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Ref: TH5754
Property marketed by Inland Andalucia
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This 3 bedroom townhouse is situated in Molvizar a traditional Andalucian village with around 3,000 residents and whitewashed houses, in the province of Granada in Andalucia, Spain. Surrounded by mountains, yet Molvizar is only a short drive from the coast. On the market for 39,000 euros, the 116m2 build property with a large roof terrace has been cleared and cleaned ready to renovate. Located on a quiet side street you enter the townhouse into a lounge / reception room off which, to the left is a room with a toilet, utility sink and separate access to the street, from this room you enter a patio area and then to what was the kitchen space. This area is in need of renovation to install a new kitchen and shower / wash room. Back off the lounge is another sitting or dining room and the stairs that take you to the first floor landing from where you have a single bedroom and 2 double bedrooms. From this level stairs lead up to the large sun terrace with views over the roof tops to the countryside beyond. This is an ideal DIY renovation project, on the market for less than 40K.
Property Features
- 3 bedrooms
- 1 bathroom
- 116m² Build size
- 58m² Plot size
- Close to Amenities
- Fireplace
- Ideal Family Home
- Lounge Diner
- Near Public Transport
- Renovation Needed
- Separate Diner
- Storage Room
- Sun Terrace
- Telephone
- Unfurnished
- Water Deposit
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
900€
Final Payment of 90% on completion
35,100€
Property Purchase Expenses
Property price
39,000€
Transfer tax 10%
3,900€
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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