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Ref: TH5983
Property marketed by Inland Andalucia
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Situated in popular Castillo de Locubin, just a short drive to the historical city of Alcala la Real in the south of Jaen province in Andalucia, Spain. Located on a wide level street with on road parking opposite, you enter this property, which is ready for the final renovation stages, into a hallway that leads into a reception area off which is a ground floor double bedroom on the right. Passing the stairs and storage space, a corridor leads to a lounge / diner to the left and ahead is the tiled kitchen area which has direct access out into a good size, tiled internal patio. Also off the corridor is a fully tiled shower room that just needs the fittings, ( please see image number 14 on our Website ). The staircase takes you to the first floor landing from where you have a large double bedroom on the left and to the right is a further spacious bedroom which also has an ensuite shower room that needs to be finished. With the major work completed this is an ideal DIY project property to create a family home in the warm sunshine of southern Spain.
Property Features
- 3 bedrooms
- 2 bathrooms
- 114m² Build size
- 99m² Plot size
- Close to Amenities
- Fireplace
- Good Rental Potential
- Guest Toilet
- Ideal Family Home
- Internet
- Lounge Diner
- Near Public Transport
- On Street Parking
- Patio
- Renovation Needed
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,800€
Final Payment of 90% on completion
43,200€
Property Purchase Expenses
Property price
48,000€
Transfer tax 10%
4,800€
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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