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Ref: TH5339
Property marketed by Inland Andalucia
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This 4 to 5 bedroom Townhouse is situated in the south of the Jaen province of Andalucia, Spain. Located in the popular town of Castillo de Locubin close to the historical city of Alcala la Real. You enter the property into an open plan lounge diner that leads on the left to your kitchen area which has a large storage and pantry to the rear. From the dining area a corridor leads to a storage room or 5th bedroom on the right and a ground floor shower room on the left, then a few steps take you to an utility area, another sitting room with access out to the private patio space. Stairs off the corridor lead to the first floor where you have 4 bedrooms, two of which have wonderful countryside and mountain views. On the market for just 43,000 euros this townhouse needs to be updated but is priced to sell.
Property Features
- 4 bedrooms
- 1 bathroom
- 132m² Build size
- 139m² Plot size
- Close to Amenities
- Fitted Kitchen
- Good Rental Potential
- Ideal Family Home
- Internet
- Investment Property
- Just needs updating
- Laundry Room
- Lounge Diner
- Near Public Transport
- On Street Parking
- Part Furnished
- Patio
- Separate Diner
- Spectacular views
- Storage Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,300€
Final Payment of 90% on completion
38,700€
Property Purchase Expenses
Property price
43,000€
Transfer tax 10%
4,300€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.