Apartment Of 54 M² In Torrevieja, Spain

Location and What’s Nearby

When considering a property, location is always a key factor. This apartment is about 1,400 meters from the beach, which translates to roughly a 15 to 20-minute walk. The neighborhood, Nueva Torrevieja, is described as a quiet and sought-after residential area. What that means in practical terms is that you’re within walking distance of a good range of amenities. You’ve got schools and nurseries nearby, which is handy if you have a family. There are also pharmacies for any health needs, supermarkets for your groceries, and a selection of cafes and shops for daily life and leisure. And, as mentioned, there’s the communal swimming pool, which is a great amenity for relaxing and cooling off, especially during warmer months.

Annual Expenses

For anyone looking at property ownership, understanding the ongoing costs is essential. For this apartment, the annual property tax, known as IBI, is set at €232. There’s also a bin tax, or ‘Basura’, which comes to €150 per year. The community fees, which cover the upkeep of communal areas like the pool and the building itself, are €470 annually. Adding these up, the total fixed annual holding cost for this property comes to €852. It’s important to remember that this figure doesn’t include your personal utility usage, like electricity, water, and internet, which would be separate expenses based on your consumption.

Investment and Living Potential

This apartment presents a couple of attractive possibilities. Firstly, because it’s fully renovated and comes furnished, it’s ready to move into straight away. This means you avoid the immediate hassle and expense of undertaking renovations or buying furniture. For those looking to buy a place to live in, this offers a smooth transition into a new home. Secondly, it’s positioned as a good option for an investment. The fact that it’s updated and located in a desirable area suggests it could be rented out. This could be for long-term tenants or as a holiday rental, though you’d need to check the local regulations regarding short-term lets. Either way, the move-in ready condition and the amenities make it a property with dual appeal for both personal use and rental income.