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Ref: BG4-56031
Property marketed by Vivacosta
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This semi-detached house has a prime location for people looking for an investment. The property is a stone's throw from the sandy beach the Arenal where you can also find several cosy bars, restaurants and shops. The ground floor consists of two flats, each with a private entrance. The flats are also connected internally through a door that can be locked which makes it extra convenient for maintenance or for large families who want to combine the two flats. The first flat has a living-dining room with an open-plan kitchen, a bathroom and two double bedrooms. The second flat has a living-dining room, a bathroom and one double bedroom. On the first floor is the main house consisting of a spacious living-dining room, a fully equipped open-plan kitchen, a double bedroom, a dressing room and a bathroom. There is a storage room in the stairwell. Another floor up is another double bedroom with access to a large roof terrace. Air conditioning is provided in both the house and the flats. The property has a rental licence and will be sold over with all bookings included.
Property Features
- 5 bedrooms
- 3 bathrooms
- 223m² Build size
- 250m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
46,500€
Final Payment of 90% on completion
445,500€
Property Purchase Expenses
Property price
495,000€
Transfer tax 8%
39,600€
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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Spanish Property News & Updates by Spain Property Portal.com
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.