2 bedroom Villa for sale in Torrox, Málaga, Spain

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Ref: TV379

Property marketed by Estate Agents Pérez-Oglietti

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House to reform in Torrox Pueblo. Divided into 2 floors + patio and storage room. It consists of 2 living rooms, kitchen and bathroom on the ground floor; 2 bedrooms and terrace facing South and sea views on the first floor; Storage room with kitchen and private patio in the basement with the possibility of making an independent entrance through another street. The house is located in one of the best known streets of the town, about 5 minutes walk from the town center, with good access, all flat without steps or steep street. Very close to a public parking. The house needs reform, but it has a lot of potential and investing in it can become a cozy home or a perfect investment for tourist rental. South facing and sea views.

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Property Features

2 bedrooms
1 bathroom
95m² Build size
Sun/facing : South
Views : Beach/sea
Private patio
Basement
Terrace/balcony
Closeby : Street/market
Closeby : Restaurants/bars.
Closeby : Drugstore
Closeby : School

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

9,500€

Final Payment of 90% on completion

112,500€

Property Purchase Expenses

Property price

125,000€

Transfer tax 10%

12,500€

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.

Mortgage Calculator

Mortgage Amount:

125,000€

Deposit:

€

Interest Rate:

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Mortgage Result

* 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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Spanish Property News & Updates by Spain Property Portal.com

Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.