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Property marketed by Stratus International Properties
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Affordable Renovation Opportunity in Monóvar, AlicanteThis property offers a fantastic opportunity for anyone looking to invest in a home with potential. Located in the charming town of Monóvar, Alicante, this house is in need of renovation to make it fully livable. It currently has no electricity and requires some restoring, painting, and updates to bring it to life.Whether you're tired of renting and looking to create your dream home at your own pace or seeking a project to renovate for rental income or resale, this property is ideal. Its quiet location adds to its appeal, making it perfect for those looking to escape the hustle of city life.About the AreaMonóvar is a quaint town in the province of Alicante, known for its rich history, warm community, and tranquil surroundings. It offers a range of amenities, including shops, restaurants, schools, and healthcare facilities. Just 30 minutes from Alicante city and its beautiful beaches, Monóvar is conveniently located while maintaining its peaceful, small-town charm.This is an excellent opportunity to create a home tailored to your vision or to take on a rewarding renovation project. Contact us today to arrange a viewing and see the potential for yourself!We have a large portfolio of properties in the Costa Blanca and Costa Calida areas, specialising in country properties, villas, fincas, building plots and design and build options in the Alicante and Murcia regions with a particular emphasis on Elda, Monovar, Pinoso, Sax, Villena, Aspe, Fortuna, Albacete and many more surrounding areas. We have been established since 2004 and have decades of experience between the team which we bring to bear to help you find and secure your new dream home. We help you every step of the way to make sure your purchase in Spain is safe and hassle free. We are not here to sell you a property, we are here to help you realise your dream and find what is right for you. With us you are in the safest hands. Contact us now to have a no obligation chat about how you too can realise your dreams.
Property Features
- 3 bedrooms
- 1 bathroom
- 88m² Build size
- Air Conditioning
- Central Heating
- Furnished
- Open Terrace/Patio
- Mains Water
- Telephone
- Internet
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,700€
Final Payment of 90% on completion
42,300€
Property Purchase Expenses
Property price
47,000€
Transfer tax 8%
3,760€
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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Spanish Property News & Updates by Spain Property Portal.com
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.