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Ref: TH6045
Property marketed by Inland Andalucia
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Situated in the lively town of Martos in the Jaen province of Andalucia, Spain. This charming little, one bedroom, terrace house has been renovated to a good standard and is ready to live in or use as a great bolt hole. Enter the wooden front door into the living space, the kitchen area on the left has a run of tiled worktop with a sink and an electric hob. Further back is a cave like living area off which is a lovely shower room. The stairs on the right by the front door lead up to the bedroom with a beamed ceiling and air conditioning. Behind a curtain, off this bedroom, is a utility room with the washing machine and electric water heater. Stairs also lead up from the bedroom to the private sun terrace which has views over the rooftops across the city of Martos. This is a very lovely, little house that will not be on the market for long.
Property Features
- 1 bedroom
- 1 bathroom
- 47m² Build size
- 33m² Plot size
- Air Conditioning
- Private Terrace
- Sun Terrace
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
27,000€
Property Purchase Expenses
Property price
30,000€
Transfer tax 10%
3,000€
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.