Top-Floor 3-Bedroom Penthouse in El Molino, Torrevieja
El Molino, Torrevieja · AlicanteListed Jul 2026 · Updated 11 Oct 2026
3 Bed1 Bath68 m²Built 2003Energy: G
Description
A third-floor penthouse built in 2003 in El Molino, Torrevieja, this 68m2 apartment includes three bedrooms, one bathroom and an 11m2 private terrace. The flat occupies the top floor of a three-storey building equipped with a lift, and the complex includes a communal pool. Air conditioning is installed throughout, and all three bedrooms have built-in wardrobes.El Molino is a residential quarter in the western part of Torrevieja, close to everyday amenities including local shops and bus connections into the town centre. Torrevieja's salt lakes, Parque Natural de las Lagunas de La Mata y Torrevieja, are within a short drive, and the town's main promenade and beach are accessible by road or public transport. Alicante-Elche Airport is approximately 35 minutes away by car. The neighbourhood is well-suited to year-round living given its proximity to schools, supermarkets and healthcare facilities.Annual IBI is €192 and community fees are €63 per month. The property holds an energy rating of G. 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 ITP is calculated 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. Additional costs include notary fees (typically EUR 600 to 1,200), land registry fees (typically EUR 400 to 800) and legal fees of around 1% of the purchase price plus VAT.
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Built Area | 68 m² |
| Terrace | 11 m² |
| Floor | 3 of 3 |
| Year Built | Built 2003 (23 years) |
| Orientation | North-facing— Cooler in summer — lower air-conditioning costs |
| Energy Certificate | Rating G |
| Reference | OH02406 |
Features & Amenities
Climate & Comfort
- Air conditioning
Outdoor & Pool
- Communal pool
- Terrace
Security & Access
- Lift
Storage & Parking
- Built-in wardrobes
Interior
- Natural light
- Top-floor position
Other Features
- North-facing orientation
- Residential complex
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
El Molino, Torrevieja · 37.9824, -0.6805
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%) | €18,095 |
| Notary Fees | ~€700 |
| Land Registry | ~€450 |
| Legal Fees (1% + VAT) | ~€2,189 |
| Community Fees (monthly) | €63/mo |
| IBI Property Tax (annual) | €192/yr |
| Est. Total Purchase Costs | ~€21,434 (11.8%) |
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
Community Fees
€63/mo
€756/year · covers pool, gardens, common areas
IBI Property Tax
€192/yr
€16/month · municipal property tax
Total fixed costs€948/year (€79/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€2,661
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+61%
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 Molino, Torrevieja
Torrevieja is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What purchase taxes and costs apply to this property?
As a resale in the Valencian Community, this purchase carries ITP (Impuesto de Transmisiones Patrimoniales) transfer tax at 9% of the purchase price, rising to 11% on the entire value above €1,000,000. ITP 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 — so it is worth checking before you budget. Additional costs include notary fees (typically EUR 600 to 1,200), land registry fees (typically EUR 400 to 800) and solicitor fees of around 1% of the purchase price plus VAT.
Can I get a mortgage as a non-resident buyer in Spain?
Non-resident buyers can access mortgages from Spanish lenders, though the terms differ from those available to residents. Most lenders require a deposit of between 30% and 40% of the purchase price for non-residents. Variable and fixed interest rates currently range from approximately 3.5% to 4.5% depending on the lender, term and your financial profile. We recommend speaking with an independent mortgage broker who specialises in Spanish property finance.
What are the ongoing running costs for this property?
The annual IBI (local property tax) is €192. Community fees are €63 per month, covering maintenance of the communal areas and pool. These figures come from the listing record. You should also budget for home insurance and utilities, which will vary depending on usage.
How do I arrange a viewing?
You can request an in-person viewing through the contact form or by calling our team directly. If you are based outside Spain, we can arrange a live video viewing of the property so you can see every room and the terrace in real time before committing to travel.
Does this property have rental potential?
Torrevieja is a popular destination for short-term holiday lets and medium-term seasonal rentals, particularly from spring through to autumn. El Molino is a residential area, and while short-term rental licences are subject to local regulations in the Valencian Community, properties of this type and size do attract demand from both summer visitors and longer-term tenants. We recommend confirming the current licensing position with a local solicitor before purchasing with rental income in mind.
What does the purchase process involve?
The first step is obtaining an NIE (Número de Identidad de Extranjero), which is required for any property transaction in Spain. Once you agree terms, a reservation fee secures the property and takes it off the market. This is followed by a private purchase contract (contrato de arras), where typically 10% of the purchase price is paid. The sale is then completed before a notary, at which point the remaining balance and all applicable taxes and fees are paid. The property is subsequently registered in your name at the Land Registry. We advise engaging a qualified Spanish solicitor to oversee each stage independently.
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
- 1
- Build Size
- 68 m²
- Energy Rating
- G
