3 bedroom Cave House for sale in Los Montesinos, Alicante, Spain

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Ref: FRE314

Property marketed by ethoscasas.com

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This restoration project is for sale in Los Montesinos and offers an amazing opportunity for someone looking to create a peaceful retreat with stunning lake views in the quiet area of Lo Blanc.The original house dates back to 1950, so a little updating was definitely needed. The current owners have stripped the property back to a shell, added new double glazed windows and laid the ground work for this to become either a 2 or 3 bedroom, 2 bathroom townhouse.At the rear of the property is a courtyard and separate outbuilding that could be demolished to create extra outside space or renovated to provide further living area. The roof terraces have great views to the lakes.The surrounding area is full of lemon trees and the scent of the blossom is superb.Just a 5 minute walk brings you to the main town which offers everything you could need for daily living. Within a 10 minute drive you have a choice of golf courses, beaches and shopping centres.Overall, this has the potential to become a superb home in a peaceful location, but it is not one for the faint-hearted!Call us to arrange a viewing.

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Property Features

3 bedrooms
2 bathrooms

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

2,500€

Final Payment of 90% on completion

49,500€

Property Purchase Expenses

Property price

55,000€

Transfer tax 8%

4,400€

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:

55,000€

Deposit:

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* 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.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.