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OPEN-PLAN GROUND FLOOR READY FOR RENOVATION, IMPROVING FOR INVESTORS
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Channel Group Inmobiliarias - Elche
966 673 250
- 2
- 4
Propose a price
149.900 €
* Taxes not included in the price
Back to galery
The property has a floor area of 116 square metres, providing a solid and versatile foundation for creating a spacious and functional home. The property is currently undergoing renovation, presenting an excellent opportunity to personalise each space according to the future owner’s needs and preferences. This allows both the layout and the finishes to be adapted to a contemporary, modern or even more classic style, depending on the project to be carried out.
Depending on the planned layout, the property could feature three bedrooms, all of which are of a suitable size to ensure comfort, privacy and functionality. This number of rooms makes it an ideal choice for both families and those seeking additional space for an office, dressing room or guest bedrooms.
Furthermore, the property includes two full bathrooms, a feature particularly valued in homes of this type, as it provides greater comfort and practicality in everyday life. The ability to design these spaces from scratch allows for the selection of materials, sanitaryware and finishes in line with current standards of quality and design, significantly increasing the property’s final value.
The fact that it is a ground-floor property adds significant added value, providing direct access without the need for stairs or lifts, making it a particularly attractive option for all types of buyers, including families, older people or as a rental investment. Furthermore, this type of property typically offers greater independence and a sense of spaciousness compared to other types of flats within residential buildings.
Another major attraction of this property lies in its potential for appreciation. As it is at a stage where the refurbishment can be completed to the buyer’s taste, there is the opportunity to create a fully updated home, with modern facilities, an optimised layout and high-quality finishes, significantly increasing its value in the property market.
Its location on one of Torrevieja’s main streets also guarantees excellent visibility and accessibility, which could offer further opportunities depending on the intended use of the property, always in accordance with current regulations.
Overall, this property represents a unique opportunity for those seeking a spacious home in the city centre with the advantage of being able to fully personalise it. Its size, location, potential for renovation and layout possibilities make it a highly attractive investment, both for residential use and for property development.
In short, this is a property with great potential, ideal for realising a bespoke housing project in one of the city’s most sought-after and dynamic areas.
**In compliance with the information obligations established by Law 10/2025 of 28 December on customer service and transparency, as well as the applicable sector-specific regulations currently in force, it is hereby stated that the indicated sale price does not include the expenses and taxes inherent to the acquisition of the property, which shall be borne by the purchasing party and are detailed below:**
# TAXES PAYABLE ON RESIDENTIAL PROPERTIES
## First transfer (new build properties)
### Value Added Tax (VAT)
**10% (General Rate):**
Applicable to the vast majority of newly built residential properties, including up to a maximum of two parking spaces and any annexes transferred together with the property within the same building.
**4% (Reduced Rate):**
Applicable exclusively to Officially Protected Housing (VPO – *Viviendas de Protección Oficial*) under a special regime or publicly promoted housing programmes.
Further information:
https://sede.agenciatributaria.gob.es/Sede/iva/iva-operaciones-inmobiliarias/compro-vivienda-tengo-que-pagar-itp.html
### Stamp Duty / Tax on Documented Legal Acts (IAJD)
**1.4% (General Rate):**
This is the standard rate applicable to public deeds of sale and purchase of newly built properties subject to VAT.
**0.1% (Super-reduced Rate):**
Special tax benefit applicable when the newly built property is intended to be the purchaser’s first habitual residence.
The current applicable rates, including the latest tax updates introduced by the Generalitat Valenciana, are detailed at:
https://hisenda.gva.es/es/web/tributos/beneficis-fiscals-2026
---
## Second transfer (resales / second-hand properties)
### Property Transfer Tax (ITP – *Impuesto sobre Transmisiones Patrimoniales*)
The applicable tax rate in the Autonomous Community of Valencia shall be **9%** (generally), without prejudice to reduced rates of **8%, 6%, 4% or 3%** that may apply depending on the purchaser’s personal circumstances or the characteristics of the property.
The tax is assessed on the **Cadastral Reference Value (Valor de Referencia del Catastro)** or the sale price, whichever is higher.
For comprehensive information regarding the operation, tax rates and tax benefits applicable to ITP in the Valencian Community, please consult the official website of the Valencian Tax Agency at:
https://atv.gva.es/es/itpajd
---
# TAXES PAYABLE ON COMMERCIAL PREMISES, INDUSTRIAL UNITS AND OFFICES
## First transfer (new build) of commercial premises, industrial units or offices
When the seller is the developer, builder or a business entity carrying out the first transfer, the transaction is subject to:
* **VAT at 21%**
(If the purchaser is a business/professional entity entitled to VAT deduction, the VAT paid may be recovered.)
* **Stamp Duty / Tax on Documented Legal Acts (AJD) at 1.4%**
---
## Second transfer of used commercial premises, industrial units or offices
When the transaction is not subject to VAT, the purchase is subject to:
### Property Transfer Tax (ITP)
* **9%** on the taxable base up to **€1,000,000**
* **11%** on the amount exceeding **€1,000,000**
---
## Second transfer between businesses with waiver of VAT exemption
This remains one of the most common transactions involving industrial units, office buildings and commercial premises acquired as investments.
Where the waiver of VAT exemption applies, the transaction is subject to:
* **VAT at 21%**
* **Stamp Duty / AJD at 1.4%**
If the purchaser is a business entity entitled to VAT deduction, the VAT paid may be recovered.
---
# COMMON EXPENSES APPLICABLE TO RESALES, NEW BUILD RESIDENTIAL SALES AND SALES OF COMMERCIAL PREMISES, INDUSTRIAL UNITS AND OFFICES
### • Notary Fees
Notarial fees shall be calculated in accordance with the official tariff regulated in Annex I of Royal Decree 1426/1989 of 17 November, approving the Notarial Fee Schedule.
### • Land Registry Fees
Registration of the property transfer at the Land Registry shall be invoiced according to the official tariff established in Annex I of Royal Decree 1427/1989 of 17 November.
### • Administrative Management Fees (Gestoría)
Fees for administrative processing, tax settlement and registration at the Land Registry amount to approximately **€423.50 (VAT included).**
### • Estate Agency Fees
Included in the advertised sale price (PVP) and paid by the seller.
### • Buyer’s Estate Agency Fees
Please be advised that, in certain cases, professional fees may be payable by the purchaser where they have contracted property acquisition services (**PSI – Personal Shopper Inmobiliario**).
**These fees are not linked to the purchase price of the property and are not included in it.**
Property Features
- Reference A03949
- Type of Operation For sale
- Type of property Apartment
- Zone / City torrevieja / Torrevieja
- Built Surface 116 m2
- Condition To refurbish
- Bedrooms 4
- Bathrooms 2
- Year built 1975
- Orientation South
- Exterior type External
- Community fees 35€ / Monthly
- Interior Carpentry Wood
- Exterior Carpentry Aluminum / Climalit
- Type of Floor Rustic
- Views Clear view
- Distance to the sea 700 Metres
- Tax 165€
- Regime Libre
- Light
- Tv
- Exterior
- Diaphanous
- Bright
- Clear Views
- Hospitals
- Coastal Area
- Buses
- Shopping Centers
- Playground
- Supermarkets
Energy Efficiency Rating
| Pending | Energy Consumption kWh/m2 Year |
Consumer Kg CO2/m2 Year |
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