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Ref: TPG575
Property marketed by The Property Group
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Step into history and unlock the potential of this charming cave house nestled in the serene village of Bacor-Olivar, which offers a unique opportunity for restoration and transformation into your dream home.rnrnKey Features:rnrn- With three potential bedrooms, a kitchen-living room, and a dining room complete with a pantry, there's ample space to craft a comfortable living environment tailored to your needs. Adjacent to the main dwelling is an unreformed cave comprising two rooms and a kitchen, offering exciting possibilities for expansion or additional living quarters.rnrn- With a convenient location, enjoy the peace of rural living while still being within reach of essential amenities and local attractions. The property presents breathtaking panoramic views. Also, welcome guests to your future front yard, perfect for entertaining the guests.rnrnRenovation Opportunities:rnrn- Facade Rebuilding: Restore the facade to its former glory, breathing new life into the exterior aesthetics of the property.rnrn- Utility Reconnections: While the water connection is conveniently located outside, the property requires reconnection to the electricity grid—offering a chance to modernize and customize electrical systems to suit your needs.rnrnBacor- Olivar:rnrnBácor-Olivar is in the province of Granada next to the Negratin Reservoir (4kmaway). Has all the amenities for day-to-day running including a post office and a butcher, and only 22km from the large town of Baza.~
Property Features
- 3 bedrooms
- 1 bathroom
- 90m² Build size
- 186m² Plot size
- Breathtaking mountain views
- Terrace
- Panoramic views
- Parking - off road
- Quiet Location
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
20,630€
Property Purchase Expenses
Property price
23,630€
Transfer tax 10%
2,363€
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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