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In need of total reform but with enormous potential, this rural property with approx. 25.000 sq m of land is situated along the little used country road between Eljas and San Martín, only 5 minutes drive from either village. The main building is used as a hay loft, with an undercroft used for farm vehicles and storage, plus a chicken run, and the adjacent building is a garage/workshop. However, there would be no problem building on another part of the property, and there is indeed a round building which could be adapted to guest accommodation. The land is also divided into several areas on different levels, some with olive trees, some with enormous granite boulders, and a much larger, flatter area with an abundance of fruit trees - in fact the soil is also excellent for any kind of vegetables. There are two natural wells, in addition to mains water from the village and there is a mains electricity connection not far away.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,500€
Final Payment of 90% on completion
112,500€
Property Purchase Expenses
Property price
125,000€
Transfer tax 10%
12,500€
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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