This 2-bedroom ground floor bungalow in Torrevieja's Parque Acuático area offers 56m² of built space on a 54m² private plot for €135,000. Built in 2001 and ready for renovation, the property includes communal pool access, private parking, and sits just 2km from the Mediterranean coast. Located in Sector 25, one of Torrevieja's most accessible residential zones with excellent amenities nearby.
Discover this charming ground floor bungalow in the sought-after Parque Acuático area of Torrevieja, presenting an exceptional renovation opportunity for buyers seeking to create their ideal Mediterranean home. This well-positioned property offers 56m² of built space with two double bedrooms, providing comfortable accommodation for families or couples looking to establish themselves on the Costa Blanca.
The west-facing orientation ensures beautiful afternoon and evening light, flooding the interior with warm sunshine during the golden hours. The property comes with a private outdoor plot of approximately 54m², perfect for creating a personal garden, outdoor dining area, or relaxation space tailored to your lifestyle preferences. Inside, the blank canvas awaits your personal touch, allowing you to design a home that perfectly matches your vision and requirements.
The communal areas include a refreshing swimming pool and dedicated private parking space, adding both recreational value and practical convenience to daily life. The bungalow's location in Sector 25 places you within easy reach of Torrevieja's famous water park, local shops, restaurants, and essential services, while the Mediterranean Sea lies just 2 kilometres away, offering quick access to beautiful beaches and water activities.
With annual community fees of €620 and property tax (IBI) of just €146, running costs remain refreshingly affordable. This property represents an excellent investment opportunity for buyers seeking to add value through thoughtful renovation in one of the Costa Blanca's most established and convenient residential areas.
Torrevieja has evolved into one of the Costa Blanca's most vibrant international communities, welcoming residents from across Northern Europe who are drawn by the exceptional climate, affordable living costs, and relaxed Mediterranean lifestyle. The Parque Acuático area in Sector 25 offers the perfect blend of residential tranquillity and urban convenience, with supermarkets, medical centres, restaurants, and the famous Aquopolis water park all within easy reach.
The town's stunning beaches, including Playa del Cura and Los Locos, lie just a short drive away, while the Friday market and bustling marina provide year-round entertainment and social opportunities. The local expat community is well-established, with English-speaking services, international social clubs, and familiar amenities making integration seamless. Alicante-Elche Airport sits just 40 minutes away, with direct flights connecting to over 50 European cities, making it easy for family and friends to visit. The area enjoys over 300 days of sunshine annually, with mild winters and warm summers creating an enviable outdoor lifestyle throughout the year.
At €2,411 per square metre, this property sits approximately 18% above the Torrevieja average of €2,040/m², reflecting its desirable location near amenities and the coast. However, the renovation opportunity creates significant value-add potential, as modernised properties in this area command premiums of 25-35% over unreformed equivalents. Torrevieja's rental market remains strong, with coastal properties achieving gross yields of 6-8% for holiday lets during peak season.
The broader Costa Blanca property market has shown resilience with prices appreciating approximately 40% since 2020, driven by continued international demand and Spain's attractive residency options for non-EU buyers. For investors willing to undertake renovation work, this property offers an excellent opportunity to enter the market below average price points while creating substantial equity through thoughtful improvements. Community fees and property taxes remain amongst the most competitive on the coast, maximising net rental returns for investors.
For resale properties like this bungalow, budget for 10% ITP (transfer tax), plus approximately 2-3% for notary, land registry, and legal fees. Total purchase costs typically reach 12-13% of the property price. On a €135,000 purchase, expect around €16,200-17,550 in additional costs. New build properties attract 10% IVA instead of ITP. We recommend engaging an independent solicitor to handle due diligence, title checks, and completion formalities.
Renovation costs in the Torrevieja area typically range from €400-800 per square metre depending on specification level. For a 56m² property, budget €22,400-44,800 for a complete renovation including new kitchen, bathroom, flooring, windows, and general refurbishment. Basic cosmetic updates (painting, minor repairs) may cost €5,000-10,000. We recommend obtaining at least three quotes from registered local contractors and ensuring proper building permits are secured before commencing work.
Yes, Spanish banks offer mortgages to non-resident foreign buyers, typically lending 60-70% of the property's appraised value. Current interest rates range from 3-4.5% for non-residents, with typical mortgage terms spanning 15-25 years. You'll need an NIE (foreigner identification number), proof of income, bank statements, and employment documentation. Some banks require larger deposits (40%) from non-EU citizens. Processing times average 4-6 weeks once documentation is complete.
This property has community fees of €620 per year (approximately €52 monthly) covering communal pool maintenance, common area upkeep, and building insurance. The IBI (property tax) stands at €146 annually. Additionally, budget for utilities: electricity averages €40-60 monthly depending on usage, water costs approximately €25-35 monthly, and home insurance runs €150-250 annually. Total annual costs typically reach €1,500-2,000 including all services.
Torrevieja attracts strong rental demand from both holiday makers and long-term residents. Holiday rentals can achieve €500-700 per week during July-August, with shoulder season rates of €350-500 weekly, generating gross annual yields of 6-8%. Long-term rentals fetch €500-650 monthly, providing more stable income with lower management requirements. The town's popularity with Northern European visitors, excellent transport links, and year-round amenities support consistent rental demand. Ensure you obtain the required tourist license (VUT) if pursuing short-term holiday lets.
Alicante-Elche Airport (ALC) lies approximately 40 kilometres from Torrevieja, with journey times of 35-45 minutes via the AP-7 motorway depending on traffic conditions. Taxi fares typically cost €45-55, while private transfers can be pre-booked from €35-40. Regular bus services operate from the airport to Torrevieja bus station for approximately €8-10, though journey times extend to 60-70 minutes with stops. Car rental at the airport offers flexibility and costs from €25-35 daily for compact vehicles.
The essential first step is obtaining an NIE (Número de Identidad de Extranjero), which can be arranged through Spanish consulates abroad or in Spain with an appointment. You'll also need a Spanish bank account (opened with your NIE and passport), proof of funds demonstrating your ability to complete the purchase, and we strongly recommend appointing an independent English-speaking solicitor. The buying process involves signing a reservation contract, paying a deposit (typically 10%), conducting due diligence checks, and completing before a notary with final payment and key handover.
The Parque Acuático area in Sector 25 offers exceptional convenience with the famous Aquopolis water park, multiple supermarkets including Mercadona and Consum, medical centres, schools, and restaurants all within walking distance. The neighbourhood attracts a diverse international community creating a welcoming, multicultural atmosphere. Properties here benefit from excellent road connections to both coastal areas and the town centre, whilst maintaining a quieter residential character compared to the busier beachfront zones. The area has seen steady appreciation over recent years due to its practical location and family-friendly amenities.
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Welcome to our property listings, where you'll find this renovation-opportunity bungalow in Torrevieja. Affordable, well-located, and ready for your personal touch—discover more properties in our Torrevieja portfolio.
Year of construction: 2001 Bedrooms: 2 Bathrooms: 1 Built: 56m2 Kitchen: 1 Orientation: SouthwestDigital viewings make it possible to conveniently meet the broker and get a viewing of the home directly on the mobile.
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