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Ref: AG19150645
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We are pleased to bring to the market this large farmhouse in Torre del Rico On the ground ground floor you enter via a hallway with the most amazing tiled floor that has to be a hundred years old leading to a lovely lounge, a downstairs double bedroom kitchen dining area, shower room and a very useful utility/storage areaUpstairs there is a family bathroom and three large double bedrooms, one with a separate area that is perfect for a dressing room or an en-suiteOutside there is a beautiful new porch area that the current owner has had built, which is perfect for taking in the stunning views and a good mixture of fruit trees and to the side of the property, the is a large corral, which is a perfect location for a pool and a bodega that can be converted into so many thingsThe house sits on a plot of 6183 sqm and is ideal for a family home or a BnB
Property Features
- 4 bedrooms
- 2 bathrooms
- 245m² Build size
- 6,813m² Plot size
- Courtyard
- Country view
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
22,000€
Final Payment of 90% on completion
225,000€
Property Purchase Expenses
Property price
250,000€
Transfer tax 8%
20,000€
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.