South-Facing 3-Bedroom Penthouse in Playa de los Locos, Torrevieja
Centro, Torrevieja · AlicanteListed Jul 2026 · Updated 17 Oct 2026
3 Bed2 Bath86 m²Built 1979Energy: G
Description
This 86 m² south-facing penthouse sits on the 4th floor of a 1979-built block in Playa de los Locos, Torrevieja, and benefits from a private terrace with open sea views. The property has 3 bedrooms, 2 bathrooms, a separate kitchen, and a balcony in addition to the terrace. A heat pump provides both heating and cooling throughout the year, and a lift serves all floors. Built-in wardrobes feature in the bedrooms, and the southern orientation means natural light reaches the main living areas for most of the day.Playa de los Locos is a residential coastal neighbourhood directly on Torrevieja's southern seafront. The area is walkable to the beach, the Paseo Juan Aparicio promenade, and a range of everyday shops and cafés along Calle Patricio Pérez and the surrounding streets. Alicante-Elche Airport is approximately 35 minutes by car. The neighbourhood sits close to Torrevieja's central amenities, including the weekly Saturday market and the town's salt lakes, which are within a short drive.Annual IBI is €250 and community fees are €32 per month. The property carries an energy rating of G. Torrevieja is a recognised tourist area with a strong short-term rental market, and a 4th-floor sea-view penthouse in Playa de los Locos is a property type with consistent seasonal demand. 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. 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 this is worth checking before you budget.
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 86 m² |
| Floor | 4 |
| Year Built | Built 1979 (47 years) |
| Orientation | South-facing— Maximum sunshine throughout the day — ideal for terraces and pools |
| Energy Certificate | Rating G |
| Reference | OH02403 |
Features & Amenities
Climate & Comfort
- Heat pump (heating and cooling)
Outdoor & Pool
- Terrace with sea views
- Balcony
Security & Access
- Lift
Storage & Parking
- Built-in wardrobes
Interior
- 4th floor
- Natural light
Other Features
- South-facing orientation
- 3 bedrooms
- 2 bathrooms
- Separate kitchen
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
Centro, Torrevieja · 37.9840, -0.6627
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%) | €19,490 |
| Notary Fees | ~€700 |
| Land Registry | ~€450 |
| Legal Fees (1% + VAT) | ~€2,358 |
| Community Fees (monthly) | €32/mo |
| IBI Property Tax (annual) | €250/yr |
| Est. Total Purchase Costs | ~€22,998 (11.8%) |
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
Community Fees
€32/mo
€384/year · covers pool, gardens, common areas
IBI Property Tax
€250/yr
€21/month · municipal property tax
Total fixed costs€634/year (€53/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€2,266
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+37%
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 are the purchase costs for this property?
As a resale in the Valencian Community, the main transfer tax is ITP 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. Additional costs include notary fees (typically €600–€1,200), land registry fees (typically €400–€800), and legal fees of 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 buying a primary residence — so it is worth checking your eligibility before you budget.
Can non-residents get a mortgage on this property?
Spanish lenders typically offer non-residents a loan-to-value ratio of 60–70%, meaning a deposit of 30–40% of the purchase price is usually required. Current variable and fixed rates are broadly in the 3.5–4.5% range, though individual offers will vary by lender, nationality, and financial profile. We can refer you to a local independent mortgage broker if you would like to explore your options.
What are the ongoing running costs?
The annual IBI (council tax) for this property is €250. Community fees are €32 per month, which covers shared building maintenance and lift upkeep. Utility bills for electricity, water, and internet will depend on usage. The property's energy rating is G, so energy costs may be higher than for a more recently insulated building.
How do I arrange a viewing?
You can request an in-person viewing through our Torrevieja office or via the contact form on this listing. If you are based outside Spain, we can arrange a live video viewing at a time that suits you, so you can walk through the property remotely before committing to a trip.
Is this property suitable as a rental investment?
Torrevieja is a recognised tourist destination and Playa de los Locos is one of its most active coastal neighbourhoods for short-term lets. A 4th-floor south-facing penthouse with sea views and a terrace typically performs well in the summer rental market. A tourist licence will be required to let the property legally on a short-term basis; your legal adviser can confirm current Valencian Community licensing requirements before purchase.
What does the purchase process involve?
You will first need a Spanish NIE (foreigner identification number), which your solicitor can obtain on your behalf. Once you have agreed a price, you pay a reservation fee to take the property off the market, followed by a private purchase contract (arras) in which a deposit of around 10% is paid and both parties are legally bound. The remaining balance is transferred at the notary on the completion date, when ownership passes to you and the title deed (escritura) is signed. The purchase is then registered at the land registry. We recommend appointing an independent Spanish solicitor before you sign anything.
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
- penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 86 m²
- Energy Rating
- G
