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Ref: 42061-SS
Property marketed by Stratus International Properties
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Renovation Opportunity with Garden and Pool Potential in MonóvarThis property in Monóvar offers a fantastic opportunity for anyone looking for a renovation project with real flexibility and long-term value. With generous interior space, it is ideal for creating a large family home or developing multiple living units.The current building includes 12 rooms and 2 bathrooms, providing a solid starting point for a complete redesign. One of the most attractive possibilities is to convert the layout into two apartments per floor, with an estimated size of around 75–80 m² per level, making it a great option for rental income or multi-family living.Outside, the property also benefits from a private patio and a garden area, offering space to relax, entertain, or create a pleasant communal outdoor setting. There is also the potential to renovate or add a swimming pool, and the courtyard could allow for parking spaces or garage development, depending on the project plans.This is a home with plenty of room to bring your own ideas to life, whether for personal use or as an investment.About the Area Monóvar is a charming town in inland Alicante, well known for its traditional Spanish atmosphere, local markets, restaurants, and excellent access to nearby towns such as Elda and Novelda. Surrounded by vineyards and countryside, it offers a peaceful lifestyle while still being within easy reach of Alicante airport and the coast.We have a large portfolio of properties in the Costa Blanca and Costa Calida areas, specialising in country properties, villas, fincas, building plots and design and build options in the Alicante and Murcia regions with a particular emphasis on Elda, Monovar, Pinoso, Sax, Villena, Aspe, Fortuna, Albacete and many more surrounding areas. We have been established since 2004 and have decades of experience between the team which we bring to bear to help you find and secure your new dream home. We help you every step of the way to make sure your purchase in Spain is safe and hassle free. We are not here to sell you a property, we are here to help you realise your dream and find what is right for you. With us you are in the safest hands. Contact us now to have a no obligation chat about how you too can realise your dreams.
Property Features
- 12 bedrooms
- 2 bathrooms
- 399m² Build size
- 332m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,000€
Final Payment of 90% on completion
99,000€
Property Purchase Expenses
Property price
110,000€
Transfer tax 8%
8,800€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.























