6 bedroom Villa for sale in Pueblo Cortijo, Málaga, Spain

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Ref: TPG843

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This spacious property, with 6 bedrooms and 2 bathrooms, offers incredible potential in a highly desirable area, perfect for a commercial or residential transformation. With 142 m² of build space on an 800 m² plot, this property features ample room for expansion or creative renovation, making it an ideal investment for those with a vision.Located in the heart of town, this property offers convenient access to the port, local shops, schools, and the sea, ensuring all amenities are within easy reach. The 12 m² terrace provides outdoor space, ideal for a cozy sitting area or garden extension. Community fees are €384 per month, and annual IBI fees are €1,475, keeping operational costs reasonable.Condition: In need of renovation, making it a blank slate for customizationsThis central location offers urban views and high accessibility—perfect for those looking to add value in a prime area.~

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Property Features

6 bedrooms
2 bathrooms
142m² Build size
800m² Plot size
Business/ investment
Close to schools
Setting - close to sea
Setting - close to shops
Setting - town
Setting - close to port
Condition - renovation required

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

97,000€

Final Payment of 90% on completion

900,000€

Property Purchase Expenses

Property price

1,000,000€

Transfer tax 10%

100,000€

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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Mortgage Amount:

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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.