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Property marketed by Stratus International Properties

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Restoration Project with Potential in Salinas, AlicanteThis property offers an excellent opportunity for anyone looking for a renovation project with great potential. Set on a 2,300 m² plot, the main house features 7 bedrooms and 1 bathroom. There is also a swimming pool, which, like the house itself, requires complete restoration.On the grounds, construction has begun on 11 guest studios in the form of a long open concrete structure. This provides an exciting opportunity for future owners to finish the project and create additional accommodation, whether for family, rental income, or a small retreat business.Water and electricity are nearby and can potentially be connected, making the project more straightforward to complete. With beautiful open views and plenty of space, this property allows you to design and finish it entirely to your own vision.About the AreaThe property is located just 5 minutes from the charming village of Salinas, Alicante. Salinas is known for its welcoming atmosphere, traditional Spanish charm, and stunning natural surroundings, including the nearby salt flats and mountain ranges. The town offers essential services such as shops, bars, restaurants, and a health center, while larger towns like Sax and Elda are only a short drive away. Alicante city and the airport can be reached in around 35–40 minutes, making this a peaceful yet well-connected location.We specialize in Costa Blanca and Costa Calida, specializing in the regions of the interior of Alicante and Murcia, with a particular emphasis on populations such as Elda, Pinoso, Aspe, Elche, and surrounding areas.We are a well-established company, well known, and of great confidence that has built a solid reputation between buyers and sellers since we started marketing in 2004.We offer a complete service with no hidden charges, no surprises, starting with the purchase of the property, until the end, and An unparalleled after-sales service, including property management, construction and help services, and general advice to make your new home a home.With a portfolio of more than 1400 properties, we fully trust thatt we can help you. Let us get your property, budget and location Ideal, and we'll do the rest.
Property Features
- 7 bedrooms
- 1 bathroom
- 171m² Build size
- 2,300m² Plot size
- Balcony
- Entrance Hall
- Open Terrace/Patio
- Utility room
- Larder
- Soak away
- Great views
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,995€
Final Payment of 90% on completion
107,955€
Property Purchase Expenses
Property price
119,950€
Transfer tax 8%
9,596€
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.