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Ready to move into! This charming 3-bedroom renovated cortijo, now reduced to €87,000, is situated in the idyllic village of El Algar, near Carcabuey, right in the heart of the Sierras Subbéticas Natural Park. This exceptional location provides easy access to the historical treasures of Córdoba and Granada. The property, with its 149m² plot, is set back from the main road and boasts private off-road parking along with a lovely patio enjoying rural views. The entrance leads to a generously sized, private walled patio, perfect for alfresco dining under cover, with room for a pool and additional secure parking. Inside, you'll find a large, sun-filled lounge-diner with a feature fireplace, a dedicated office space, and a separate kitchen. Upstairs, there’s a twin bedroom, a double bedroom, and a shower room. Being partially furnished, this high-quality renovation offers comfort and convenience in a truly spectacular setting.
Property Features
- 3 bedrooms
- 1 bathroom
- 106m² Build size
- 149m² Plot size
- Terrace
- Fireplace Wood
- Equipped kitchen
- Storage room
- Patio
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,700€
Final Payment of 90% on completion
78,300€
Property Purchase Expenses
Property price
87,000€
Transfer tax 10%
8,700€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.