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Ref: TH5247
Property marketed by Inland Andalucia
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Situated in the town of Algarinejo in the Granada provine of Andalucia, Spain is this 3 bedroom, 2 building Townhouse in need of renovation. You have an entrance from a quiet wide street with on road parking right outside the first building which has 2 rooms on the ground floor and another large room on the first floor, you then have a private courtyard at the rear with steps taking you into the second 3 storey building that has access from another street and is in a much better condition than the first building. The 2 properties are for the professional renovator or experienced builder, on the market for 27.000,00 euros.
Property Features
- 3 bedrooms
- 0 bathrooms
- 58m² Build size
- 118m² Plot size
- Close to Amenities
- Fireplace
- Internet
- Lounge Diner
- Near Public Transport
- On Street Parking
- Patio
- Renovation Needed
- Storage Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
19,000€
Property Purchase Expenses
Property price
22,000€
Transfer tax 10%
2,200€
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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