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Ref: AG19MLSC2912143
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This two-story duplex offers a rare opportunity to create your dream coastal home in one of Santiago de la Ribera’s most sought-after locations. Just 450 metres from the beach and a short walk to the popular Dos Mares shopping centre, you’ll have the sea, shops, cafés, and restaurants right at your doorstep.Currently in need of renovation, this property is a perfect fixer-upper for those looking to add value and personal style. With 70.99 m² built on a 100 m² plot, it features:Ground floor : living room, sitting area, and kitchen.Upper floor : two bedrooms, one bathroom, and a terrace.Outdoor space: 28 m² open patio + 35 m² garden – ideal for relaxing or entertaining.Whether you envision a stylish modern beach house or a charming Mediterranean retreat, this home has the space, location, and potential to become something truly special. Prime location: 450m to the beach, close to Dos Mares, with easy access to services, transport, and leisure options. Investment potential: renovate to your taste and enjoy an enviable coastal lifestyle or strong rental returns.
Property Features
- 3 bedrooms
- 2 bathrooms
- Garden
- Veranda
- Barbeque
- Heating, Central
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,000€
Final Payment of 90% on completion
135,000€
Property Purchase Expenses
Property price
150,000€
Transfer tax 8%
12,000€
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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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.