Make an Enquiry About This Property
This is a really good investment property - it does need internal painting, plastering and decorating and finishing off etc but based on its location and what it could offer, this is a property where you can make something very special. You could make this into a local B&B if you were looking for a business opportunity. Its located in the top plaza of the town of Martos where there is an indoor fruit and veg market, the town hall etc plus lots of local bars and shops and not far from the castle.
So as it stands just now its a 6 bedroom property and has 2 bathrooms but you can install more bathrooms if you want to run as a B&B. It was originally 2 buildings - one at the front and one at the back, but they are now joined to create one large property. It used to have a shop on the ground floor and a bakery in the building. The current kitchen is on the ground floor. On the 1st floor there is a bedroom with its own juliet balcony overlooking the plaza. Then up more steps to the 2nd floor with a bathroom and 2 bedrooms plus a roof terrace. So this could be made into a 4 bedroom property with 4 bathrooms. Its always rented out in the winter to olive pickers but once you have renovated the property this could be rented to locals long term or run as a B&B. This could be a great investment!!
The town of Martos is located on a western peak of the Sierra Jabalcuz mountain range. It belongs to the metropolitan Area of Jaén, which is considered to be the second most important city after the capital. Martos is considered to be the greatest producer of olive oil in Spain. The town is situated beneath the Cerro de la Peña, topped with the ruins of the castle of the same name. This compact town spreads out over the slopes of the hill, under the Castle of La Villa and the Church of Santa María. Its privileged location offers beautiful views over a vast sea of olive trees. There is a large outdoor market held weekly near the park and several fiesta's are held here throughout the year. This is the perfect town for those wishing to experience the true Spanish lifestyle.
(At Undiscovered Spain we pride ourselves on responding to every property enquiry, so please check your Spam Folder if you are waiting for a reply)
Property Features
- 6 bedrooms
- 2 bathrooms
- 260m² Build size
- 160m² Plot size
- Near Transport
- Renovation Needed
- Near amenities
- Very Good Access
- Needs modernizing
- Walk to shops
- Walk to bars
- Walk to restaurants
Costing Breakdown
* 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 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.
Similar Properties
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.