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Ref: BLC00549
Property marketed by Blue Lagoon Casas
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Well presented 2 Bedroom 1 Bath Ground Floor Apartment located in the lovely gated community of St James Hills, Las Filipinas, a short walk to the 2 x commercial centres of La Fuente and Villamartin. The property is being sold fully furnished, fully fitted kitchen, ceiling fan, and with fitted wardrobes. It has the bonus of good size private garden and also communal parking space and lovely communal swimming pool, all in a gated complex. With low running costs this is an ideal property either as a holiday home or given the local a great rental option.
Property Features
- 2 bedrooms
- 1 bathroom
- 55m² Build size
- 79m² Plot size
- Electric Hot Water
- Freezer
- Microwave
- FamilyRoomPresent
- KitchenPresent
- LivingRoomPresent
- Washing Machine
- Fridge Freezer
- Oven
- Communal Gardens
- Communal Pool
- Gated Community
- Close to Golf
- Close to Schools
- Close to Shops
- Close to Bars and Restaurants
- Close to Beaches
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,500€
Final Payment of 90% on completion
76,500€
Property Purchase Expenses
Property price
85,000€
Transfer tax 8%
6,800€
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.