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Ref: TCP142
Property marketed by Competa Properties S.L.
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Country property in need of renovation situated only about 15 minutes drive from the enchanting village of Torrox and with nice views of the surrounding countryside.
The existing building has app. 25 m2. Living space which comprises an entrance terrace, a living room with kitchen and a bedroom. A staircase goes up to a small room. It borders with other properties so it lacks privacy.
It also offers a storage room next to the house and plot with app 400sqm which is separate from the house.
The existing building has app. 25 m2. Living space which comprises an entrance terrace, a living room with kitchen and a bedroom. A staircase goes up to a small room. It borders with other properties so it lacks privacy.
It also offers a storage room next to the house and plot with app 400sqm which is separate from the house.
Property Features
- 1 bedroom
- 0 bathrooms
- 25m² Build size
- 400m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
500€
Final Payment of 90% on completion
31,500€
Property Purchase Expenses
Property price
35,000€
Transfer tax 10%
3,500€
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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