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Ref: Finca Simone
Property marketed by Calida Homes Property Consultancy
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Finca Simone – A fantastic restoration project of two detached farmhouses with fantastic views located in Los Simones, a small hamlet just 5 minutes outside of Albox town. Set on a hillside with a plot size of around 2,000sqm.
One of the farmhouses has a new roof and is in good condition structurally and has 5 rooms on the ground floor and 2 large rooms on the first floor and is 186sqm in total.
The second farmhouse was originally 190sqm including outbuildings but the roof has collapsed and would need to rebuilt or pulled down and either a new building, garage or pool put in it’s place.
They are both situated on a hillside with fantastic views and services can easily be connected. There is s small nearby village with bars, shops, bakery and a pharmacy. The main town of Albox is only a 5 minute drive away with large supermarkets, banks, medical centre, pharmacy, schools, etc. and the coast is a 35 minute drive away.
Property Features
- 0 bedrooms
- 0 bathrooms
- 2,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
2,500€
Final Payment of 90% on completion
49,500€
Property Purchase Expenses
Property price
55,000€
Transfer tax 8%
4,400€
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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