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Ref: M270465
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Town house located in a quiet street in Capdepera, just 5 minutes walk to the town center. the house is located on a large plot with the possibility of building up to 6 completely independent houses with access to 3 streets. The house has 2 floors. The ground floor, is distributed in a wide entrance hall, 3 double bedrooms, 1 bathroom with shower, kitchen, living room with direct access to a patio with a large garden, 2 large storage rooms and laundry. from the distributor of the ground floor, you access the first floor distributed in 2 double bedrooms and 2 rooms, used as a warehouse. The first floor has a large terrace with unobstructed views. The house needs to reform. Due to the large area of its land, it is possible to build up to 6 houses. Ideal property for investors in the area. WE ARE ALSO CONSTRUCTORS, TAKE ADVANTAGE OF THE POSSIBILITIES OF THIS PROPERTY TO BUILD!
Property Features
- 5 bedrooms
- 1 bathroom
- 296m² Build size
- 674m² Plot size
- heating
- Garage
- Telephone
- Garden
- Water Deposit
- laundry
- Terrace
- Appliances
- Storeroom
- Kitchen Indep.
- Light
- Water
- porch
- Furniture
- T. V.
- Pantry
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
47,000€
Final Payment of 90% on completion
450,000€
Property Purchase Expenses
Property price
500,000€
Transfer tax 10%
50,000€
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.