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Investment opportunity in the heart of Los Montesinos, right next to the Town Hall!Great opportunity in the centre of Los Montesinos. This triplex-style townhouse, located just steps from the Town Hall square, offers an excellent base for renovation and conversion into the perfect home. With 168 m² built on a 143 m² plot, the property is spread over three floors and features 3 spacious bedrooms, 2 bathrooms, a separate kitchen, a bright living room, and an east-facing terrace – ideal for enjoying the morning sun. It also includes a private garage and a large basement, perfect for storage or as a multipurpose room. Situated in a quiet yet central area, close to all services, shops, and restaurants. A property with great potential – ideal as a permanent residence or investment. Come and visit it!
Property Features
- 3 bedrooms
- 2 bathrooms
- 168m² Build size
- 143m² Plot size
- garaje
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,000€
Final Payment of 90% on completion
152,996€
Property Purchase Expenses
Property price
169,995€
Transfer tax 8%
13,600€
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.