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Charming Town House to Renovate in Monóvar
This town house, located in Monóvar, offers an excellent opportunity for those looking for a renovation project. The property has one bedroom and one bathroom, but has the potential to create two additional bedrooms.
1 existing room with the possibility of 2 more
1 full bathroom
Garage included
Great mountain views
Just 10 minutes from the center of Monóvar
The house needs renovation, but with a little work, it can be converted into a beautiful residence in a charming location. Take advantage of this opportunity to design and personalize your ideal home in Monóvar.
About Monóvar:
Monóvar is a picturesque town located in the province of Alicante, known for its rich history and charming natural environment. With a vibrant local community, Monóvar offers a variety of services, including shops, restaurants and cultural centers. The town is also famous for its wine and olive oil production, as well as its traditional festivals and events that reflect its rich cultural heritage. Living in Monóvar means enjoying a quiet and authentic quality of life, surrounded by beautiful landscapes and a welcoming atmosphere.
Property Features
- 1 bedroom
- 1 bathroom
- 100m² Build size
- 13,600m² Plot size
- Swimming Pool
- Garage
- Mains electric
- Mains water
- Cess Pit / Septic Tank
Costing Breakdown
* 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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Mortgage Result
* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
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.