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Ref: EFML4855R
Property marketed by España Dream Properties

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Set in an elevated position on Sierra El Hacho with sweeping views over the picturesque valley and toward the dramatic Sierra Huma, this beautifully constructed countryside property offers both tranquility and opportunity.Located just a short seven-minute drive from the historic town of Álora, the home occupies a generous 17,000-square-metre plot and provides an outstanding combination of privacy, modern comfort, and development potential. Built to an excellent standard by the well-respected local builder, the property also benefits from a Licence of First Occupation (LPO), ensuringfull legal status and peace of mind for future owners.The main residence, with a built area of 150 square metres, is currently divided into two spacious, self-contained accommodations, each with its own private entrance and secluded patio. This clever layout offers maximumflexibilityperfect for multi-generational living, visiting guests, or as a sourceof rental income.The owner's accommodation is generously proportioned and thoughtfully designed. It features a spacious master bedroom with an en suite bathroom and a walk-through dressing room, offering a private retreat. The large,open-plan lounge and dining area opens onto both front and rear terraces, making it ideal for indoor-outdoor living throughout the year. The open-plan kitchen is expansive and practical, complemented by a separate utility roomfor added convenience. A second bathroom completes this functional livingspace.The adjoining apartment is equally well-appointed and ideal for guests or potential long-term rentals. It includes a comfortable bedroom with an en suite bathroom and direct access to a large private terrace that enjoys uninterrupted views. The living area is open plan, combining lounge and dining spaces with an American-style kitchen. A second bathroom adds further convenience and enhances its suitability as a standalone unit.Access to the property is secure and welcoming, with electric entrance gates and a private concrete driveway leading up to the home. A standout feature is the substantial 40-square-metre garage/workshop, which offers excellentpotential for conversionwhether into additional accommodation, a studio, or a business space. There is also a separate large storage space, ideal for housing equipment or further development.As the land gently elevates away from the leveled house and garden area you reach a large flat expanse of grounds with trees and private areas, which would be a fantastic area for locating temporary rental units, for exampleshepherd huts, pods or yurts.From expanding the current residence to accommodate a larger family, to creating glamping-style rentals such as yurts or eco-pods, the possibilities are vast. With its idyllic location, superior construction, and exceptional versatility, this property represents a rare opportunity to create a lifestyle or investment project tailored exactly to your needs.Whether you're dreaming of a peaceful family home with room to grow, or seeking a property with ready-made rental potential and space to expand, this home offers the perfect foundation in one of Andalusia's most scenic areas.The property has mains water and mains electricity. Internet is available. ref:APN7691
Property Features
- 2 bedrooms
- 4 bathrooms
- 150m² Build size
- 17,000m² Plot size
- 0
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
36,500€
Final Payment of 90% on completion
355,500€
Property Purchase Expenses
Property price
395,000€
Transfer tax 10%
39,500€
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.