Land for sale in Finestrat, Alicante, Spain

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Ref: AG19MLSC4109453

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Rustic Plot with Ruin to Rebuild 2km from Finestrat. Unique opportunity to acquire a 2,642 m² rustic plot located just 2 km from the charming village of Finestrat, set behind Sierra Cortina in a peaceful natural environment with stunning mountain views and sun all day long.The property includes a registered ruin of over 50 years old, originally approx. 90 m², offering the possibility to rehabilitate and restore the existing structure as an agricultural house, storage building, or similar, thanks to its documentation.Although the land is not urbanized, electricity connection is close to the plot, making installation straightforward. Water is not currently available, so a well or cistern would need to be built.A perfect setting for those seeking tranquility, nature, and an authentic rural lifestyle—while still being close to town.

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Property Features

0 bedrooms
0 bathrooms

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

1,850€

Final Payment of 90% on completion

43,650€

Property Purchase Expenses

Property price

48,500€

Transfer tax 8%

3,880€

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:

48,500€

Deposit:

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* 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%.