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Ref: EFML9219W
Property marketed by España Dream Properties

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Magnificent investment opportunity in the Bermejo neighbourhood of ÁloraLocated just ten minutes from the charming town of Álora and another ten minutes from El Chorro, this property is an excellent option for those seeking their ideal home or for investors looking for a vacation rental. The home has three bedrooms, a full bathroom, and two additional rooms currently serving as pantries, offering ample space and versatility.The property features a spacious patio, a bright living-dining room, and a separate kitchen, perfect for enjoying family or social gatherings. The upper part of the house is designed to build another home or to be used as terraces and a solarium, from where you can enjoy stunning views of the surrounding nature.In addition, the property has its own parking area and a prime location in a quiet and sunny area, ideal for renovation and conversion into a large family home or high-performance tourist accommodation.A unique opportunity to create your own home in a privileged setting, with unlimited possibilities to personalise and maximise its potential. Don't miss this opportunity! ref:APN7715
Property Features
- 3 bedrooms
- 1 bathroom
- 209m² Build size
- 222m² Plot size
- 0
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,800€
Final Payment of 90% on completion
115,200€
Property Purchase Expenses
Property price
128,000€
Transfer tax 10%
12,800€
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.
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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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.