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Ref: TH6302
Property marketed by Inland Andalucia
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This 5 bedroom, 2 bathroom townhouse is situated in centre of Molvizar, a traditional Spanish village with around 3,000 residents and whitewashed houses, in the province of Granada in Andalucia, Spain. Surrounded by mountains, yet Molvizar is only a short drive from the coast. Located on a quiet street you enter the property into a large open ground floor space, currently used for storage. Towards the rear is a fitted kitchen and a toilet under the staircase that takes you to the first floor landing from where you have, to the left a bedroom with an ensuite wash room, on the right is another bedroom with an ensuite shower room. The staircase continues to the second level landing with a bedroom on the left and to the right, a corridor leads first to a bedroom and then to a tiled bathroom. Again the staircase continues to the third floor landing with another bedroom on the left, a central utility space and then you have access out onto a good size covered terrace. The property is in need of renovation and will also required the town water and electricity to be re-connected.
Property Features
- 4 bedrooms
- 2 bathrooms
- 84m² Build size
- 28m² Plot size
- Close to Amenities
- Fitted Kitchen
- Good Rental Potential
- Internet
- Investment Property
- On Street Parking
- Part Furnished
- Private Terrace
- Renovation Needed
- Separate Diner
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,700€
Final Payment of 90% on completion
69,300€
Property Purchase Expenses
Property price
77,000€
Transfer tax 10%
7,700€
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.



