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Ref: AI-Palomares
Property marketed by Undiscovered Spain

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This 2-bedroom townhouse with a garden area is situated in the peaceful village of Palomares, just 6km from the popular town of Rute in the Cordoba province of Andalucia, Spain. Enjoy the tranquility of the countryside while still being close to amenities. The property is a 1-hour drive from Malaga airport and just 13 miles from the stunning inland lake of Iznajar.Located on a quiet road with off-road parking within a generous-sized front patio/garden space, the house boasts far-reaching countryside views. Upon entering, you'll find an open-plan kitchen, dining, and living area, with a double bedroom on the ground floor to the left. A staircase leads to the first floor, where you'll find a double bedroom to the left and a twin bedroom to the right, complete with an ensuite shower room.On the market for 36,000 euros, with town water and electricity already connected, and set on a 132m2 plot, this property is an ideal DIY project. Live in the townhouse and update it at your own pace! Don't miss this opportunity to create your dream home in a privileged Andalusian setting.
Property Features
- 2 bedrooms
- 1 bathroom
- 76m² Build size
- 132m² Plot size
- Garden
- Patio
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
600€
Final Payment of 90% on completion
32,400€
Property Purchase Expenses
Property price
36,000€
Transfer tax 10%
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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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.