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Ref: 846
Property marketed by ExtremaCasa
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This 3-storey property situated in the picturesque and friendly mountain village of Gata requires refurbishment but has huge potential either as a family home, for rental or a combination of both. The top floor is an independent 1 or 2-bedroomed flat with small kitchen and bathroom suitable for holiday accommodation with separate entrance. The ground floor currently has three bedrooms, a living-dining room with a large balcony overlooking the pine-covered valley plus kitchen and bathroom. The lower floor has a living-dining room with lot of natural light and a large terrace suitable for barbecues plus a bedroom, dressing room and small bathroom. Stone steps lead down from the terrace to a basement area with bodegas suitable for storage, wine-making, tools, etc. Below this there is a garden with 6 or 7 olive trees, 2 apple tres, 1 cherry tree and 6 citrus trees plus a carport and car access to the lower road. The property could be easily divided into three separate flats/houses with living accommodation on the lower level and two holiday rental apartments above. This would be ideal for a buyer looking to invest and refurbish with a view to future rental income.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,900€
Final Payment of 90% on completion
143,100€
Property Purchase Expenses
Property price
159,000€
Transfer tax 10%
15,900€
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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