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Ref: SLS1506
Property marketed by Sunland
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We present this magnificent 400 m² home, located in the charming town of Formentera del Segura, just a 2-minute walk from the football field and municipal swimming pools.It also has convenient access to the beaches of Guardamar, local golf courses, and all essential services: supermarkets, pharmacy, restaurants, school… all in a peaceful and pleasant environment, ideal for family living.An exclusive opportunity for those who want to live and run their business in the same place. The ground floor offers a 200 m² space perfect for virtually any type of business: shop, restaurant, office, clinic, gym, or whatever you envision. Live upstairs and manage your business downstairsProperty layout: 5 bedrooms 3 bathrooms Spacious living-dining room with fireplace Kitchen Garage with space for three cars Storage room Contact us for more information. We will be happy to assist you and show you the full potential of this amazing property.
Property Features
- 5 bedrooms
- 3 bathrooms
- 400m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,000€
Final Payment of 90% on completion
261,000€
Property Purchase Expenses
Property price
290,000€
Transfer tax 8%
23,200€
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.