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Ref: TTH298
Property marketed by Competa Properties S.L.
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Situated in a pretty street within the centre of the lovely white village of Torrox, one can appreciate this townhouse in need of a bit of attention and it is only 1 minute walk from the central plaza, the church and all of the local amenities
The property has about 50m2, divided into 2 levels, the main floor consists of living room, kitchen and bathroom, and the second floor has two double bedrooms. It offers the possibility of building an upper terrace.
Mains water and electricity are very close by and can easily be connected. A wonderful location to construct a lovely new townhouse suitable for a family wishing to settle and make a new life in the wonderful Spanish climate.
The property has about 50m2, divided into 2 levels, the main floor consists of living room, kitchen and bathroom, and the second floor has two double bedrooms. It offers the possibility of building an upper terrace.
Mains water and electricity are very close by and can easily be connected. A wonderful location to construct a lovely new townhouse suitable for a family wishing to settle and make a new life in the wonderful Spanish climate.
Property Features
- 2 bedrooms
- 1 bathroom
- 50m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,000€
Final Payment of 90% on completion
63,000€
Property Purchase Expenses
Property price
70,000€
Transfer tax 10%
7,000€
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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