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Ref: 70039
Property marketed by Stratus International Properties

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Discover a unique opportunity to own a restoration project nestled in the serene countryside of Jumilla. This property offers a blend of rustic charm and potential, perfect for those looking to create their dream home or investment. Situated 20 km from Jumilla and 18 km from Pinoso, this property is located in a remote, uninhabited hamlet, offering peace and tranquillity.Property Details:Old House (213 m²): This two-story house features 8 spacious bedrooms, a kitchen with a large fireplace, and high ceilings that add to its character and traditional Spanish style. Please note that the roof has collapsed in several areas and the house requires a complete restoration. An attached garage provides additional utility.Warehouse (155 m²): A solidly constructed warehouse in good condition, offering ample space for storage or potential conversion.Land (10,800 m²): Enjoy breathtaking mountain views from plot of land, perfect for gardening, farming, or simply enjoying the natural beauty of the area. The parcel has remnants of an old building.The property is connected to grid electricity and has access to both drinking and irrigation water, ensuring convenience for future development.This is a rare opportunity to invest in a property with immense potential in a picturesque setting. Don't miss out on the chance to bring this restoration project to life!About the area: Jumilla is a charming town renowned for its scenic vineyards, and vibrant local culture. Known primarily for its award-winning wines, this picturesque town offers a perfect blend of traditional Spanish character and modern living. With its historic landmarks, bustling market squares, and beautiful countryside, Jumilla provides an ideal setting for those seeking a peaceful yet vibrant lifestyle in province Murcia, 80 minutes from Costa Blanca.About us: We have a large portfolio of properties in the Costa Blanca and Costa Calida areas, specialising in country properties, villas, fincas, building plots and design and build options in the Alicante and Murcia regions with a particular emphasis on Elda, Monovar, Pinoso, Sax, Villena, Aspe, Fortuna, Albacete and many more surrounding areas. We have been established since 2004 and have decades of experience between the team which we bring to bear to help you find and secure your new dream home. We help you every step of the way to make sure your purchase in Spain is safe and hassle free. We are not here to sell you a property, we are here to help you realise your dream and find what is right for you. With us you are in the safest hands. Contact us now to have a no obligation chat about how you too can realise your dreams.
Property Features
- 8 bedrooms
- 0 bathrooms
- 368m² Build size
- 10,868m² Plot size
- Mains Irrigation Water
- Storage
- Outbuildings
- Annexe
- Larder
- Garage
- Mains Water
- Mains Electric
- Telephone
- Internet
- Great views
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,499€
Final Payment of 90% on completion
58,491€
Property Purchase Expenses
Property price
64,990€
Transfer tax 8%
5,199€
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.