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4 Bed 3 Bath Finca and Wooden Chalet in Torremendo with 55000m2 of Land. RENOVATION PROJECT: Finca with 55.000m2 of land, including 2 houses. Located outside of the village Torremendo facing south. The older finca is over 100 years old. The 55.000m2 of land is at the moment being used as farm land for growing vegetables/fruit or left to mature. Plenty of space if you own horses or live stock. The plot has been drawn out by an architect showing the correct boarders. Gated off at the front you have the wooden chalet to your left of about 110m2 and the finca of about 85m2 to your right. Both properties would need TLC. They have not been lived in for a number of years. Solar panels would also be needed for electricity. This will be 12 panels with a backup generator at a quoted price of €14,000. All cables and plumbing are done within the properties, and there is an area for parking cars off the road, fenced in for security. Finca – 2 bedrooms 1 bathroom. Open planned living room/dining room, kitchen (without units), patio area outside the front. Comes with the wooden beams on the roof for the rustic look. The finca does need some upgrades doing to it including some repairs to movement cracks. Wooden chalet – 2 bedrooms 2 bathrooms. Large open planned kitchen, spacious living room/dining room. Bedrooms come with fitted wardrobes. There is outside terraces and a fenced off garden as well. This also needs repairing. All of these wooden units originally came as individual units, so they can moved or added onto. From the photos, the building which is falling down is NOT included in the sale nor is the newer building besides this. Torremendo is a small quiet authentic village with 580 inhabitants. It is surrounded by a typical rugged and varied landscape. The road from Torremendo to Orihuela is one of the most scenic you will find and the area proves to be a unique spot for nature lovers, cyclists and equestrian sport lovers. The well-known reservoir Embalse de la Pedrera is a mile away from the village in the direction of Orihuela. It is surrounded by a beautiful nature reserve with many different species of birds and where you can observe a spectacular sunset. The village comprises a health centre, pharmacy, garage, petrol station, some small stores and several bars and restaurants. Once a week there is a small market. There is also a public pool that is open in the summer months. In the nearby larger village of San Miquel de Salinas only a 10 minute drive away, there is a large supermarket and a big open market once a week. There are several beaches at a distance of around 18 km and in the vicinity of the village you will find several ‘Old Spanish Fincas’ with orchards of almond-, citrus- and olive trees. If you are looking for a Golf Course, there are several only a very short distance away. Easy access to the major motorways lead you to towns and cities like Orihuela, Bigastro, Alicante, Murcia and Torrevieja. The quality of the roads in the area is good. The airports of Alicante or Murcia are within easy reach.
Property Features
- 4 bedrooms
- 3 bathrooms
- 195m² Build size
- 55,000m² Plot size
- Swimming Pool
- Not furnished
- Off road parking
- Optional pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,000€
Final Payment of 90% on completion
107,996€
Property Purchase Expenses
Property price
119,995€
Transfer tax 8%
9,600€
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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