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Ref: TCP125
Property marketed by Competa Properties S.L.
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Situated in the countryside off the road between Torrox and Cómpeta, this lovely country property in Spain offers superb panoramic views to the countryside and down to the Mediterranean Sea. The property is about 20 minutes drive from the coast, and only about 15 minutes drive from the pretty village of Torrox ( approx. 5 km from the village of Torrox )
The house is app. 25m² constructed and is set on a plot of approx. 5600 m². It is in need of renovation. A lovely vine covered terrace at the entrance to the house takes full advantage of the incredible panoramic views. Interior space comprises two rooms, one of them offers an open chimney. The property includes a private well and electricity could be easily connected.
A great opportunity for someone looking for the authentic Andalusian ambience.
The house is app. 25m² constructed and is set on a plot of approx. 5600 m². It is in need of renovation. A lovely vine covered terrace at the entrance to the house takes full advantage of the incredible panoramic views. Interior space comprises two rooms, one of them offers an open chimney. The property includes a private well and electricity could be easily connected.
A great opportunity for someone looking for the authentic Andalusian ambience.
Property Features
- 2 bedrooms
- 0 bathrooms
- 25m² Build size
- 5,600m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,200€
Final Payment of 90% on completion
64,800€
Property Purchase Expenses
Property price
72,000€
Transfer tax 10%
7,200€
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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