Renovated Duplex Penthouse in Playa de los Locos, Torrevieja
Centro, Torrevieja · AlicanteListed Jul 2026 · Updated 6 Sept 2026
2 Bed2 Bath91 m²Built 1988Energy: G
Description
This 91 m2 duplex penthouse in Playa de los Locos spans two floors and carries no community fees, making it one of the more cost-efficient options in the neighbourhood. Built in 1988, the property has undergone several improvements in the past year, including a full bathroom renovation, new kitchen flooring, a complete electrical system upgrade, and fresh internal paintwork. The east-facing orientation brings natural light into the living spaces from early morning. Outdoor space includes an entrance terrace and two separate balconies, one accessed from the kitchen and one from the master bedroom.Playa de los Locos is a residential area of Torrevieja located close to two of the city's most-used beaches, Los Locos Beach and El Cura Beach. Both are within a five-minute walk of the building and are served by seafront promenades lined with restaurants and cafés. The neighbourhood has good access to Torrevieja's town centre and its weekly markets on Calle Patricio Pérez and the Friday market in the port area.Annual IBI is EUR 195. There are no community fees. The property holds an energy rating of G. Alicante-Elche Airport is approximately 35 minutes by road. The building was constructed in 1988 and the property is priced as a resale, with ITP transfer tax applicable at 9% of the purchase price in the Valencian Community, rising to 11% on the entire value above EUR 1,000,000. Reduced rates and local allowances may apply if you meet this region's conditions, for example age, large-family or disability status, or buying a primary residence. Note that ITP is charged on the higher of the price paid and the property's official reference value.
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 91 m² |
| Floor | 0 |
| Year Built | Built 1988 (38 years) |
| Orientation | East-facing— Morning sunshine — keeps the property cool in summer afternoons |
| Energy Certificate | Rating G |
| Reference | OH02401 |
Features & Amenities
Climate & Comfort
- Air conditioning
Outdoor & Pool
- Terrace
- Two balconies
Interior
- Renovated bathroom
- New kitchen flooring
- Natural light throughout
Other Features
- Duplex layout
- Upgraded electrical system
- East-facing orientation
- No community fees
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
Centro, Torrevieja · 37.9816, -0.6666
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%) | €14,300 |
| Notary Fees | ~€700 |
| Land Registry | ~€450 |
| Legal Fees (1% + VAT) | ~€1,730 |
| IBI Property Tax (annual) | €195/yr |
| Est. Total Purchase Costs | ~€17,180 (12.0%) |
Annual Running Costs
Fixed costs you'll pay as a property owner, excluding utilities (electricity, water, internet).
IBI Property Tax
€195/yr
€16/month · municipal property tax
Total fixed costs€195/year (€16/month)
Investment Snapshot
How this property compares to the local Torrevieja market.
Price per m²
€1,571
this property
Torrevieja Average
~€1,650
per m² (resale)
Difference
-5%
below average
In line with local market rates
Market data is indicative. Actual values depend on exact location, condition and specification. Consult our team for a detailed market appraisal.
About Centro, Torrevieja
Torrevieja is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What purchase costs should I budget for beyond 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 EUR 1,000,000. Note that 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 this region's conditions — for example age, large-family or disability status, or buying a primary residence — worth checking before you budget. Additional costs typically include notary fees (EUR 600–1,200), land registry fees (EUR 400–800), and legal fees at around 1% of the purchase price plus VAT.
Can I get a mortgage on this property as a non-resident?
Non-resident buyers can typically obtain a mortgage in Spain, though lenders generally require a deposit of 30–40% of the purchase price. Interest rates for Spanish mortgages currently range from approximately 3.5% to 4.5%, depending on the lender, term, and whether you opt for a fixed or variable rate. An independent mortgage broker familiar with the Spanish market can help you compare products.
What are the ongoing running costs for this property?
The annual IBI (council tax) is EUR 195. There are no community fees, which removes a recurring cost that applies to many comparable properties in the area. The property holds an energy rating of G. Additional running costs such as utilities and home insurance will depend on your usage and chosen providers.
Can I arrange a viewing remotely?
Yes. In-person viewings can be arranged through our agents, and we also offer video viewings for buyers who are not yet in Spain or prefer to carry out an initial assessment from home. Contact us to schedule either option at a time that suits you.
Is this property suitable as a rental investment?
Playa de los Locos has consistent demand for short-term holiday rentals given its proximity to two beaches and Torrevieja's year-round visitor trade. To let the property on a tourist basis in the Valencian Community, you will need a tourist licence from the regional authorities. We recommend speaking to a local property manager about achievable occupancy levels and rental income before committing.
What does the buying process look like in Spain?
First, you will need a Spanish tax identification number (NIE), which your solicitor can help you obtain. Once you agree a price, a reservation fee is typically paid to take the property off the market. This is followed by a private purchase contract (arras), where a deposit of around 10% is paid and both parties are contractually bound. Completion takes place before a notary, at which point the balance is paid and ownership transfers. We recommend appointing an independent Spanish solicitor before signing anything.
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
- 2
- Bathrooms
- 2
- Build Size
- 91 m²
- Energy Rating
- G
