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Ref: CJ611
Property marketed by Inland Andalucia
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This charming investment opportunity to own this chalet constructed in 1996 with 5 bedrooms and 2 bathrooms in the quiet hamlet of El Garabato . Situated on the edge with direct access to the olive grove. As part of a local cooperative, the owners enjoy an annual revenue of 30.000 €. Nothing elaborate about the accommodation as it is real rural living with your livestock and farm equipment to the left. In our opinion, the value of the crop and land investment covers the entire purchase cost, so your bonus is the property to rent out or provide a bit of TLC to enjoy the real Spanish Lifestyle.
Property Features
- 5 bedrooms
- 2 bathrooms
- 323m² Build size
- 38,373m² Plot size
- Air Conditioning
- BBQ
- Close to Amenities
- Detached
- Fireplace
- Fitted Kitchen
- Furnished
- Good Rental Potential
- Ideal for Country Lovers
- Investment Property
- Lounge Diner
- Off Road Parking
- One Level
- Parking Space
- Patio
- Private Garage
- Spacious Accommodation
- Storage Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
25,000€
Final Payment of 90% on completion
252,000€
Property Purchase Expenses
Property price
280,000€
Transfer tax 10%
28,000€
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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