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Ref: LC047
Property marketed by Competa Properties S.L.
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This garage is located at one of the main entrances to the village of Sedella, with ideal access. The garage is located on a small plot of 91m2, of which 21m² correspond to the garage.
This property has great potential as an apartment could also be built on the upper part.
This property has great potential as an apartment could also be built on the upper part.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
24,000€
Property Purchase Expenses
Property price
27,000€
Transfer tax 10%
2,700€
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.