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Property marketed by The Property Group
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REDUCED TO SELL: Adosado Jema lies on the outskirts of Alcaucin village on the road leading to the national park Part of a modern small development (completed approximately ten years ago), all the homes are substantial, multi-levelled, terraced town houses Adosado Jema had the added advantage of being in the first row of the build which means that it has uninterrupted views to the lake and countryside below The property is on four storeys, the utility room (and part of the garage) being on the lowest level Two bedrooms and a bathroom complete the next level whilst the third level is the main living area This floor has a kitchen, cloakroom and a lounge, with two patio doors leading onto a semi-covered terrace On the top floor, there is the master bedroom with its own en-suite and private terrace The large, private garage (with utilities fitted) spans the four floors, all being connected via an internal granite staircase The development also enjoys a communal 12m swimming pool Local amenities of the fully-served, very Spanish Alcaucin village (bank, health centre, library, etc) lie a short walk away Adosado Jema is a turn-key opportunity, sold fully furnished and in need of no renovations and repairs with fixtures and fittings to a consistently high and modern quality standard
Property Features
- 3 bedrooms
- 3 bathrooms
- 140m² Build size
- 100m² Plot size
- Fireplace
- Garage
- Entrance Hall
- Utility room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,500€
Final Payment of 90% on completion
175,500€
Property Purchase Expenses
Property price
195,000€
Transfer tax 10%
19,500€
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.