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Ref: TTH568
Property marketed by Competa Properties S.L.
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Situated in one of the most emblematic streets of the village of Torrox is this traditional town house, very close to various local shops, restaurants and bars. Free parking is available just a minute's walk from the property.
This property is divided into two separate houses, each with its own entrance. It can be restored as a single dwelling, as it was in the past, or kept as it is today.
Inside the first house there is a reception room at the entrance, this opens into the living room with a small kitchen. To the right of the living room there is a double bedroom and a bathroom with laundry area. If we go to the second house, we find an entrance hall that leads us to a living room, the double bedroom, a bathroom and a small fitted kitchen. From the kitchen, stairs lead us up to a large terrace area with beautiful views of the sea, the mountains and the village.
With the need of a small reform and all the advantages that this property offers, it can easily be converted into a nice family home or kept as two independent properties to rent them out and obtain a good income. Do not hesitate to ask us for more information!
This property is divided into two separate houses, each with its own entrance. It can be restored as a single dwelling, as it was in the past, or kept as it is today.
Inside the first house there is a reception room at the entrance, this opens into the living room with a small kitchen. To the right of the living room there is a double bedroom and a bathroom with laundry area. If we go to the second house, we find an entrance hall that leads us to a living room, the double bedroom, a bathroom and a small fitted kitchen. From the kitchen, stairs lead us up to a large terrace area with beautiful views of the sea, the mountains and the village.
With the need of a small reform and all the advantages that this property offers, it can easily be converted into a nice family home or kept as two independent properties to rent them out and obtain a good income. Do not hesitate to ask us for more information!
Property Features
- 2 bedrooms
- 2 bathrooms
- 88m² Build size
- 160m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
13,000€
Final Payment of 90% on completion
144,000€
Property Purchase Expenses
Property price
160,000€
Transfer tax 10%
16,000€
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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