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Property marketed by The Property Group
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This traditional village house, although structurally sound, does require refurbishment and modernisation It is located on a generous plot of 138m2 and the living space which is currently offered is all on one level extending to 64m2 One enters from the street into a reception lounge and there are two bedrooms located off either side of the lounge To the rear of the property is a dining/kitchen although it is very old fashioned in style Off of the kitchen is a pleasant terrace which hosts views to the historic Álora castle This property really is a "blank canvas" offering an interesting project to any potential buyer It currently has a very old fashioned outside toilet at the bottom of the garden but there is ample space to install a new bathroom within the house or, indeed, to extend the house There is a basement area which could also be developed One of the particularly attractive features of this property is the orchard/garden which it enjoys which is planted with various fruit trees The fact that there is a separate side entrance from the street to the garden also provides greater flexibility for development
Property Features
- 2 bedrooms
- 0 bathrooms
- 64m² Build size
- 138m² Plot size
- Entrance Hall
- Close To Bus Station/Stop
- Garden
- Mains Electricity
- Mains Water
- Mature Garden
- Separate WC
- Unfurnished
- Village Location
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,600€
Final Payment of 90% on completion
59,400€
Property Purchase Expenses
Property price
66,000€
Transfer tax 10%
6,600€
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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