2 bedroom Cave House for sale

2 bedroom Cave House for sale

Santa Eulalia del Rio, Ibiza
685,000
 
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Ref: 428-05151P
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This is a historic and listed estate, built in 1940, located in Santa Eulalia del Río, in the Balearic Islands. This property, classified as a house, stands out for its privileged location close to all services, shops, restaurants, the port, and the city center, making it an ideal option both as a permanent residence and as an investment.

The home offers a built area of 138 m² on a generous plot of 534 m². On it's living surface of 84 m2, it features two bedrooms and one bathroom, as well as a spacious living room with a fireplace that adds warmth and character. The kitchen connects to an outdoor barbecue area, ideal for gatherings and outdoor celebrations. The private garden surrounds the house and offers views of both the city and the sea, in addition to a private pool area to enjoy the Mediterranean climate. The garage provides covered parking for two cars within the property.

Additional features include the large garden with a storage room that could be converted into a guest house, proximity to public transport and main access roads, as well as the tranquility of a residential setting with unobstructed garden views. It is important to note that the estate requires renovation; as a listed property, only minor renovations are permitted, offering great potential to personalize and add value to the property while respecting its historic essence.

This house represents a unique opportunity for those seeking a home with history, charm, and potential for improvement in one of the most sought-after areas of Santa Eulalia del Río, combining the tranquility of a traditional estate with the convenience of being close to all urban amenities.

Property Features

  • 2 bedrooms
  • 1 bathroom
  • 138m² Build size
  • 535m² Plot size
  • Swimming Pool
  • South orientation
  • Carport garage
  • 2 parking spaces
  • Private garden
  • Private pool
  • Amenities near
  • Transport near
  • Fireplace
  • Barbecue
  • Garden view
  • Renovation Needed
  • Close to shops
  • Close to town
  • Close to port
  • Individual A/C units
  • Partial sea views
  • Close to restaurants
  • City views

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
65,500€
Final Payment of 90% on completion
616,500€
 
Property Purchase Expenses
Property price
685,000€
Transfer tax 10%
68,500€
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:
685,000€
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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.

Spanish Property News & Updates by Spain Property Portal.com

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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