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Ref: TV404
Property marketed by Estate Agents Pérez-Oglietti
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Town house to renovate for sale located in the heart of Torrox Pueblo. 170M2, consists of a spacious entrance hall, a living room (the first), separate kitchen; From this floor you go down to another floor where there is a living room (the second one) and 3 bedrooms; From the ground floor or entrance there are other stairs that lead to the first floor, on this floor we have a large living room (the third), 1 bedroom and 1 bathroom (this floor is east facing); Before reaching the second and last floor we find a storage room and we go up to the second floor where there is 1 bedroom and another living room with a balcony facing west (it would be the fourth living room of the house) and from where you go up to the terrace of the house where there is also a laundry room. The house needs a complete renovation, but once renovated it will become an ideal home for a large family or an ideal place to spend a pleasant holiday, it is also a good investment to convert it into a B&B or as a tourist rental. Located in one of the most well-known and emblematic streets of the town, very close to supermarkets, shops, restaurants, etc., a few meters from the center of the town and also close to a free municipal car park. Don't miss this excellent opportunity, unbeatable price for a quick sale!
Property Features
- 5 bedrooms
- 1 bathroom
- 190m² Build size
- Sun/facing : East
- Petfriendly : Yes
- Terrace/balcony
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
- Closeby : School
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,000€
Final Payment of 90% on completion
135,000€
Property Purchase Expenses
Property price
150,000€
Transfer tax 10%
15,000€
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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