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Ref: PHIP-985
Property marketed by JMT Spanish Properties
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This large detached villa in the centre of Ciudad Quesada sits on an 800 m2 plot and has a little more to it than meets the eye. While it is no doubt a large detached villa, it actually comprises of two independent apartments, one on top of the other.Each apartment is completely self-contained with 2 bathrooms, it's own large kitchen a seperate living and dining area. The upstairs apartment which has 3 bedrooms, has a large covered terrace with views of the garden and pool area and the skyline of Ciudad Quesada. The downstairs apartment has 4 bedrooms and direct access to the gardens.In the garden, there is off road parking and a 8Ã4 swimming pool as well as plenty of greenery from the various trees.Two streets away from the main street of Ciudad Quesada, one couldn't get much close to the bars restaurants shops and supermarkets and that makes it a pretty much perfect location.This is a very particular property in the way that it's set up. Because the two apartments are completely separate, it could suit two families living together or perhaps families with older children who would like a bit of independence. It also has serious renting potential and could be an ideal summer rental business. There's no denying that this place could do with a bit of modernising, which may put some people off. It is however, a lot of house for the money and the right buyer could well find something very special indeed.
Property Features
- 7 bedrooms
- 4 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
39,000€
Final Payment of 90% on completion
378,000€
Property Purchase Expenses
Property price
420,000€
Transfer tax 8%
33,600€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.