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Ref: AG19MLSC3325890
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Incredible investment opportunity! On offer is a set of two rustic houses located on the outskirts of Orihuela, ideal for those looking for a reform project with great potential. These properties are situated on a plot of 850 m², with a constructed area of 267 m² in total, distributed over 4 bedrooms and 2 bathrooms. Located in Raiguero de Bonanza, a quiet and picturesque hamlet surrounded by nature, these properties offer the charm of a rural setting with the benefit of being close to all the amenities of Orihuela. This setting is ideal for those seeking a place of peace and tranquillity, with easy access to outdoor activities such as hiking and cycling. Don't miss this unique opportunity to invest and reform in a privileged environment. For more information or to arrange a viewing, please do not hesitate to call us, we will be delighted to help you!
Property Features
- 4 bedrooms
- 2 bathrooms
- 267m² Build size
- 850m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
22,000€
Final Payment of 90% on completion
225,000€
Property Purchase Expenses
Property price
250,000€
Transfer tax 8%
20,000€
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.