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Ref: TCP121
Property marketed by Competa Properties S.L.
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Country properties in Spain to reform, located in Torrox 5 minutes driving from the village overlooking the surrounding countryside.
The interior of the property consists of two rooms, one of which is equipped with an open fireplace. The exterior has a terrace and parking area.
The plot has 6.757m2. The house is connected to the electricity grid and the water point is close to be connected.
The interior of the property consists of two rooms, one of which is equipped with an open fireplace. The exterior has a terrace and parking area.
The plot has 6.757m2. The house is connected to the electricity grid and the water point is close to be connected.
Property Features
- 1 bedroom
- 0 bathrooms
- 20m² Build size
- 6,757m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,700€
Final Payment of 90% on completion
60,300€
Property Purchase Expenses
Property price
67,000€
Transfer tax 10%
6,700€
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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