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Ref: TH5560
Property marketed by Inland Andalucia
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This charming property of 122 m2 built on a plot of 80 m2, needs a renovation and is located in the small hamlet of El Toril, in the Alcaucin area in the province of Malaga. If you are looking for a property to reform it to your own taste, this is a great opportunity. With its incredible features: 4 bedrooms, 2 bathrooms, large terrace, kitchen, living room with fireplace and spectacular mountain views. The property is located at only 10 minutes from all amenities and less than 30 minutes from the beach. This area also offers different hiking trails and a constant state of peace. The house under construction is divided into three floors, with the top floor being the terrace of the property, where you can enjoy the sunshine. Whether you want it for yourself or not, this property has a great investment potential, with a possible B&B option.
Property Features
- 0 bedrooms
- 0 bathrooms
- 122m² Build size
- 80m² Plot size
- Charming Property
- Investment Property
- On Street Parking
- Renovation Needed
- Sought After Area
- Spacious Accommodation
- Spectacular views
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,500€
Final Payment of 90% on completion
76,500€
Property Purchase Expenses
Property price
85,000€
Transfer tax 10%
8,500€
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.
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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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