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Ref: 42054-SS
Property marketed by Stratus International Properties

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Renovation Opportunity in Monóvar – Ideal for Residential or Investment Use This semi-detached property in Monóvar is a blank slate, ready for a complete renovation. Originally used as a garage or commercial space, it requires a change of use approval from the local authorities to be converted into a residential home.The property has no electricity or water connections but offers a solid structure and multiple possibilities. It can be transformed into a spacious family home or two independent studio apartments, making it a great option for investment or personal use. About the Area Monóvar is a historic town in Alicante province, known for its traditional charm, vineyards, and peaceful surroundings. It offers all essential services, including supermarkets, schools, and healthcare, while being just 35 minutes from Alicante and its airport. With a growing demand for housing, this is an excellent location for both living and investment.If you're looking for a renovation project with great potential, this is an opportunity worth exploring. Contact us for more details!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
- 2 bedrooms
- 2 bathrooms
- 90m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,500€
Final Payment of 90% on completion
40,500€
Property Purchase Expenses
Property price
45,000€
Transfer tax 8%
3,600€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.