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Ref: JL6904
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Country House in Monovar, Alicante. Semi detached country house in Monovar, Alicante. It has a size of 194m2 on two floors, including a bodega where they used to make wine, which can be made into a separate guest annex with more bedrooms. Currently there are 4 bedrooms, a large open lounge-dining room and kitchen and a bathroom. Outside, to the side of the house, is a small garden with a small pool, and also an external storage room. Located 5 minutes drive from town.
Property Features
- 3 bedrooms
- 1 bathroom
- 194m² Build size
- Swimming Pool
- Mains Electric
- Mains Water
- Garage
- Partially Furnished
- Cess Pit / Septic Tank
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,500€
Final Payment of 90% on completion
85,496€
Property Purchase Expenses
Property price
94,995€
Transfer tax 8%
7,600€
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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