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Ref: AG19150643
Property marketed by Spain Property Shop S.L
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We are delighted to bring to the market this lovely little town house in the typically Spanish village of Barinas The downstairs of the property is about 85% complete consisting of two double bedrooms a lovely kitchen area lounge with log burner a gorgeous bathroom utility and a small private patio Upstairs has been untouched but is screaming out to be a master bedroom with possible ensuite and also has a very private roof terrace perfect for those who dont want tan lines The work that has been done is to a high standard with a very high quality materials and just needs a new owner to come in and do the final few jobs and put there mark on it to make this a really lovely 3 bed home There are also a good amount of high quality materials in the property to help towards the final works also all the plumbing and electrics are new Barinas its self is a lovely Spanish village with a population under 800 and a great community spirit where you can sit and have a drink with someone that could just as easily be the mayor or a local farmer or both with several bar restaurants a butcher a grocery store a butchers and much much more all within walking distance from the property If you are looking to get on the property ladder here in Spain and dont mind doing a little work this property is definitely worth a visit as its is perfect to live in while you finish the property off
Property Features
- 3 bedrooms
- 1 bathroom
- Barbeque
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
2,500€
Final Payment of 90% on completion
49,500€
Property Purchase Expenses
Property price
55,000€
Transfer tax 8%
4,400€
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.