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House for Sale in Petrer – Renovation Project with Multiple Possibilities
A spacious 388 m² property is available for sale, distributed over two floors, offering great potential for both residential use and investment.
Property Layout
Ground Floor: Large storage space/commercial premises, ideal for setting up a business, using as a garage, or adapting to various needs.
Upper Floor: Currently used as a single home, but originally designed as two separate apartments.
Each apartment includes 3 bedrooms, 1 full bathroom, living room, kitchen, pantry, and terrace.
In total, the property features 6 bedrooms, 2 bathrooms, 2 living rooms, 2 kitchens, and 2 terraces.
The house can be maintained as a single residence or divided into two independent apartments and the commercial space, depending on the buyer’s needs. It has water and electricity throughout the entire property.
Originally built in 1960, the property has updated and legal documentation, ensuring a smooth buying process and any potential renovation.
Location and Investment Potential in Petrer
Petrer is a growing town located in the metropolitan area of Alicante, with excellent motorway connections to cities such as Elche, Villena, and Alicante itself. Its proximity to the A-31 motorway allows for quick access to the coast and Alicante-Elche Airport.
The area has a high demand for real estate, both for permanent residence and rental investment. The combination of tranquility, essential services, and accessibility to urban centers makes it an excellent choice for property buyers.
This property is a unique opportunity for those looking for a renovation project with multiple possibilities in one of Petrer’s most desirable areas. For more information or to arrange a viewing, please do not hesitate to contact us.
Property Features
- 6 bedrooms
- 2 bathrooms
- 388m² Build size
- Utility room
- Alarm system
- Fast internet & phone
- Mains electric
- Mains sewerage
- Mains water
- Walking Distance To Town
- Pool: No
Costing Breakdown
* 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 Result
* 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.
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.