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Ref: ASV5225R
Property marketed by España Dream Properties

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First of all, let´s get down to the basics, whilst this is a really fantastic opportunity if you haven´t got at least another 70,000€ or you can get away with considerably less if you have building experience.This house has got so much character and it has a brand new roof that cost close to 40,000€, a very rare thing in properties for reform so all the work can be done whilst keeping dry and no way of damp affecting the work. Nearly all the reform work is interior but there is a spacious piece of land that will easily fit a swimming pool that would have total privacy and still room for a patio area for outdoor dining. It´s an exciting project without a doubt.The building is enormous and there is another part to it that needs significant work to make anything of it but it is there and has not had an effect on the selling price so it´s a gift.Ideally, this would be a 6 or 7 Bed Property although it has scope for more and it is located in the countryside although it qualifies as a townhouse, the views are spectacular. With over 300m2 of build and the small within the U shape of the property, the potential is incredible.The access to the property is perfect and it is only a few minutes walk into the village of Chinorlet where there are two bar/restaurants one of which is renowned. There is a Medical Centre and a Mini-Market but the towns of Monovar and Pinoso are only a ten-minute drive away where there are several options for supermarkets etc.
Property Features
- 7 bedrooms
- 1 bathroom
- 309m² Build size
- 350m² Plot size
- outbuilding
- Garage
- Sewage
- Fireplace
- Washing area
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,000€
Final Payment of 90% on completion
62,996€
Property Purchase Expenses
Property price
69,995€
Transfer tax 8%
5,600€
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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