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Ref: CJ653
Property marketed by Inland Andalucia

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This is one of those rare investment opportunities that could be used for off grid living although electricity is connected to the property plus it has a spring water supply. Access to the semi-detached Cortijo is via a well maintained tarmac lane which is connected to a rougher track for a short distance to reach the road to Fuensanta de Martos, in the Jaen province of Andalucia, Spain. Enter through the large double wooden south facing front door into a corridor with a room on the left and the kitchen on the right. Further on there is another room on the left and another on the right, also straight ahead there is an under stair cupboard. From the kitchen you can go into the garage which has a stable at the back. Further on there is another door to the outside which was once an animal pen. Back in the house the wide easy going staircase takes you up to the first floor where there are three more rooms, one of which is very large. There is no bathroom at the moment but the 250m2 build Cortijo has space for 5 bedrooms and a number of bathrooms. Behind the house there are 25 mature olive trees and about 1Km away another 35 trees. Below the house at a distance of about 100m there is a level piece of land (5,000m2 approx.) for growing veggies and the property has its own water supplied from an irrigation canal on which a very low yearly maintenance fee is charged.
Property Features
- 5 bedrooms
- 0 bathrooms
- 250m² Build size
- 19,000m² Plot size
- Charming Property
- Fireplace
- Investment Property
- Off Road Parking
- Private Garage
- Renovation Needed
- Spectacular views
- Stable
- Storage Room
- Well Water
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,500€
Final Payment of 90% on completion
58,500€
Property Purchase Expenses
Property price
65,000€
Transfer tax 10%
6,500€
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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