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Ref: SD1F-52124
Property marketed by NERJA BEACH PROPERTIES
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Charming town house with private garage and garden in the historic centre of Vélez-Málaga. This unique residence offers 2 living rooms in the main house, a separate kitchen and 3 bedrooms along with 1 bathroom on the upper floor. In addition, it has an outdoor kitchen, another bathroom and a garage. The electrical installation has been completely renovated. Highlights include a dovecote, which could be transformed into another room, and an implement with the potential to become an apartment. It enjoys wonderful panoramic views of the village and sun throughout the day thanks to its privileged orientation. An exceptional opportunity to enjoy the charm of the historic old town lifestyle.
Property Features
- 3 bedrooms
- 2 bathrooms
- 336m² Build size
- 423m² Plot size
- Parking : YES
- Furnished : No
- Private patio
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
18,500€
Final Payment of 90% on completion
193,500€
Property Purchase Expenses
Property price
215,000€
Transfer tax 10%
21,500€
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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Spanish Property News & Updates by Spain Property Portal.com
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.