This 2-bedroom, 1-bathroom penthouse occupies the entire fourth and top floor of a residential building completed in 2008 in Centro, Torrevieja, with 75m2 of internal living space and a 30m2 south-west-facing terrace. The apartment sits on the fourth of four floors, served by a lift, and benefits from all-day afternoon sun on the terrace. Air conditioning and heating are installed throughout, and the orientation keeps the main living areas bright from midday onward.Centro is the commercial and civic heart of Torrevieja, with the weekly Thursday and Friday markets on Calle Ramón Gallud within walking distance. The Paseo Vista Alegre promenade and the salt lakes of Parque Natural de las Lagunas de la Mata are both reachable on foot, and Alicante-Elche Airport is approximately 35 minutes by road. The neighbourhood offers day-to-day convenience, with supermarkets, pharmacies and restaurants concentrated within a short radius of the building.Annual IBI is EUR 222 and monthly community fees are EUR 35. The energy performance certificate is rated E. Torrevieja's rental market is active year-round, supported by both long-term demand from residents and shorter seasonal lets, making this a practical choice for investors as well as owner-occupiers.
Property Details
Property Type
Penthouse
Bedrooms
2
Bathrooms
1
Built Area
75 m²
Terrace
30 m²
Floor
4 of 4
Year Built
Built 2008 (18 years)
Orientation
South-West-facing— Afternoon and evening sun — perfect for outdoor dining
Energy Certificate
Rating E
Reference
OH02261
Features & Amenities
Climate & Comfort
Air conditioning
Heating
Outdoor & Pool
Terrace
Balcony
Barbecue
Security & Access
Lift
Interior
Top floor
Natural light
Other Features
South-west orientation
Double glazing
Distances & Nearby
✈️
airport
35 min (Alicante-Elche ALC)
Location
Centro, Torrevieja · 37.9802, -0.6779
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 per year
Est. Annual Cost
€1,010 – €1,520
energy bills/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%)
€16,250
Notary Fees
~€700
Land Registry
~€450
Legal Fees (1% + VAT)
~€1,966
Community Fees (monthly)
€35/mo
IBI Property Tax (annual)
€222/yr
Est. Total Purchase Costs
~€19,366 (11.9%)
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
Community Fees
€35/mo
€420/year · covers pool, gardens, common areas
IBI Property Tax
€222/yr
€19/month · municipal property tax
Total fixed costs€642/year (€54/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€2,167
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+31%
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 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. 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 — so it is worth checking before you budget. On top of ITP, allow roughly EUR 600–1,200 for notary fees, EUR 400–800 for land registry fees, and around 1% of the purchase price plus VAT for legal representation.
Can I get a mortgage as a non-resident buyer?
Spanish lenders typically offer non-resident buyers a loan-to-value of 60–70%, meaning a deposit of 30–40% of the purchase price is usually required. Current variable and fixed rates broadly range from 3.5% to 4.5%, though the exact terms will depend on your financial profile and the lender. We recommend obtaining a mortgage agreement in principle before making an offer.
What are the ongoing running costs?
Annual IBI (council tax) is EUR 222. Monthly community fees are EUR 35, covering shared building maintenance and lift upkeep. There is no basura (refuse collection) figure on record for this property — your legal adviser can confirm the current charge. Total annual fixed costs excluding utilities are therefore approximately EUR 642 plus any basura levy.
Can I view the property remotely before travelling to Spain?
Yes. We offer video viewings by appointment for buyers who cannot travel immediately. A member of the OceanHome team will walk through the property live, or we can provide a pre-recorded video tour. In-person viewings can be arranged seven days a week at a time that suits you.
Is this property suitable as a rental investment?
Torrevieja holds a tourist licence zone and has consistent demand for both short-term holiday lets and longer residential rentals throughout the year. A fourth-floor penthouse with a private south-west-facing terrace and barbecue typically attracts good interest from summer visitors. We can introduce you to local property managers who can advise on realistic occupancy and achievable rents based on current market data.
What steps are involved in the purchase process?
First, you will need a Spanish NIE (foreigner identification number), which your solicitor can obtain on your behalf. Once your offer is accepted, a reservation agreement is signed and a holding deposit paid to take the property off the market. This is followed by a private purchase contract (arras), at which point typically 10% of the price is paid, with the balance transferred at the notary on completion. We recommend appointing an independent Spanish solicitor before the reservation stage.
