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Ref: TH5878
Property marketed by Inland Andalucia
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On the market for 22,000 euros is this ideal ' lock up and go ' 3 bedroom Townhouse to renovate, situated in the popular town of Castillo de Locubin in the south of the Jaen province in Andalucia, Spain. Located in an elevated position you enter the property into a tiled hallway that leads first to a dining room then a lounge area followed by the fitted kitchen. From the kitchen you have an utility space off which is a ground floor shower room and a separate toilet. From the lounge stairs take you to the first floor where you have a twin bedroom and another bedroom with an ensuite toilet and wash room. Stairs from the twin bedroom lead to the second floor level and to the 3rd bedroom off which is a storage room with direct access out onto a private sun terrace with far-reaching countryside views.
Property Features
- 3 bedrooms
- 2 bathrooms
- 56m² Build size
- 37m² Plot size
- Close to Amenities
- Fireplace
- Fitted Kitchen
- Off Road Parking
- Part Furnished
- Patio
- Renovation Needed
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
19,000€
Property Purchase Expenses
Property price
22,000€
Transfer tax 10%
2,200€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.