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Ref: HP96560A
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Lovely finca, situated on a FLAT PLOT, with LOVELY VIEWS of the Montgo, and totally restored in 2005, retaining all the charm and character. Accommodation consists of: spacious living/dining room, with fireplace; ample fully fitted kitchen, with office and a little bar; good-size utility room; master bedroom, with en-suite shower; 4 more bedrooms; bathroom; further shower room; loft, for storage; good-sized naya, with original Tosca arches. In addition: underfloor heating; hot and cold air conditioning; double glazing; security door; fireplace; laundry room. Externally: lovely 10m x 5m swimming pool, with ample terraces; another naya, with barbecue; large storeroom (which could be a wine cellar if desired); lovely, fully enclosed, easy maintenance garden, with small orchard; ample garage and parking for 4 cars. This is a fantastic south/west facing property, in a quiet and private location in the Montgo area, enjoying good open views. HP96560A
Property Features
- 5 bedrooms
- 3 bathrooms
- 390m² Build size
- 2,700m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
62,000€
Final Payment of 90% on completion
585,000€
Property Purchase Expenses
Property price
650,000€
Transfer tax 8%
52,000€
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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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.