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Ref: EFML1238N
Property marketed by España Dream Properties

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For sale a town house in the centre of Alora, with an area of 228 m². The main property is distributed over two floors and has three bedrooms, a living room, and a recently renovated kitchen. It also has a solarium terrace with views of the Castle of Álora. The house, in traditional style, does not have a full bathroom at present, having only a toilet; it would be necessary to install a bathroom.The property includes a mezzanine floor that could be used as a wine cellar, as well as an additional living space on the ground floor, with a bedroom and a small kitchen, with a separate entrance. It requires renovations and updates, which represents an interesting investment opportunity. Its central location facilitates access to all the services and facilities of the municipality. ref:APN7696
Property Features
- 4 bedrooms
- 0 bathrooms
- 0
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,700€
Final Payment of 90% on completion
123,300€
Property Purchase Expenses
Property price
137,000€
Transfer tax 10%
13,700€
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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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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