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Villa on one level in Estepona, which has to be renovated, consisting of a living room with fireplace, 2 bedrooms, a bathroom and a terrace. Several fruit trees, such as avocado, orange, tangerine, lemon, etc. Parking space for several cars. Water reservoir. Plot of 19.400m2.
Property Features
- 2 bedrooms
- 1 bathroom
- 130m² Build size
- 19,400m² Plot size
- renovation needed
- water deposit
- large garden
- terrace
- fruit trees
- parking
- mountain views
- rustic style
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
52,000€
Final Payment of 90% on completion
495,000€
Property Purchase Expenses
Property price
550,000€
Transfer tax 10%
55,000€
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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