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Property marketed by Ibizavende
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Detached house for sale in El Pilar de la Mola, Formentera, of 163 m² constructed on an urban plot of 777 m². The property has three spacious double bedrooms with fitted wardrobes, two complete bathrooms (one en suite), living-dining room and fitted kitchen with new appliances.The property is classified as Eu-EPL (single-family detached house) according to Formentera's building regulations, which allows a buildable area of 0,60 m²/m², making it possible to extend the house up to 465 m².In addition, the house has three storage rooms, two garages and two cisterns, providing ample storage space. There is also mains water, sewage treatment plant and a large parking area. All essential services are within walking distance, such as supermarkets and banks, ensuring day-to-day convenience.It is an excellent opportunity for investors, as being in an urban area, it allows for the extension of the property, which significantly increases its value and business potential. All documentation is in order, ready for sale.We have many more houses, flats, villas, fincas, commercial premises and land for rent and sale on the island. Thank you for considering us as your real estate agency in Ibiza.
Property Features
- 3 bedrooms
- 2 bathrooms
- 163m² Build size
- 777m² Plot size
- Zonas Comunes
- Garaje
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
112,000€
Final Payment of 90% on completion
1,035,000€
Property Purchase Expenses
Property price
1,150,000€
Transfer tax 10%
115,000€
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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