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Ref: TCP031
Property marketed by Competa Properties S.L.
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Traditional country property in Spain that can be rebuilt. Situated only a 5 min drive from the white village of Torrox overlooking the sea, mountains and the surrounding countryside.
The interior of the property is in need of some reforms. The accomodation comprises an open space living - dining room with an open chimney and a large room. Outside there is a toilet, a south facing terrace with views of the Mediterranean and a storage area.
The plot of the property is 24.000m2 big with mature fruit trees (olives, almonds, figs and medlars)
The property also has a 10.000 litre well that supplies water to the property, in addition to a private drilled well.
The interior of the property is in need of some reforms. The accomodation comprises an open space living - dining room with an open chimney and a large room. Outside there is a toilet, a south facing terrace with views of the Mediterranean and a storage area.
The plot of the property is 24.000m2 big with mature fruit trees (olives, almonds, figs and medlars)
The property also has a 10.000 litre well that supplies water to the property, in addition to a private drilled well.
Property Features
- 1 bedroom
- 0 bathrooms
- 60m² Build size
- 24,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
13,000€
Final Payment of 90% on completion
144,000€
Property Purchase Expenses
Property price
160,000€
Transfer tax 10%
16,000€
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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