This refurbished 3-bedroom penthouse in Torrevieja offers 85m² of living space plus a spectacular 20m² southwest-facing terrace, priced at €189,000. The property includes a private garage space, access to a communal pool, and is just 600 metres from the Mediterranean Sea. Located in the well-maintained Residencial Santa Gema, Torrevieja, and approximately 45 minutes from Alicante-Elche Airport in Spain's Costa Blanca.
Set on the top floor of the sought-after Residencial Santa Gema in Torrevieja, this beautifully refurbished penthouse offers something genuinely rare at this price point: a corner position that delivers light from two directions, a generous private terrace, a garage space, and communal pool access — all in one package. Whether you are looking for a permanent residence under the Costa Blanca sun or a high-yield holiday rental investment, this property presents a compelling opportunity.
Inside, the apartment has been thoughtfully updated throughout. Three bedrooms provide ample accommodation, with two of the rooms positioned on the exterior of the building for excellent natural ventilation and light. The master bedroom benefits from direct access to the terrace — a welcome feature for those who enjoy starting the morning outdoors. The bathroom is fitted with a modern walk-in shower. The fully equipped independent kitchen offers a practical layout, complete with tiled flooring throughout the home, giving the interior a clean, contemporary finish.
The true highlight of this penthouse is without doubt its 20m² corner terrace. Thanks to its southwest orientation, the space enjoys natural light from early morning through to the famous Torrevieja sunsets in the evening. This is a private outdoor space large enough for a dining set and loungers — ideal for al fresco entertaining or simply unwinding after a day at the beach. The residential complex also features a well-maintained communal pool, perfect for the long, warm summers that Torrevieja is known for along the Costa Blanca coast.
Contact Hansson & Hertzell today to arrange a viewing of this outstanding penthouse in Torrevieja.
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Torrevieja is one of the most vibrant and well-connected cities on the Costa Blanca, with a year-round population that includes a large, well-established Northern European expat community. The city sits alongside two stunning natural salt lagoons — a UNESCO-recognised biosphere reserve — and offers kilometres of sandy beaches, most notably Playa del Cura and Playa de los Locos, both easily reachable on foot from Residencial Santa Gema within minutes. The city centre is packed with restaurants, tapas bars, weekly markets, and a lively esplanade running along the waterfront.
Day-to-day life in Torrevieja is genuinely convenient: there are large supermarkets, international shops, medical centres, and excellent public transport links throughout the area. The Torrevieja bus station — located right in the neighbourhood — connects the city to Alicante, Murcia, and beyond. Alicante-Elche Airport is approximately 45 minutes by car, making weekend breaks and visiting family from Northern Europe straightforward. With over 320 days of sunshine per year and mild winters, Torrevieja is a year-round destination that continues to attract buyers from across Europe.
At €189,000, this penthouse is priced at approximately €2,224/m² based on the 85m² built area — a premium over the Torrevieja average of around €1,850/m², which reflects the added value of the private garage, the 20m² terrace, the top-floor position, and the refurbished condition of the property. Running costs are very manageable: community fees are just €42 per month, and the annual IBI (property tax) is €280.
From an investment perspective, Torrevieja remains one of the most in-demand holiday rental markets on the Costa Blanca. Properties of this type — well-presented, with outdoor space and parking — consistently attract strong interest. Holiday lets in Torrevieja typically achieve €600–€900 per month in the high season and €400–€550 during low season, with gross yields of 5–7% not uncommon for well-managed properties. Costa Blanca property values have risen approximately 40% since 2020, and demand from Northern European buyers continues to grow year on year.
For a resale property in the Valencian Community, buyers typically pay ITP (Impuesto de Transmisiones Patrimoniales) at 10% of the purchase price, plus notary, land registry, and legal fees of approximately 2%. For this €189,000 penthouse, total additional costs are estimated at around €22,680 — bringing the total outlay to approximately €211,680. It is always advisable to engage an independent Spanish solicitor to guide you through the process.
The property is located approximately 600 metres from the Mediterranean Sea. Torrevieja's most popular beaches, including Playa del Cura and Playa de los Locos, are reachable on foot in around 8–10 minutes, making this an excellent base for beach lovers.
Yes. Spanish banks routinely offer mortgage products to non-resident buyers. Typical terms include a loan-to-value ratio of 60–70%, interest rates in the region of 3–4%, and repayment periods of up to 25 years. You will need a Spanish NIE number (tax identification number) to proceed with any purchase, which your solicitor can obtain on your behalf.
For this penthouse, the known fixed costs are: IBI (annual property tax) of €280 per year and community fees of €42 per month (€504 per year). General utility costs (electricity, water, internet) typically run €80–€130 per month depending on usage and season. Home insurance for a property of this type is typically €200–€350 per year. Total annual running costs are therefore estimated at approximately €2,100–€2,700.
A well-presented penthouse with a private terrace and garage in Torrevieja is well-positioned for the holiday rental market. In high season (June–September), properties of this type typically achieve €700–€900 per month. In the shoulder and low seasons, €400–€550 per month is realistic. A long-term rental strategy could yield €650–€800 per month. Gross annual yields of 5–7% are achievable with good management.
Alicante-Elche Airport is approximately 45 minutes from Torrevieja by car. A taxi or private transfer typically costs €40–€60. There is also a regular bus service operated by ALSA connecting the airport to Torrevieja, which is a budget-friendly option for those without a car. Many expat residents choose to hire a car on arrival, as having your own transport makes exploring the Costa Blanca region far more convenient.
Torrevieja consistently ranks among the top destinations on the Costa Blanca for both property investment and lifestyle appeal. The city benefits from strong year-round rental demand, a large and established expat community, excellent infrastructure, and continued price growth — approximately 40% since 2020. Its proximity to two natural salt lagoons, multiple beaches, and Alicante Airport makes it particularly attractive to Northern European buyers seeking reliable returns and a quality of life that is difficult to match elsewhere in Spain.
The typical buying process in Spain involves the following steps: first, obtain a Spanish NIE number (tax identification number); second, sign a reservation contract and pay a holding deposit (usually €3,000–€6,000); third, sign the arras (private purchase contract) and pay 10% of the purchase price; and finally, sign the deeds before a Spanish notary and pay the remaining balance. The full process from reservation to completion typically takes 6–10 weeks. Engaging an independent English-speaking solicitor is strongly recommended for foreign buyers.
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Year of construction: 2005 Bedrooms: 3 Bathrooms: 1 Built: 85m2 Balcony: 20 m2 Parking spaces: 1 Kitchen: 1 Distance to beach: 600 Mts.Digital viewings make it possible to conveniently meet the broker and get a viewing of the home directly on the mobile.
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