2 bedroom Villa for sale in Torrox, Málaga, Spain

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Ref: TV471

Property marketed by Estate Agents Pérez-Oglietti

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Town house to reform in Torrox Pueblo. It consists of 2 floors of 22M2 each, on the ground floor would go the living room, the kitchen and an open patio with a total of 15.13M2 useful + 6M2 of patio; on the first floor there would be 1 bedroom and a bathroom and with a useful area of 14.91M2 (according to the architect's attached plan). Located in one of the most emblematic streets of the town, very close to a free public car park and about 4 minutes walk from the centre. A small project for those who wish to convert it into a cozy little house where you can spend your holidays or as a tourist rental. * Has all the documentation in order, registered deed.

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Property Features

2 bedrooms
1 bathroom
44m² Build size
Private patio
Closeby : Street/market
Closeby : Restaurants/bars.
Closeby : Drugstore
Closeby : School

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

2,500€

Final Payment of 90% on completion

49,500€

Property Purchase Expenses

Property price

55,000€

Transfer tax 10%

5,500€

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.

Mortgage Calculator

Mortgage Amount:

55,000€

Deposit:

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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.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.