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Ref: EFML4194U
Property marketed by España Dream Properties

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This recently renovated property offers many possibilities for the new owner. It has been left pristine, with new electrical and plumbing, space defined for a fitted kitchen, two bathrooms and three bedrooms in the main house, as well as a studio with en-suite shower room, a separate external entrance and access to the extensive terrace with views of Álora Castle (particularly attractive when lit up at night). The house offers over 166 m² of living space and still offers scope for expansion, as it has several vaulted workshops, which could be converted into a studio for personal use or, possibly, for holiday rentals. There are also old animal sheds and paddocks, perfect for the family donkey or chickens! The flat and fertile land of just under 5,000 m² was once home to a beautiful lemon grove. Unfortunately, the previous owner disliked lemon trees and removed them, but this allows you to replant various fruit trees and create a beautiful garden around the house and pool. The pool has been renovated and has a new filtration system, etc. The water comes from a community reservoir, and each property has rights to the abundant water supply to feed the reservoirs on the grounds, which supply the house, irrigation, and pool. The location is ideal: the local bus to Malaga and the city stops at the end of the street, and a 15-minute walk will take you to one of Álora's most popular restaurants. The owner is happy to discuss changes to the property to meet the needs of buyers ref:APN7666
Property Features
- 4 bedrooms
- 3 bathrooms
- 166m² Build size
- 4,742m² Plot size
- Swimming Pool
- 1
- 0
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
28,000€
Final Payment of 90% on completion
279,000€
Property Purchase Expenses
Property price
310,000€
Transfer tax 10%
31,000€
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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