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Ref: TCP161
Property marketed by Competa Properties S.L.
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This traditional country property in Spain has a lot to offer. Property to reform but with excellent potential, just 5 minutes from the town and 10 minutes from the coast, it could become the home of your dreams.
Currently it consists of a first room with a fireplace, two bedrooms and an old cellar where wine was formerly made. This part is in the semi basement, below the terrace, and could easily be converted into a guest apartment.
If you want to invest in a property or start a new project, do not miss this opportunity to create a unique vacation home, full of history.
Currently it consists of a first room with a fireplace, two bedrooms and an old cellar where wine was formerly made. This part is in the semi basement, below the terrace, and could easily be converted into a guest apartment.
If you want to invest in a property or start a new project, do not miss this opportunity to create a unique vacation home, full of history.
Property Features
- 2 bedrooms
- 0 bathrooms
- 45m² Build size
- 3,350m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,700€
Final Payment of 90% on completion
96,300€
Property Purchase Expenses
Property price
107,000€
Transfer tax 10%
10,700€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.