
Centro, Torrevieja · 37.9782, -0.6851
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
EThis property
120 – 179kWh/m²
F
180 – 239kWh/m²
G
> 240kWh/m²
Rating
E
Below Average
Consumption
120 – 179
kWh/m²/year
Est. Annual Cost
€1,010 – €1,520
/year
How to improve the energy rating
Improving roof or wall insulation
Upgrading to LED lighting throughout
Installing solar panels for hot water
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)
€300/mo
IBI Property Tax (annual)
€1,200/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
€300/mo
€3,600/year · covers pool, gardens, common areas
IBI Property Tax
€1,200/yr
€100/month · municipal property tax
Total fixed costs€4,800/year (€400/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€1,484
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
-10%
below average
In line with local market rates
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 beyond 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. 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. Notary fees typically run €600–€1,200, land registry fees €400–€800, and legal fees around 1% of the purchase price plus VAT. Reduced rates and local allowances may apply if you meet this region's conditions — for example age, large-family or disability status, or buying a primary residence — worth checking before you budget.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers typically need a deposit of 30–40% of the purchase price, as Spanish lenders generally finance up to 60–70% for non-residents. Variable and fixed mortgage rates in Spain currently range from approximately 3.5% to 4.5% per annum, depending on the lender and your financial profile. We recommend obtaining a mortgage agreement in principle before making an offer.
What are the ongoing running costs for this property?
Annual IBI (council tax) is €1,200. Community fees are €300 per month, which covers maintenance of communal areas and the gated urbanisation. Utility bills — electricity, water and internet — are the owner's responsibility and will vary with usage.
Can I view this property remotely before travelling to Spain?
Yes. We offer video viewings via WhatsApp or video call, allowing you to tour the property with one of our agents in real time. We can also arrange an in-person visit at a time that suits you. Contact us to schedule either option.
Does this property have rental potential?
Torrevieja is a popular coastal destination with year-round visitor demand, and the town centre location suits both short-term holiday lets and longer residential lets. A short-let tourist licence will be required for holiday rentals in the Valencian Community; our team can advise on the application process and current licensing requirements.
What does the purchase process involve?
You will first need a Spanish tax identification number (NIE), which can be obtained at a local police station or through a legal representative. Once agreed, a reservation deposit is paid to take the property off the market. This is followed by a private purchase contract (contrato de arras), typically with a further deposit of around 10% of the purchase price. Completion takes place before a notary, at which point the balance is paid and the title deeds are signed. We strongly recommend appointing an independent Spanish solicitor to represent your interests throughout.
