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Ref: M268970
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Studio Apartment - Central Sierra Nevada - Modern Refurbished Design - Rental OpportunityThis small but perfectly formed studio apartment located in Monachil, Sierra Nevada, offers the perfect base for 4 people to enjoy the famous ski resort.The apartment has been fully refurbished by the current owner, maximising space to the full and offering complete modernisation and a truly homely feel.The apartment offers a snowy, mountain view and is just a short walk to the ski slopes and town of Monachil.The property has enjoyed a healthy rental income since its refurbishment and is normally fully-booked from November through to February. Studio Apartment Central Location Refurbished and Modernised Healthy Rental Income Capacity for 4
Property Features
- 1 bedroom
- 1 bathroom
- 30m² Build size
- 30m² Plot size
- mountain views
- Key ready
- Close to Shops
- Kitchen appliances
- Furnished kitchen
- Studio
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,000€
Final Payment of 90% on completion
108,000€
Property Purchase Expenses
Property price
120,000€
Transfer tax 10%
12,000€
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.