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

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Ref: EFML5552S

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With a commanding situation in the area of El Chorro, this partly ruined property could be reformed to provide a spacious family house in an area that attracts 1000s of visitors every year, climbers, hikers and those visiting the World famous Caminito del Rey. The house has 5 rooms and the remains of a bathroom, plus an adjoining shed. The land is steep and uncared for, but with some planting could be greatly improved. It should be possible to obtain a permission to renovate and extend without problems. Offers are invited and help and advice is available to help get a project underway. It does not currently have water or electricity connected. ref:APN7428

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Property Features

3 bedrooms
1 bathroom
72m² Build size
17,540m² Plot size
0

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.

Mortgage Calculator

Mortgage Amount:

175,000€

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%.