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Ref: R5183911
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Exceptional Investment Opportunity – Detached Property for Reform and Refit
Discover the potential of this detached residence offering 247 m² of constructed area on a 125 m² plot, perfectly suited for refurbishment or conversion projects. This spacious property presents an excellent opportunity for builders, investors, or developers seeking a versatile asset in a tranquil and naturally beautiful location.
Property Overview
The property is distributed across three floors, with independent access to the second and third levels, allowing for the possibility of creating two separate dwellings.
Much of the primary construction work has already been completed, leaving only the interior fitting and modernisation to be undertaken, providing a unique opportunity to tailor the finishes and layout to your specific requirements.
Current Layout
Ground Floor: Fully habitable and comprising three bedrooms, one bathroom, a kitchen, and a private patio.
Upper Floors: Unfinished, offering generous space for the addition of further bedrooms, bathrooms, or living areas.
Third Floor: Benefits from spectacular panoramic views, with the potential to create a roof terrace or additional outdoor area.
Key Features
247 m² constructed area
125 m² plot
Three floors with independent access
Scope to divide into two self-contained properties
Structural works largely completed
Ideal project for refurbishment and modernisation
Quiet setting close to both the beach and the mountains
Perfect for nature enthusiasts or rental investment
This property represents an exceptional opportunity to create a bespoke residence or profitable rental investment in a highly desirable location. Its combination of size, flexibility, and potential make it a rare find in today's market.
Early viewing is highly recommended.
Discover the potential of this detached residence offering 247 m² of constructed area on a 125 m² plot, perfectly suited for refurbishment or conversion projects. This spacious property presents an excellent opportunity for builders, investors, or developers seeking a versatile asset in a tranquil and naturally beautiful location.
Property Overview
The property is distributed across three floors, with independent access to the second and third levels, allowing for the possibility of creating two separate dwellings.
Much of the primary construction work has already been completed, leaving only the interior fitting and modernisation to be undertaken, providing a unique opportunity to tailor the finishes and layout to your specific requirements.
Current Layout
Ground Floor: Fully habitable and comprising three bedrooms, one bathroom, a kitchen, and a private patio.
Upper Floors: Unfinished, offering generous space for the addition of further bedrooms, bathrooms, or living areas.
Third Floor: Benefits from spectacular panoramic views, with the potential to create a roof terrace or additional outdoor area.
Key Features
247 m² constructed area
125 m² plot
Three floors with independent access
Scope to divide into two self-contained properties
Structural works largely completed
Ideal project for refurbishment and modernisation
Quiet setting close to both the beach and the mountains
Perfect for nature enthusiasts or rental investment
This property represents an exceptional opportunity to create a bespoke residence or profitable rental investment in a highly desirable location. Its combination of size, flexibility, and potential make it a rare find in today's market.
Early viewing is highly recommended.
Property Features
- 3 bedrooms
- 1 bathroom
- 247m² Build size
- 125m² Plot size
- Condition - Fair
- Condition - Renovation Required
- Condition - Restoration Required
- Condition - New Construction
- Climate Control - Fireplace
- Views - Mountain
- Views - Country
- Views - Panoramic
- Views - Urban
- Features - Storage Room
- Features - Fiber Optic
- Furniture - Part Furnished
- Kitchen - Partially Fitted
- Parking - Street
- Utilities - Electricity
- Utilities - Drinkable Water
- Utilities - Telephone
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,500€
Final Payment of 90% on completion
157,500€
Property Purchase Expenses
Property price
175,000€
Transfer tax 10%
17,500€
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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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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.