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Ref: ADH6008C
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Renovation Project in Pinoso. If you are looking for a renovation project this could be the property for you.Conveniently located in Pinoso, this former bodega has four bedrooms, kitchen and bathroom. The property has a basement just waiting to be converted, there is also the added bonus of building another floor on top of the property if required. There is an electricity supply, mains water and also a water deposit.The property is in Pinoso a much sought after town, there are plenty of supermarkets, bars and restaurants, everything you need for day to day living is on your dooestep.
Property Features
- 4 bedrooms
- 1 bathroom
- 168m² Build size
- 185m² Plot size
- Basement
- Water Deposit
- walking distance to town
- Mains Water
- Mains Electric
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
2,999€
Final Payment of 90% on completion
53,991€
Property Purchase Expenses
Property price
59,990€
Transfer tax 8%
4,799€
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.