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Ref: AP463
Property marketed by Inland Andalucia
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Located in the centre of Martos, in the Jaen province of Andalucia, Spain with a variety of shops at your doorstep, an amazing bakery on the ground floor and the main town hospital only a 5 minute walk down the road. All of the 3 flats have a similar layout composed of 3 bedrooms, a living room with a terrace, a kitchen, a storage room, bathroom and office / dining room. These 3 flats are being sold together as an investment opportunity, having been rented out previously, and would be a great ready-to-go project for anyone wanting to enter the rental business.
Property Features
- 9 bedrooms
- 3 bathrooms
- 261m² Build size
- 87m² Plot size
- Close to Amenities
- Fitted Kitchen
- Just needs updating
- Near Public Transport
- On Street Parking
- Part Furnished
- Sought After Area
- Spectacular views
- Storage Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,700€
Final Payment of 90% on completion
177,300€
Property Purchase Expenses
Property price
197,000€
Transfer tax 10%
19,700€
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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Spanish Property News & Updates by Spain Property Portal.com
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.