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Ref: TF014
Property marketed by Competa Properties S.L.
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This plot is located a few kilometres outside the village of Torrox, on a South-East facing hillside, and reaches down through well-established olive trees, oaks and pines to the stream at the foot of the hill where various fruit trees have also been planted. The plot is roughly triangular in shape and has a ruin of an old cortijo about two thirds of the way down, just visible in the photograph.
The plot is accessible from a road which then becomes a track which goes to the top corner of the land. From here an access would need to be created across the hillside to reach the 30m2 ruin where one could apply for building permission to reform. The plot has a water share from the water company Benagua, as well a private well on the land, down by the river, and electricity could be connected from the nearby network.
The plot is accessible from a road which then becomes a track which goes to the top corner of the land. From here an access would need to be created across the hillside to reach the 30m2 ruin where one could apply for building permission to reform. The plot has a water share from the water company Benagua, as well a private well on the land, down by the river, and electricity could be connected from the nearby network.
Property Features
- 1 bedroom
- 0 bathrooms
- 30m² Build size
- 5,500m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,450€
Final Payment of 90% on completion
40,050€
Property Purchase Expenses
Property price
44,500€
Transfer tax 10%
4,450€
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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