4 bedroom Villa for sale in Elviria, Málaga, Spain

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Finca built in the 60's on a plot of 6 000 square metres. A pretty rustic house that needs some refurbishment, it has four bedrooms, two bathrooms, private garage and pool. It would make a wonderful investment opportunity, either this property could be reformed as a wonderful family home, or rebuilt as a modern villa. Alternatively as it has already been approved by the Marbella Town Hall, this could be a great investment to build up to 11 houses of 500m2.

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Property Features

4 bedrooms
2 bathrooms
372m² Build size
5,998m² Plot size
Swimming Pool
renovation needed
close to all amenities
fitted kitchen
beautiful garden
garden
terrace
garage
car port
private pool
furnished
close to schools

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

137,000€

Final Payment of 90% on completion

1,260,000€

Property Purchase Expenses

Property price

1,400,000€

Transfer tax 10%

140,000€

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.

Mortgage Calculator

Mortgage Amount:

1,400,000€

Deposit:

€

Interest Rate:

Period:

Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.