This 65 m2 studio townhouse in La Siesta, Torrevieja is listed at EUR 129,969, giving a price per m2 of approximately EUR 2,000. The property has 2 bathrooms and is arranged across a ground floor, making it accessible without stairs. The energy rating is G, which is typical for older Spanish townhouses and is worth factoring into running cost estimates. Buyers should confirm the bedroom configuration directly with the agent, as the current layout is recorded as open-plan.La Siesta is a residential neighbourhood in the southern part of Torrevieja, set back from the seafront but within easy reach of the N-332 and local amenities. The area has its own small commercial strip with supermarkets, bars, and convenience stores within walking distance. Torrevieja's salt lakes and the Parque de Las Naciones are both reachable within a short drive from La Siesta. Alicante-Elche Airport is approximately 35 minutes away by car.Running costs for this property include no recorded community fees. The IBI (annual council tax) figure was not provided by the vendor and should be confirmed before exchange. The energy certificate is rated G, so buyers planning to let the property should budget for potential upgrades to meet future rental regulations. Purchase costs in Alicante province include ITP transfer tax at 10% of the purchase price, notary fees of approximately EUR 600 to 1,200, land registry fees of approximately EUR 400 to 800, and legal fees of around 1% plus VAT.
Property Details
Property Type
Townhouse
Bedrooms
0
Bathrooms
2
Built Area
65 m²
Floor
0
Energy Certificate
Rating G
Reference
OH02254
Features & Amenities
Interior
Ground floor
Other Features
2 bathrooms
65 m2 build
Energy rating G
No community fees
35 minutes from Alicante-Elche Airport
Distances & Nearby
✈️
airport
35 min (Alicante-Elche ALC)
Location
La Siesta, Torrevieja · 38.0191, -0.6907
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%)
€12,997
Notary Fees
~€700
Land Registry
~€450
Legal Fees (1% + VAT)
~€1,573
Est. Total Purchase Costs
~€15,720 (12.1%)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€2,000
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+21%
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 La Siesta, Torrevieja
Torrevieja is one of the most popular destinations on Spain's Costa Blanca.
What are the estimated purchase costs on top of the asking price?
For a resale property in Alicante province, you will pay ITP (Impuesto de Transmisiones Patrimoniales) at 10% of the purchase price, which on EUR 129,969 amounts to approximately EUR 13,000. On top of that, budget for notary fees of EUR 600 to 1,200, land registry fees of EUR 400 to 800, and legal fees of roughly 1% of the purchase price plus VAT. In total, allow for approximately 12 to 13% of the purchase price in additional costs.
Can non-residents get a mortgage on this property?
Yes. Spanish banks typically offer non-resident buyers a loan-to-value ratio of 60 to 70%, meaning you would need a deposit of 30 to 40% of the purchase price. On EUR 129,969, that equates to a deposit of roughly EUR 39,000 to EUR 52,000. Current variable and fixed mortgage rates in Spain range from approximately 3.5% to 4.5% depending on the lender and your financial profile.
What are the ongoing running costs for this townhouse?
No community fees are recorded for this property. The annual IBI (council tax) figure has not been provided by the vendor; please ask the agent to obtain this from the town hall records before making an offer. You should also factor in utility standing charges and, given the G energy rating, potentially higher-than-average heating and cooling costs.
Can I arrange a viewing remotely?
Yes. OceanHome can arrange a video viewing via WhatsApp or video call at a time that suits you, so you can see the layout and condition of the property before travelling to Spain. In-person viewings in La Siesta, Torrevieja can be arranged with 24 to 48 hours' notice.
Is this property suitable as a rental investment?
Torrevieja is a popular tourist destination with strong summer demand, and La Siesta attracts longer-stay visitors and seasonal residents. A studio townhouse at this price point can appeal to budget-conscious renters. However, the G energy rating may restrict short-term tourist rental licences under evolving regional regulations; buyers should verify current licensing requirements with a local lawyer before purchasing with a rental strategy in mind.
What does the purchase process involve?
First, you will need a Spanish NIE (Número de Identificación de Extranjero), which can be obtained at a Spanish consulate in the UK or at a local police station in Spain. Once you agree a price, a reservation fee (typically EUR 3,000 to 6,000) takes the property off the market. This is followed by a private purchase contract (arras), where you pay around 10% of the price, and finally completion is signed before a Spanish notary, at which point the remaining balance and all taxes are paid.