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Ref: TH5180
Property marketed by Inland Andalucia
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Situated in the popular town of Fuente de Piedra in the Malaga province of Andalucia, Spain. This property is in need of renovation but has lots to offer. Centrally located and close to all the town has to offer including shops bars and restaurants all within easy walking distance. The property has a gated entrance which opens in to a small courtyard with a covered area and outside bathroom and a second entrance in to another outside space with more outbuildings and garden area. Inside the property needs updating throughout with the ground floor offering a rustic kitchen and pantry and on to a dining room and separate lounge. On the first floor the stairs open to a bedroom on the right that overlooks the garden and on the left 2 more bedrooms one located off the other which is very typical here in Spain. This property needs some attention to make it into a family home with good outside spaces.
Property Features
- 3 bedrooms
- 1 bathroom
- 179m² Build size
- 258m² Plot size
- Close to Amenities
- Garden
- On Street Parking
- Patio
- Renovation Needed
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,200€
Final Payment of 90% on completion
64,800€
Property Purchase Expenses
Property price
72,000€
Transfer tax 10%
7,200€
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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