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Ref: TH5625
Property marketed by Inland Andalucia
![Inland Andalucia Inland Andalucia](https://www.spainpropertyportal.com/images/agents/inland-andalucia.gif)
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Situated in popular Castillo de Locubin just a short drive to the historical city of Alcala la Real in the south of Jaen province in Andalucia, Spain. On the market for 12,000 euros is this 130m2 build townhouse property in need of complete renovation. We would advise any potential buyer, who is not a professional renovator or builder, to employ the services of a local surveyor or architect who can not only give you a full condition report but also find out regarding the possibility of any townhall grants available for such a renovation project.
Property Features
- 0 bedrooms
- 0 bathrooms
- 130m² Build size
- 103m² Plot size
- Close to Amenities
- Garden
- Good Rental Potential
- Internet
- Investment Property
- Renovation Needed
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
9,000€
Property Purchase Expenses
Property price
12,000€
Transfer tax 10%
1,200€
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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Spanish Property News & Updates by Spain Property Portal.com
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.