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Ref: R4440868
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Investment Opportunity Villa in need of total renovation
The villa is located in Atalaya and has amazing sea views, from the living area, sat on a fantastic plot of 1412 m2. The Villa is in need of total renovation inside and out! A fantastic opportunity for any investor. The Villa currently has living dining area with open fireplace, leading out to a South Facing terrace to appreciate the amazing views. On the mid lower level is a double bedroom with En Suite, and on the garden level are a further 2 bedrooms very large, sharing a family bathroom with plenty of storage. Both bedrooms lead out onto the garden. The garden area is a great size very private with private swimming pool. Parking space for at least 2 cars, with a garage that has been turned into a self contained unit.
The villa is located in Atalaya and has amazing sea views, from the living area, sat on a fantastic plot of 1412 m2. The Villa is in need of total renovation inside and out! A fantastic opportunity for any investor. The Villa currently has living dining area with open fireplace, leading out to a South Facing terrace to appreciate the amazing views. On the mid lower level is a double bedroom with En Suite, and on the garden level are a further 2 bedrooms very large, sharing a family bathroom with plenty of storage. Both bedrooms lead out onto the garden. The garden area is a great size very private with private swimming pool. Parking space for at least 2 cars, with a garage that has been turned into a self contained unit.
Property Features
- 3 bedrooms
- 2 bathrooms
- 304m² Build size
- 1,412m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
56,500€
Final Payment of 90% on completion
535,500€
Property Purchase Expenses
Property price
595,000€
Transfer tax 10%
59,500€
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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