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Ref: MLSC9789232
Property marketed by The Property Group
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Location! Location! Location! This traditional village house enjoys an enviable location in a central residential street of Álora puebloBuilt on a 87 m2 plot, the accommodation extends to 120 m2 and is divided over 2 levels The ground floor has been professionally refurbished using high quality materials including installation of very stylish, quality doors and windows, new electrical installation, preinstallation of plumbing and new tiled floors The accommodation on the ground floor offers one open plan room ideal for living room/ dining room / kitchen and one other room The rest of the property including the patio area and terrace and the upper level of the property which offers potential for 2 bedrooms and a bathroom, requires refurbishment
Property Features
- 3 bedrooms
- 1 bathroom
- 120m² Build size
- 87m² Plot size
- Close To Bus Station/Stop
- Open Terrace/Patio
- Mains Electricity
- Mains Water
- Nearest Airport Malaga
- Roof Terrace
- Walk To Bars/Restaurants
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,900€
Final Payment of 90% on completion
89,100€
Property Purchase Expenses
Property price
99,000€
Transfer tax 10%
9,900€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.