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Ref: MGX-MGH1850
Property marketed by Quattro Property Management Spain SL
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This charming rustic house in Sucina has extensive plot of land and it offers plenty of outdoor space. The house is currently a modern studio house with entrance into an open plan living room/kitchen/bedroom, built to a good standard. There is a doorway to a modern bathroom with walk in shower, vanity unit and wc. There is a garden with some trees for shade and an overground swimming pool. The house is surrounded by olive and almond groves; it is a space where you can truely enjoy peace and quiet in the spanish countryside. The house is run on solar power and there is water deposit, making this house ultra sustainable and cheap to run. There can be space to extend and put some extra bedrooms. Situated just a short walk to the village of Sucina, yet in the middle of the Spanish countryside, this house can offer the best of both worlds. Situated just 15 minutes drive to the coast and 15 minutes drive to the airport.
Property Features
- 1 bedroom
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,700€
Final Payment of 90% on completion
69,300€
Property Purchase Expenses
Property price
77,000€
Transfer tax 8%
6,160€
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.