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Ref: TTH382
Property marketed by Competa Properties S.L.
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This is one of our rustic style townhouses in Spain, located in a beautiful village of Malaga, Torrox. Located in a traditional street of Andalusia with very good access, just 5 minutes from the main square of the town where most of the restaurants and businesses necessary for daily life are located.
The property has 60m2, distributed over two floors each with 30m2. The interior of the house needs renovating, retaining the stone walls and beamed ceilings. Although there is no upper terrace there is the possibility to build it and make this house a beautiful home where you can enjoy the magnificent climate of Torrox.
It can be a good opportunity to invest a little money and build a house to live throughout the year or as a holiday home.
The property has 60m2, distributed over two floors each with 30m2. The interior of the house needs renovating, retaining the stone walls and beamed ceilings. Although there is no upper terrace there is the possibility to build it and make this house a beautiful home where you can enjoy the magnificent climate of Torrox.
It can be a good opportunity to invest a little money and build a house to live throughout the year or as a holiday home.
Property Features
- 2 bedrooms
- 0 bathrooms
- 60m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,800€
Final Payment of 90% on completion
61,200€
Property Purchase Expenses
Property price
68,000€
Transfer tax 10%
6,800€
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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