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Ref: FRE314
Property marketed by ethoscasas.com
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This restoration project is for sale in Los Montesinos and offers an amazing opportunity for someone looking to create a peaceful retreat with stunning lake views in the quiet area of Lo Blanc.The original house dates back to 1950, so a little updating was definitely needed. The current owners have stripped the property back to a shell, added new double glazed windows and laid the ground work for this to become either a 2 or 3 bedroom, 2 bathroom townhouse.At the rear of the property is a courtyard and separate outbuilding that could be demolished to create extra outside space or renovated to provide further living area. The roof terraces have great views of the lakes.The surrounding area is full of lemon trees and the scent of the blossom is superb.Just a 5 minute walk brings you to the main town which offers everything you could need for daily living. Within a 10 minute drive you have a choice of golf courses, beaches and shopping centres.Overall, this has the potential to become a superb home in a peaceful location, but it is not one for the faint-hearted!
Property Features
- 3 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,250€
Final Payment of 90% on completion
38,250€
Property Purchase Expenses
Property price
42,500€
Transfer tax 8%
3,400€
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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