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Charming Villa with Great Potential in Paraiso MedioSet in the sought-after and tranquil area of Paraiso Medio, this cozy villa offers an excellent opportunity for renovation on a generous, flat plot of 1,630 m² South to west facing, the property enjoys abundant natural light throughout the day and a peaceful, private settingThe villa comprises a welcoming living and dining area, a fitted kitchen, a master bedroom en suite, and two guest bedrooms sharing a bathroom From the main living areas there is direct access to a covered terrace and the mature garden, creating a lovely indoor–outdoor flowAdditional features include storage space and a carport While there is currently no swimming pool, the large, flat plot makes it easy to install one, allowing the property to be transformed into a fantastic family home or investmentLocated in a quiet and private residential area, yet within walking distance of all amenities, this villa offers lots of potential in a prime location close to shops, restaurants, golf and the beachA great renovation project in one of the New Golden Mile's most established neighbour hoods
Property Features
- 3 bedrooms
- 2 bathrooms
- 146m² Build size
- 1,630m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
134,500€
Final Payment of 90% on completion
1,237,500€
Property Purchase Expenses
Property price
1,375,000€
Transfer tax 10%
137,500€
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.
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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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.





















