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This would be perfect for someone looking for a lot of property for their money. Here we have 2 large townhouses which are connected by a terrace. Both are in need of work and reform, but boast a lot of character and rooms. The property is located in a nice area within the popular town of Martos and near all amenities including banks, shops, bars and restaurants. It is possible to create a garage for extra storage.
At the moment the property has 3 lounges, 5 bedrooms, 3 bathrooms, kitchen, patio, terrace and another 5 rooms ready for convertion. This would be ideal as a small hotel, B&B or fabulous home. You could also live in one house and rent out the other so lots of possibilities.
The town of Martos is located on a western peak of the Sierra Jabalcuz mountain range. It belongs to the metropolitan Area of Jaén, which is considered to be the second most important city after the capital. The closest airport is Granada which is around 50 minutes away or the larger airport of Malaga is around 1 hour 3/4. Martos is considered to be the greatest producer of olive oil in Spain. The town is situated beneath the Cerro de la Peña, topped with the ruins of the castle of the same name. This compact town spreads out over the slopes of the hill, under the Castle of La Villa and the Church of Santa María. Its privileged location offers beautiful views over a vast sea of olive trees. There is a large outdoor market held weekly near the park and several fiesta's are held here throughout the year. This is the perfect town for those wishing to experience the true Spanish lifestyle.
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Property Features
- 5 bedrooms
- 3 bathrooms
- 640m² Build size
- Near Transport
- Renovation Needed
- Near amenities
- Needs modernizing
- In Town Center
- Walk to shops
- Walk to bars
- Walk to restaurants
- Hospital 5 Km
Costing Breakdown
* 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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* 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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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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