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Ground-Floor 5-Bedroom Villa in La veleta, Torrevieja

La Veleta, Torrevieja · AlicanteListed Jun 2024

5 Bed3 Bath462 m²699 m² plotBuilt 1992Energy: G

Description

This detached 5-bedroom villa in La veleta stands on a 699 m2 plot with 462 m2 of built area. The interior includes built-in wardrobes. The villa faces south. The building dates from 1992. La veleta is a residential area within Torrevieja. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 1,200,000 works out to EUR 2,597 per square metre. Annual IBI property tax is EUR 1326. The energy rating is G. A storage room comes with the property. Transfer tax (ITP) in Alicante is 10%. The plot covers 699 m2. The terrace area measures 40 m2. The property has a private swimming pool. The garden provides additional outdoor space. A private solarium offers open-air relaxation. There is a barbecue area.

Property Details

Property TypeVilla
Bedrooms5
Bathrooms3
Built Area462 m²
Terrace40 m²
Plot Size699 m²
Floor0 of 2
Year BuiltBuilt 1992 (34 years)
OrientationSouth-facing— Maximum sunshine throughout the day — ideal for terraces and pools
Energy CertificateRating G
ReferenceOH00772

Features & Amenities

Climate & Comfort
  • Fireplace
Outdoor & Pool
  • Private pool
  • Terrace
  • Solarium
  • Garden
  • Balcony
  • Barbecue
  • Patio
Storage & Parking
  • Storage room
  • Built-in wardrobes
  • Pantry
  • Laundry room
Interior
  • Bright and airy
Other Features
  • Corner position

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

La Veleta, Torrevieja · 37.9607, -0.7031

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
B
C
D
E
F
GThis property

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%)€120,000
Notary Fees~€1,200
Land Registry~€850
Legal Fees (1% + VAT)~€14,520
IBI Property Tax (annual)€1,326/yr
Est. Total Purchase Costs~€136,570 (11.4%)

Annual Running Costs

Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).

IBI Property Tax

€1,326/yr

€111/month · municipal property tax

Total fixed costs€1,326/year (€111/month)

Investment Snapshot

How this property compares to the local Torrevieja market.

Price per m²

€2,597

this property

Torrevieja Average

~€3,235

per m² (resale)

Difference

-20%

below average

Below area average — potential value buy

Market data is indicative. Actual values depend on exact location, condition and specification. Consult our team for a detailed market appraisal.

About La Veleta, Torrevieja

La Veleta is one of Torrevieja's most exclusive residential enclaves, characterised by spacious detached villas on generous plots near the seafront. The neighbourhood benefits from Torrevieja's famous microclimate, influenced by the nearby pink and green salt lagoons that create exceptionally healthy air quality. Residents enjoy proximity to beaches, the Habaneras shopping centre and the town's vibrant promenade, while the area retains a peaceful, leafy character.

All properties in La VeletaTorrevieja area guide

Frequently Asked Questions

What are the total purchase costs?
For this villa at EUR 1,200,000, purchase costs include 10% transfer tax (ITP) of EUR 120,000, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 14,520. Budget approximately EUR 136,520 in total buying costs on top of the purchase price.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this villa at EUR 1,200,000, a 60% mortgage would be EUR 720,000, requiring a deposit of EUR 480,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 3800. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What are the running costs?
Annual running costs for this villa include: IBI property tax is EUR 1326 per year; home insurance runs EUR 200-400 annually; utility bills (electricity, water, internet) average EUR 150-250 per month. Non-resident owners also pay annual income tax (IRNR) on a deemed rental value, typically EUR 300-600 per year for a property at this price level.
How can I arrange a viewing?
Contact Maya Kallio to arrange an in-person viewing of this villa in La veleta. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Is this a good rental investment?
Torrevieja has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 5-bedroom villa in La veleta can attract bookings year-round. You will need a tourist licence from the regional government. Note that rental income is subject to Spanish tax for non-residents.
What is the buying process in Spain?
The Spanish buying process starts with obtaining an NIE (foreigner identification number). After agreeing a price, you sign a reservation contract with a deposit (typically EUR 3,000-6,000). The next step is the arras contract, where you pay 10% of the price. Completion takes place at a notary, where the escritura (title deed) is signed and the balance paid. The whole process typically takes 6-10 weeks from reservation to completion.

Price

€1,200,000€2,597/m²
Enquire Now+34 931 222 244

Ref: OH00772

Maya Kallio
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
villa
Bedrooms
5
Bathrooms
3
Build Size
462 m²
Plot Size
699 m²
Energy Rating
G

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