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Ref: TH1162
Property marketed by Competa Properties S.L.
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This town house is located in Árchez, a Moorish village on the Mudejar route, with great potential to become a fantastic property. The main house has several floors: on the first floor, there is a living-dining room, a bedroom, kitchen, storage room, laundry room, and a bathroom; on the second floor, two bedrooms and a bathroom; and on the third floor, an ironing room and a terrace with views of the village and mountains. Additionally, it can connect to a third open-plan floor of 65 m², with a separate entrance and garage. Next to the main house, there is a 34 m² storage room that could be converted into an apartment. The property can be divided into two houses and an apartment, ideal for tourist accommodation or for guests.
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Property Features
- 3 bedrooms
- 2 bathrooms
- 265m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,990€
Final Payment of 90% on completion
116,910€
Property Purchase Expenses
Property price
129,900€
Transfer tax 10%
12,990€
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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