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Rustic ground floor country house to renovate in Novelda (Alicante), just 30 minutes from the beach.
The house has a total area of 170m2 of which 80m2 is living area and 90m2 is a fenced terrace. The house has 2 bedrooms, 1 bathroom, a living room with a chimney and a kitchen. On the terrace there is a summer kitchen that needs to be completed and there is enough space to park a car.
The house is in a very quiet area and 2 minutes from the city and 25 from the airport.
The house has a total area of 170m2 of which 80m2 is living area and 90m2 is a fenced terrace. The house has 2 bedrooms, 1 bathroom, a living room with a chimney and a kitchen. On the terrace there is a summer kitchen that needs to be completed and there is enough space to park a car.
The house is in a very quiet area and 2 minutes from the city and 25 from the airport.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,400€
Final Payment of 90% on completion
129,600€
Property Purchase Expenses
Property price
144,000€
Transfer tax 8%
11,520€
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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