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Ref: EMA7244L
Property marketed by España Dream Properties
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Set in the established residential area of El Chaparral, this detached villa offers a rare chance to create a standout home on a generous 800 m² plot.The property has a built area of 140 m² and currently comprises 3 bedrooms and 1 bathroom. The villa requires full refurbishment, but its size and layout allow clear potential to reconfigure the interior, adding additional bedrooms and/or bathrooms if desired (subject to project and permissions).This is a true value-add opportunity. With the right investment, the property could be transformed into a modern family residence, a high-end holiday villa, or a strong resale or rental investment.The large plot provides ample space for:A private swimming poolLandscaped gardensOutdoor dining and lounge areasParking or garageEl Chaparral is known for its quiet, residential character, popular with both permanent residents and international buyers, while remaining close to Torrevieja town, services, supermarkets, and main road connections.A solid structure, exceptional plot size, and flexible layout make this property a blank canvas for buyers looking to buy well and create significant added value.An excellent renovation project in one of Torrevieja’s most spacious residential areas.
Property Features
- 3 bedrooms
- 1 bathroom
- 140m² Build size
- 800m² Plot size
- Garage
- unfurnished
- Fireplace
- Terrace
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
30,000€
Final Payment of 90% on completion
297,000€
Property Purchase Expenses
Property price
330,000€
Transfer tax 8%
26,400€
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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