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Ref: CJ625
Property marketed by Inland Andalucia
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This rural countryside home situated in Los Rosales comes with a separate generous plot included in the price, close to the popular town of Frailes and just a short drive to the large historical city of Alcala la Real in the south of Jaen province in Andalucia, Spain. The Cortijo has electricity and town water connections and is priced to sell, needing updating throughout. The 3 bedroom property boasts spectacular countryside views and offers the opportunity to create a wonderful rural home in the warm sunshine of southern Spain. Located in an elevated position you have plenty of off road parking to the front of the Cortijo. You enter the property into a hallway with a kitchen area to the right, a separate dining room on the left which leads to a lounge. Stairs take you up to the first floor where you have 3 good sized rooms all needing some reform, as does the roof. There are also 2 storage rooms needing renovation but could be converted into useable spaces. The Property also comes with a private garage which has an upper floor. On the market for 28 thousand euros this rural Cortijo would be ideal for a professional renovator, experienced builder or for the new owners to employ qualified local tradesmen as having water and electricity on site will make the conversion that much easier and cost effective.
Property Features
- 3 bedrooms
- 0 bathrooms
- 74m² Build size
- 496m² Plot size
- Garden
- Investment Property
- Lounge Diner
- Near Public Transport
- On Street Parking
- Patio
- Private Garage
- Renovation Needed
- Separate Diner
- Spectacular views
- Storage Room
- Unfurnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
25,000€
Property Purchase Expenses
Property price
28,000€
Transfer tax 10%
2,800€
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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