Townhouse for sale in Frailes, Jaén, Spain

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Ref: TH5904

Property marketed by Inland Andalucia

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On the market for 16,500 euros, is this investment opportunity, consisting of a 147m2 urban plot situated in the town of Frailes, close to the historical city of Alcala la Real in the south of Jaen province in Andalucia, Spain. Located in an elevated position with countryside views this town plot includes a now derelict 62m2 build property that still includes the original toilet and wash room. For the non-professional renovator or builder this is one to bring your hard hat along with a surveyor or architect, to explain what can be constructed on the site, and if Town Hall funds are available to help with the reconstruction.

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Property Features

0 bedrooms
1 bathroom
62m² Build size
147m² Plot size
Close to Amenities
Fireplace
Garden
Ideal for Country Lovers
Investment Property
Near Public Transport
Renovation Needed

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

0€

Final Payment of 90% on completion

13,500€

Property Purchase Expenses

Property price

16,500€

Transfer tax 10%

1,650€

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:

16,500€

Deposit:

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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.

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%.