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Ref: 050941/6907
Property marketed by Canary Hogar
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We have for sale Villa in El Madroñal has been reformed in 2020, built on a Plot 558 m2. Villa with a living area of 139 m2 on 3 levels after major repairs.~On the ground floor there is a spacious living and dining room with access to the patio, a separate kitchen, 3 bedrooms and 3 bathrooms.~On the first floor there are 2 bedrooms, 1 bathroom and a spacious master bedroom with its own bathroom.~On the upper floor there is a terrace with panoramic views to the mountains, the surroundings and the ocean. There is a spacious patio with an owner's pool, a relaxation area with sun loungers, a removable barbecue area, as well as a courtyard garden and parking.~The villa is suitable for a comfortable family stay, as well as investment for tourist rental, the villa has a tourist license. Don't miss this opportunity.~
Property Features
- 6 bedrooms
- 5 bathrooms
- 233m² Build size
- 558m² Plot size
- Swimming Pool
- Balcon
- Alarm Theft
- telephone
- Wardrobes cupboard
- Light
- Water
- Pergola
- Water Deposit
- Automatic Doors
- Vistas al mar
- Alarm Fire
- Terrace
- Garage
- Pool Own
- Air-Conditioning
- Alarm
- Garden
- Furniture
- Storeroom
- Jacuzzi
- Barbecue
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
137,000€
Final Payment of 90% on completion
1,260,000€
Property Purchase Expenses
Property price
1,400,000€
Transfer tax 10%
140,000€
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.