Built in 1990, this 51 m² ground-floor apartment at El Paraíso residential complex in El Acequión sits directly beside the communal pool, with views of the water from the living room. The open-plan living and dining area is a practical size for one or two occupants, and the kitchen is fitted with full-height wooden cabinetry providing generous storage. The double bedroom is served by a bathroom with a walk-in shower, and a private storage room is included with the property.El Acequión is a low-rise residential quarter on the southern edge of Torrevieja, centred roughly around Avenida de las Habaneras. The neighbourhood has its own supermarkets, pharmacies and cafés along Habaneras and the surrounding streets. Torrevieja's salt lagoons and their walking paths are within easy reach, and the town's main beaches along Paseo Juan Aparicio lie within a short distance. Alicante-Elche Airport is approximately 35 minutes by car.Community fees are €150 per month, which covers maintenance of the communal pool and gardens. The annual IBI charge is €153. The property holds an energy rating of G. El Acequión sees consistent rental demand from visitors, making the apartment a viable short-let option when not in personal use. 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 assessed on the higher of the price paid and the property's official reference value. 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.
Property Details
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Built Area
51 m²
Floor
0
Year Built
Built 1990 (36 years)
Energy Certificate
Rating G
Reference
OH02389
Features & Amenities
Climate & Comfort
Air conditioning
Outdoor & Pool
Communal pool
Communal gardens
Storage & Parking
Private storage room
Walk-in shower
Interior
Ground floor
Other Features
Wooden kitchen cabinetry
Double bedroom
Mains water
Electricity connected
Distances & Nearby
✈️
airport
35 min (Alicante-Elche ALC)
Location
El Acequion, Torrevieja · 37.9675, -0.7025
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%)
€13,200
Notary Fees
~€700
Land Registry
~€450
Legal Fees (1% + VAT)
~€1,597
Community Fees (monthly)
€150/mo
IBI Property Tax (annual)
€153/yr
Est. Total Purchase Costs
~€15,947 (12.1%)
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
Community Fees
€150/mo
€1,800/year · covers pool, gardens, common areas
IBI Property Tax
€153/yr
€13/month · municipal property tax
Total fixed costs€1,953/year (€163/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€2,588
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+57%
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 El Acequion, Torrevieja
Torrevieja is one of the most popular destinations on Spain's Costa Blanca.
What are the purchase costs 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. Note that tax is assessed 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. On top of ITP, budget for notary fees (typically €600–1,200), land registry fees (typically €400–800) and legal fees (typically 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 — worth checking before you finalise your budget.
Can non-residents get a mortgage on this property?
Spanish lenders typically offer non-residents up to 60–70% loan-to-value, meaning a deposit of 30–40% of the purchase price is usually required. Current variable and fixed rates in Spain generally range between 3.5% and 4.5% annually, though the exact rate depends on your financial profile and the lender. A Spanish mortgage broker can provide a comparison across products before you commit.
What are the ongoing running costs?
Community fees are €150 per month, covering upkeep of the communal pool, gardens and shared areas. The annual IBI (local property tax) is €153. There is no basura (refuse collection) figure on file; please ask the agent to confirm the current charge. Utility costs for a one-bedroom apartment of this size are typically modest, though they vary with usage and tariff.
Can I view this apartment remotely before travelling?
Yes. OceanHome can arrange a live video viewing at a time that suits you, allowing you to walk through the property, ask questions in real time and inspect the communal areas. Contact us to book either a video session or an in-person visit.
Is this apartment suitable as a rental investment?
El Acequión is part of a coastal tourist area with consistent seasonal demand, and ground-floor apartments with communal pool access attract short-let bookings throughout the summer. A tourist rental licence is required in the Valencian Community; the agent can outline the current application process and any conditions that apply to properties within El Paraíso complex.
What does the purchase process involve?
First, obtain a Spanish NIE (tax identification number) — your solicitor can apply on your behalf. Once you agree terms, a reservation fee is 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 and the timetable to completion is set. The sale completes before a notary, who registers the title in your name. Using an independent Spanish solicitor throughout is strongly recommended.
