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Property marketed by Inmo Investments
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This two-bedroom ground floor apartment is located in a popular gated community in Algorfa Village.Upon entering, there is a twin bedroom to the left and a bathroom to the right. The master bedroom, further along the hallway, is spacious and has a built-in wardrobe. At the end of the hallway, there is an open-plan kitchen, living, and dining room with doors leading to a terrace. The terrace has space for a table and chairs and offers views of the communal gardens.The kitchen is equipped with a range of wall and base units, a freestanding fridge freezer, and a washing machine. There is air conditioning in both the main bedroom and the living area.The community offers a lovely pool and gardens for residents to enjoy. This complex is centrally located in the village, with plenty of day-to-day facilities, including many bars and restaurants within walking distance. The property is being sold as seen. Contact us today
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- Swimming Pool
- Communal Pool
- Terrace
- Key ready
- Disabled access
- Walking Distance to Amenities
- Built-in Wardrobes
- Furnished
- Investment
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,500€
Final Payment of 90% on completion
67,500€
Property Purchase Expenses
Property price
75,000€
Transfer tax 8%
6,000€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.