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Ref: VRE 5271
Property marketed by Spanish Dream Property
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This Corner, East Facing, Three Bedroom Bungalow in Algorfa is located on the main square of this quaint, but very popular and highly sought after Spanish village, near to the 5* La Finca Golf, Hotel Spa Resort. Situated within walking distance of all the amenities and facilities this area has to offer, from butchers, bakers and shops, to bars, restaurants, cafe’s and more... The beaches are also only a 15 minute drive away! This property is in need of a total reform, currently comprising of a separate kitchen, with access in to the extremely large covered courtyard; lounge/dining room; open entrance hallway; and three double bedrooms. From the covered courtyard is a utility area, the bathroom, an additional two rooms, one of which could be converted in to a potential garage or separate granny flat, having its own road access. Also from the covered courtyard is access out to the back garden, a surprising size with lots of potential! As mentioned previously this property is in need of a total re-build, reform, refurbishment, however for its size of plot, location and aspect it has tons of potential to be a dream home in the Village... Don’t miss out!
Property Features
- 3 bedrooms
- 1 bathroom
- 125m² Build size
- 250m² Plot size
- Courtyard
- Garden
- Municipal Pool
- Store room
- Utility Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,995€
Final Payment of 90% on completion
107,955€
Property Purchase Expenses
Property price
119,950€
Transfer tax 8%
9,596€
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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