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An excellent investment opportunity awaits in the sought-after town of Luque, within the Cordoba province of Andalusia. This substantial townhouse offers a generous 227 m² build size, poised to be transformed into your dream Spanish home or a lucrative rental asset. Key Features and Investment Potential: Unbeatable Price: Marketed for an exceptional price of just €52,000. Space and Land: Featuring 3 existing bedrooms, with extensive built space and a valuable garden, patio, and terrace. Conversion Potential: Includes two large attic/loft storage areas, perfect for conversion into additional bedrooms, entertainment rooms, or a viewing studio. Bonus Spaces: Benefits from a large lower ground floor storage level with direct access to the garden area. Layout and Outdoor Amenities You enter this substantial property into a wide hallway with a ground floor double bedroom to the left, leading ahead into the lounge. The lounge provides access to: A staircase descending to the large lower storage level, which boasts direct access to the garden. The good-sized kitchen space with a tiled storage room. Both the kitchen and lounge provide access to a covered patio space, off which is a fully-tiled bathroom, a laundry/utility room, and a storage room. The patio opens onto a private sun terrace with stairs leading down to the expansive garden area. The main staircase from the lounge takes you to the first floor with 2 spacious further bedrooms. Also on this level are steps leading up to the two large attic storage spaces, offering significant expansion potential. The property is in need of renovation and the re-connection of water and electricity services, which is reflected in its outstanding price. This is a golden opportunity to personalise and add significant value to a spacious property with valuable outdoor spaces in a desirable location.
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Property Features
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- 3 bedrooms
- 1 bathroom
- 227m² Build size
- 140m² Plot size
- Swimming Pool
- Hot Water Gas
- Fence
- Balcony
- Terrace
- Fireplace Wood
- Garden shed
- Laundry room
- Garden
- Storage room
- Attic
- Patio
- Fruit Trees
- Pantry
Costing Breakdown
* 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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* 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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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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