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Ref: PHIP-986
Property marketed by JMT Spanish Properties
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In the Lo Marabú area of Ciudad Quesada, this compact 2 bedroom, 1 bathroom bungalow is excellent value for money. Within walking distance to the local shops, pharmacy and supermarkets (it literally takes about 2 minutes), this property is ideal for a couple living permanently, or for short term use for four people as a holiday home⦠which means it has excellent potential as an investment property for rental.The open plan living and dining area is compact but not cramped and the kitchen could accommodate two people cooking without too much hassle. The bedrooms are bigger than one would expect and have fitted wardrobes. The bathroom is exactly the right size for a property of this type. To access the large roof terrace, which is the area of the whole house beneath it, there is a spiral staircase and enough room up there to enjoy the sun all year round. Alternatively you could spend the sunny days at the huge communal pool which is a 30 second walk from the front door of the property. There is also the facility for an under build which adds another element to this smashing property in an area which is high on amenities.Call us to find out more.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,995€
Final Payment of 90% on completion
98,955€
Property Purchase Expenses
Property price
109,950€
Transfer tax 8%
8,796€
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.