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Ref: 723244
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Large plot located in peaceful and private surroundings with views of green zone and valley, just five minutes above San Pedro town. The plot size allows up to 1166 m2 of residential construction so there is the option to enlarge the existing house or build a new house to your own specification. There is year-round freshwater stream and it borders a permanent green zone ensuring total privacy and tranquillity. The existing 184 m2 villa built in 1974 requires renovations and currently comprises of two double bedrooms with en-suite bathrooms, a fitted kitchen, a cosy living room with fireplace and a dining room.
Property Features
- 0 bedrooms
- 0 bathrooms
- 5,842m² Plot size
- close to golf
- close to all amenities
- utility room
- possibility of extension
- fitted kitchen
- air conditioning
- fireplace
- beautiful garden
- garage
- parking
- wood flooring
- unfurnished
- countryside
- mountain views
- rustic style
- close to restaurants
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
197,000€
Final Payment of 90% on completion
1,800,000€
Property Purchase Expenses
Property price
2,000,000€
Transfer tax 10%
200,000€
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.
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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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