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Ref: M270582
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Finca with 2 houses in Santa Margalida. The farm is located on the road from Santa Margalida to Son Serra de Marina. The farm, wooded abundant fruit and trees indigenous to the islands, is completely flat. The farm has 2 houses completely refurbished. The main house is distributed in a living room, fully fitted kitchen, 2 double bedrooms with wardrobes, bathroom, storage room and a large terrace with porch, barbecue and pool. The second house has a living room with fireplace, fully fitted kitchen, 1 double bedroom and a bathroom. In the exterior, there is 1 covered parking for several cars. The property has solar panels with enough power for 2 houses and water well. The houses are heated with oil boiler, air conditioning, double glazed windows and are sold fully furnished and ready to move into.
Property Features
- 6 bedrooms
- 2 bathrooms
- 289m² Build size
- 7,142m² Plot size
- Swimming Pool
- Private Pool
- Air Conditioning
- heating
- Garage
- Garden
- Water Deposit
- Barbecue
- Terrace
- Wardrobes cupboard
- Appliances
- Storeroom
- Ceilings
- Light
- Water
- Furniture
- T. V.
- satellite
- Automatic Doors
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
57,000€
Final Payment of 90% on completion
540,000€
Property Purchase Expenses
Property price
600,000€
Transfer tax 10%
60,000€
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.