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Ref: TPG830
Property marketed by The Property Group
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This charming villa/finca, located in the highly desirable area of the New Golden Mile, offers a fantastic renovation opportunity. Just a short walking distance from the beach and the Paseo of Estepona, this south-facing property boasts a generous plot of 748 m², complete with a private garden and swimming pool.rnrnThe main house features a living area with a fully fitted kitchen, two bedrooms, and two bathrooms. Additionally, a separate guest house offers three more bedrooms and one bathroom, perfect for extended family or visitors. The home also includes spacious covered terraces, ideal for outdoor living.rnrnWhile the property requires renovation, it holds immense potential with its private setting and open parking space. Offering features like air conditioning, a fireplace, and lovely views of the garden and pool, this finca is perfect for those seeking a tranquil retreat near the sea. rnrnIBI Fees: €319/year rnBuild Size: 139 m² rnTerrace: 35 m² rnOrientation: South~
Property Features
- 5 bedrooms
- 3 bathrooms
- 139m² Build size
- 748m² Plot size
- A/C
- Fireplace
- Kitchen - fully fitted
- Parking
- Private terrace
- Air conditioning
- Orientation - south
- Private pool
- Condition - renovation required
- Road parking
- Setting - Close To Sea
- chimney
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
69,500€
Final Payment of 90% on completion
652,500€
Property Purchase Expenses
Property price
725,000€
Transfer tax 10%
72,500€
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.