Land for sale

Land for sale

Torremendo, Alicante
150,000
 
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
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Ref: TPS0076
Property marketed by Spanish Dream Property Spanish Dream Property
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50000m2 of Rustic Land in Lo Capitan near to Torremendo. Here we have a plot of land for sale located in Lo Capitan near to Torremendo and close proximity to the border of Murcia. Plot size 50,000 square meters. If you wish to have access to mains electric there is an access point about 300 metres away from the land. The land is registered as Rustic land, allowing the possibility to build a property due to the fact rustic land can be built on every 26,000m2. This permission will need to be checked at the local town hall for any updates. Electric will need to be installed for a building mains or solar panels. 12 panels and a backup generator will cost about €14,000. A septic tank will need to be installed as well as a tank for water. Torremendo is a small quiet authentic village with 580 inhabitants. It is surrounded by a typical rugged and varied landscape. The road from Torremendo to Orihuela is one of the most scenic you will find and the area proves to be a unique spot for nature lovers, cyclists and equestrian sport lovers. The well-known reservoir Embalse de la Pedrera is a mile away from the village in the direction of Orihuela. It is surrounded by a beautiful nature reserve with many different species of birds and where you can observe a spectacular sunset. The village comprises a health centre, pharmacy, garage, petrol station, some small stores and several bars and restaurants. Once a week there is a small market. There is also a public pool that is open in the summer months. In the nearby larger village of San Miquel de Salinas only a 10 minute drive away, there is a large supermarket and a big open market once a week. There are several beaches at a distance of around 18 km and in the vicinity of the village you will find several ‘Old Spanish Fincas’ with orchards of almond-, citrus- and olive trees. If you are looking for a Golf Course, there are several only a very short distance away. Easy access to the major motorways lead you to towns and cities like Orihuela, Bigastro, Alicante, Murcia and Torrevieja. The quality of the roads in the area is good. The airports of Alicante or Murcia are within easy reach.   Location 37.975640,-0.93923

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 50,000m² Plot size
  • Swimming Pool
  • Optional pool

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,000€
Final Payment of 90% on completion
135,000€
 
Property Purchase Expenses
Property price
150,000€
Transfer tax 8%
12,000€
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:
150,000€
Deposit:
Interest Rate:
%
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Mortgage Result

* 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.

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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