4 bedroom Land for sale in Los Balcones, Alicante, Spain

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Ref: TPS0048

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1000m2 of Land in Los Balcones with Permission to Build a Detached Villa. This is a plot of Land of 1000m2 in Los Balcones with building permission. Facing south. The land it 25m2 by 40m2 in size and comes with permission to build a structure of 40%. Which equips to a villa of 423m2. This can be split into two floors. There is access to mains water, electric, street lighting and entrances to the main road. This land is only 150 meters from Mercadona supermarket and 500 m from the Torrevieja Hospital. There are plans for a detached villa which have been verified. This is for a ground living area of 240m2 with an under build of 183m2. Consisting of 4 bedrooms, 4 bathrooms and a guest toilet room. An independent kitchen, a large open planed living room with pantry. Including two very generous terraces with views towards the sea. The land is for sale at €220,000. Or if including the building of the villa from the plans would be €540,000.

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Property Features

4 bedrooms
5 bathrooms
423m² Build size
1,000m² Plot size
Swimming Pool
Private Pool

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

16,900€

Final Payment of 90% on completion

179,100€

Property Purchase Expenses

Property price

199,000€

Transfer tax 8%

15,920€

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.

Mortgage Calculator

Mortgage Amount:

199,000€

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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.