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Ref: MLSC647244
Property marketed by The Property Group
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Located in El Velerin, Estepona surrounded by idyllic countryside and yet within just a short drive to local beaches, amenities and the charming town of EsteponaReformed two bedroom and one bathroom finca with modern fully fitted kitchen and set within a large plot with a private swimming pool, several terraces with open views and many fruit treesThis wonderful property is ideal for permanent living, holiday use or as investment for holiday rentals
Property Features
- 2 bedrooms
- 1 bathroom
- 152m² Build size
- 1,000m² Plot size
- Climate Control - Cold A/C
- Climate Control - Fireplace
- Climate Control - Hot A/C
- Condition - Good
- Features - Double Glazing
- Features - Fiber Optic
- Features - Fitted Wardrobes
- Features - Private Terrace
- Features - WiFi
- Furniture - Fully Furnished
- Garden - Private
- Kitchen - Fully Fitted
- Orientation - South West
- Parking - More Than One
- Parking - Private
- Pool - Private
- Security - Entry Phone
- Setting - Close To Forest
- Setting - Country
- Views - Country
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
35,000€
Final Payment of 90% on completion
342,000€
Property Purchase Expenses
Property price
380,000€
Transfer tax 10%
38,000€
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.