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Ref: VRE 5459
Property marketed by Spanish Dream Property
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This Exclusive, East Facing, Two Bedroom Townhouse in Montemar, a very popular residential area just a couple of minutes by car to the village of Algorfa, where you will find shops, bars, restaurants, school, bank, pharmacy and more. The 5* La Finca Golf and Spa Resort is just across the road from this development, with a variety of great bars and restaurants. The beach at Guardamar is just a 15 minute drive. This property comprises of a separate fully fitted kitchen, with a rear door to the inner courtyard; spacious lounge/dining room leading to the front, covered terrace and tiled low maintenance garden with off road parking; two double bedrooms; a family bathroom; a cloakroom; a rear 2nd floor terrace which has been glazed in for additional living space and/or storage; and a front, solarium, covered in sun, with some open views to the other communities, communal swimming pool. Extras are to include fitted wardrobes in one of the bedrooms, ceiling fans and grills!
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
- Communal Pool
- Off road parking
- Solarium
- Terrace
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,495€
Final Payment of 90% on completion
103,455€
Property Purchase Expenses
Property price
114,950€
Transfer tax 8%
9,196€
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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