1 bedroom Country House for sale in Alora, Málaga, Spain

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Ref: EFML2898B

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A one bedroom, detached country cottage, with fitted kitchen with gas cooker, living room with wood burner, bedroom and full bathroom with separate shower. Part of a small hamlet of properties in a great location just 10 minutes drive from the nearest shops and bars. The house has been empty for some time, but with a little TLC could quickly become a pretty home or weekend bolt hole. It has a full Solar System installed, which needs a new battery to give you free electricity. Water is from a well.There is 1730sqm of land, which is partly fenced, with some Olive trees and space for a garden. There is also a raised concrete plinth for a small pool or hot tub. The view is great, across the valley to the mountains of El Chorro, famous for the climbing and the Caminito del Rey, which is just 30 minutes away. ref:APN7599

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Property Features

1 bedroom
1 bathroom
75m² Build size
1,730m² Plot size
0

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

1,800€

Final Payment of 90% on completion

43,200€

Property Purchase Expenses

Property price

48,000€

Transfer tax 10%

4,800€

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.

Mortgage Calculator

Mortgage Amount:

48,000€

Deposit:

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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.