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Ref: PHIP-394
Property marketed by JMT Spanish Properties
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A large detached villa located in the centre of Quesada is presented for sale in good condition and has been maintained to a high standard.The property offers a 3 bedroom, 3 bathroom, accommodation distributed over two levels.On the ground floor there is a large lounge area with feature fireplace with a door leading into a large fully fitted kitchen. There are 2 double bedrooms and 2 bathrooms.An external staircase leads to a separate double bedroom and bathroom apartment on the upper floor.The property is situated on a large west facing plot with ample outdoor living space including a day room private swimming pool with shower BBQ area and off road parking for numerous vehicles
Property Features
- 3 bedrooms
- 3 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
29,500€
Final Payment of 90% on completion
292,500€
Property Purchase Expenses
Property price
325,000€
Transfer tax 8%
26,000€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.