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Ref: TTH651
Property marketed by Competa Properties S.L.
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This traditional townhouse, nestled on one of the most emblematic streets of Torrox, is just a minute's walk from the town's main square.
Currently in ruins and used as a garage, the property holds great potential for transformation into a charming three-story home. The ground floor features an entrance that opens into three additional rooms. Ascending a flight of stairs, you'll find the first floor with two balconies offering views of the bustling street below. Another set of stairs leads to the terrace, which boasts picturesque views of the town and surrounding mountains.
For those seeking an intriguing renovation project, this property offers a wonderful opportunity to create a beautiful townhouse in a prime location. Do not hesitate to contact us for further information and book your viewing now!
Currently in ruins and used as a garage, the property holds great potential for transformation into a charming three-story home. The ground floor features an entrance that opens into three additional rooms. Ascending a flight of stairs, you'll find the first floor with two balconies offering views of the bustling street below. Another set of stairs leads to the terrace, which boasts picturesque views of the town and surrounding mountains.
For those seeking an intriguing renovation project, this property offers a wonderful opportunity to create a beautiful townhouse in a prime location. Do not hesitate to contact us for further information and book your viewing now!
Property Features
- 3 bedrooms
- 0 bathrooms
- 87m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,750€
Final Payment of 90% on completion
96,750€
Property Purchase Expenses
Property price
107,500€
Transfer tax 10%
10,750€
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.