Ground-Floor 2-Bedroom Bungalow in Los Balcones, Torrevieja
Los Balcones, Torrevieja · AlicanteListed Aug 2025
2 Bed1 Bath58 m²Built 1998Energy: G
Description
This ground-floor bungalow in Los Balcones measures 58m2 of built space, was constructed in 1998, and faces east to catch morning light across the living areas. The property has 2 bedrooms, 1 bathroom, a 6m2 terrace, a private patio, and a dedicated storage room. The ground-floor position means no stairs and direct access to the outdoor spaces, which suits year-round use. The communal pool is shared with the wider complex and is included within the monthly community fee.Los Balcones is a well-established residential district in the southern part of Torrevieja, positioned close to Calle Balsicas and the retail and restaurant strip along Avenida de los Europeos. The area has local supermarkets, a health centre, and several cafes and bars within comfortable walking distance. Torrevieja town centre and the salt lakes are reachable in under 10 minutes by car. Alicante-Elche Airport is approximately 35 minutes away, making Los Balcones a practical base for owners who travel regularly between Spain and northern Europe.At EUR 130,000, the price equates to approximately EUR 2,241 per m2. Annual IBI is EUR 129 and community fees are EUR 21 per month. The energy rating is G. Torrevieja is classified as a tourist municipality, and properties in Los Balcones are regularly let on short-term bases during the summer season, making this a practical option for buyers considering seasonal rental use alongside personal occupation.
Property Details
Property Type
Bungalow
Bedrooms
2
Bathrooms
1
Built Area
58 m²
Terrace
6 m²
Floor
0
Year Built
Built 1998 (28 years)
Orientation
East-facing— Morning sunshine — keeps the property cool in summer afternoons
Energy Certificate
Rating G
Reference
OH01829
Features & Amenities
Outdoor & Pool
Communal pool
Terrace
Patio
Balcony
Storage & Parking
Storage room
Interior
Ground floor
Natural light throughout
Other Features
East-facing orientation
Distances & Nearby
✈️
airport
35 min (Alicante-Elche ALC)
Location
Los Balcones, Torrevieja · 37.9658, -0.7298
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%)
€13,000
Notary Fees
~€700
Land Registry
~€450
Legal Fees (1% + VAT)
~€1,573
Community Fees (monthly)
€21/mo
IBI Property Tax (annual)
€129/yr
Est. Total Purchase Costs
~€15,723 (12.1%)
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
Community Fees
€21/mo
€252/year · covers pool, gardens, common areas
IBI Property Tax
€129/yr
€11/month · municipal property tax
Total fixed costs€381/year (€32/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€2,241
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
+36%
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 Los Balcones, 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 property in the Valencia Community (Alicante province), you will pay ITP (transfer tax) at 10% of the purchase price, which is EUR 13,000 on this property. Additional costs include notary fees (approximately EUR 600–1,200), land registry fees (approximately EUR 400–800), and solicitor fees of around 1% plus VAT. Total purchase costs typically add 12–13% on top of the agreed price.
Can I get a mortgage on this property?
Yes. Non-resident buyers can generally borrow up to 60–70% of the purchase price, meaning a deposit of 30–40% is required. On EUR 130,000, that equates to a minimum deposit of approximately EUR 39,000–52,000. Current variable and fixed mortgage rates from Spanish banks range from roughly 3.5% to 4.5% AER, though rates vary by lender and applicant profile.
What are the ongoing running costs?
The annual IBI (council tax) is EUR 129. Community fees are EUR 21 per month (EUR 252 per year), which cover maintenance of communal areas including the pool. You should also budget for utilities (water, electricity, internet) and contents insurance separately.
Can I arrange a viewing remotely?
Yes. We offer video viewings via WhatsApp or video call for buyers who cannot travel to Torrevieja immediately. Contact our team to schedule a live walkthrough of the property at a time that suits you. In-person viewings are also available by appointment.
Is this property suitable for holiday rental?
Torrevieja is a designated tourist area and Los Balcones sees consistent demand from summer visitors. Ground-floor bungalows with outdoor space and communal pool access are a popular rental format in this part of the Costa Blanca. You would need to obtain a tourist licence (licencia turística) from the Generalitat Valenciana before advertising the property for short-term lets.
How does the purchase process work in Spain?
First, you apply for a NIE (Número de Identificación de Extranjero), which is required for any property transaction in Spain. Once an offer is agreed, a reservation contract and deposit (typically EUR 3,000–6,000) takes the property off the market. This is followed by a private purchase contract (contrato de arras), where around 10% of the price is paid. Completion takes place before a Spanish notary, at which point the remaining balance is transferred and the title deeds (escritura) are signed.
