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Ref: HP98085
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5 bed, 3 bath, recently renovated villa, set in a tranquil and elevated location, with guest accommodation and TOURIST LICENCE. Situated on an almost FLAT PLOT, with views over the valley, to the sea. Accommodation, in the main living area, consists of: a few steps down to a covered terrace, with valley and sea views towards the El Portet beach; double glass doors into the bright, open-plan living space; fully fitted kitchen area, with all modern appliances and central island; delightful, spacious lounge area, with feature pellet burner; spacious master bedroom, with en-suite shower room; two double bedrooms; family shower room. On the lower floor: two double bedrooms; utility/laundry room; lounge; family size shower room - this has direct external access, so could easily be converted to a guest apartment. In addition: traditional terracotta tiled floors throughout; wooden beams and exposed stonework; fitted wardrobes; hot and cold air conditioning. Externally: covered seating area, complete with furniture - perfect for relaxing in the shade or entertaining; spacious pool terrace; 8 x 4 pool; beautiful, low maintenance landscaped gardens; colourful Mediterranean plants, palm trees and several fruit trees; electric gate to parking for two cars. This property is situated in Valle del Portet, less than ten minutes\' drive from the centre of Moraira; 5 minutes to supermarkets, etc. El Portet is the closest beach. HP98085
Property Features
- 5 bedrooms
- 3 bathrooms
- 164m² Build size
- 885m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
50,900€
Final Payment of 90% on completion
485,100€
Property Purchase Expenses
Property price
539,000€
Transfer tax 8%
43,120€
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.