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Ref: TTH695
Property marketed by Competa Properties S.L.
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Presenting an exceptional renovation opportunity in the picturesque white-washed village of Torrox. This remarkably spacious property, offering more than 200 m², is currently arranged as two independent homes that were once part of a single residence, allowing the future owner the flexibility to maintain them as separate dwellings or to reconvert them into one substantial family property.
The first home, situated entirely on one level and in better condition, comprises a generous living room, a welcoming reception area, two bedrooms, a bathroom, a spacious kitchen area and a small laundry space, which could be conveniently connected to the upper floor of the adjoining property. The second home is arranged across several levels. Upon entry, two reception rooms lead to the staircase ascending to the first floor, where four versatile rooms—some featuring balconies overlooking the street—provide ample scope for reconfiguration. Also on this level is a very spacious open-plan living area with a small kitchen section, alongside a bedroom, a bathroom, and a small patio that offers a potential access point between both properties.
From the living room, another staircase rises to the top floor, where a laundry area opens onto an attractive terrace with beautiful views towards the mountains. To the rear of the buildings, a further large storage area comprising two generous rooms adds even more potential for practical or creative use.
This property represents a rare opportunity to develop either two charming and fully independent homes or one impressive family residence, making it ideal both as an investment project and as a permanent or holiday home.
The first home, situated entirely on one level and in better condition, comprises a generous living room, a welcoming reception area, two bedrooms, a bathroom, a spacious kitchen area and a small laundry space, which could be conveniently connected to the upper floor of the adjoining property. The second home is arranged across several levels. Upon entry, two reception rooms lead to the staircase ascending to the first floor, where four versatile rooms—some featuring balconies overlooking the street—provide ample scope for reconfiguration. Also on this level is a very spacious open-plan living area with a small kitchen section, alongside a bedroom, a bathroom, and a small patio that offers a potential access point between both properties.
From the living room, another staircase rises to the top floor, where a laundry area opens onto an attractive terrace with beautiful views towards the mountains. To the rear of the buildings, a further large storage area comprising two generous rooms adds even more potential for practical or creative use.
This property represents a rare opportunity to develop either two charming and fully independent homes or one impressive family residence, making it ideal both as an investment project and as a permanent or holiday home.
Property Features
- 8 bedrooms
- 2 bathrooms
- 208m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,900€
Final Payment of 90% on completion
269,100€
Property Purchase Expenses
Property price
299,000€
Transfer tax 10%
29,900€
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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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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