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Ref: SV4347
Property marketed by Signature Villas SL
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Townhouse in need of reformation for sale in the centre of the village of Tormos. The house on the lower level at present has 3 rooms . A door leads to a small courtyard where steps lead down to an old animal stable which could be converted into a workshop or storage area. The upper floor could be reformed into 2 bedrooms. This property is ideal for anyone looking for their own project.
Property Features
- 3 bedrooms
- 0 bathrooms
- Near Beach
- Close To Golf
- newly built
- close to all amenities
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
2,000€
Final Payment of 90% on completion
45,000€
Property Purchase Expenses
Property price
50,000€
Transfer tax 8%
4,000€
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.
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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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