Townhouse for sale in Formentera del Segura, Alicante, Spain

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Ref: EMA2479F

Property marketed by España Dream Properties

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Opportunity in Formentera del Segura. Ground floor house with a patio for sale in the town center. The property has a total area of 218.75 m², with 160 m² of built area and the remainder being an open patio. The house requires complete renovation or demolition, so its main value lies in the plot: spacious, well-located, and with direct street access. It is ideal for developers, builders, or individuals interested in constructing a new home in a quiet, established area with all amenities nearby. Excellent connections to Guardamar del Segura, Rojales, and other nearby towns. Opportunity price: selling for the value of the land. Current condition: requires renovation or new construction.

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Property Features

0 bedrooms
0 bathrooms
160m² Build size
218m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

8,500€

Final Payment of 90% on completion

103,500€

Property Purchase Expenses

Property price

115,000€

Transfer tax 8%

9,200€

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:

115,000€

Deposit:

€

Interest Rate:

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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%.