3 bedroom Villa for sale in Gata de Gorgos, Alicante, Spain

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Ref: RTB2210240

Property marketed by Sunset Real Estate Agency SL

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This is a traditional house built two hundred years ago, renovations started in 2015, although it still needs completing as can be seen from the photos. It has built area of 156 m2 but it can be built up to 600M2. The plot is huge (2910M2), it contains a raisin oven from the time when the property was built, and a well that brings water to the house. The village of Gata is only two minutes walk from the house but it enjoys the tranquillity of living in the countryside. The house is connected to mains electricity.

Available with a Rent to Buy Option.

Financial Breakdown

12 Month Rental Contract

Initial deposit of 25,000 €

Monthly rental payments of 1,000 €

Final Purchase Payment 213,000 €

24 Month Rental Contract

Initial deposit of 25,000 €

Monthly rental payments of 1,000 €

Final Purchase Payment 201,000 €

36 Month Rental Contract

Initial deposit of 25,000 €

Monthly rental payments of 1,000 €

Final Purchase Payment 189,000 €

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Property Features

3 bedrooms
1 bathroom
2,910m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

22,000€

Final Payment of 90% on completion

225,000€

Property Purchase Expenses

Property price

250,000€

Transfer tax 8%

20,000€

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:

250,000€

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%.