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Ref: OCG-45211222
Property marketed by Olive Grove Estates
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Located in the heart of the village of Cañada, Alicante (near Villena), this substantial 397 m² property offers space, character and enormous potential. Set on a generous 736 m² plot, the home is ideal for those looking to renovate and create a bespoke residence full of charm and personality.
The property currently comprises five bedrooms and one bathroom, with spacious living areas that benefit from natural light thanks to its south, east and west orientation. A traditional fireplace adds warmth and character, while the terrace and balcony provide pleasant outdoor spaces to relax and enjoy the surroundings.
The large garden offers excellent potential for landscaping, entertaining areas, or even the addition of a pool (subject to permissions). With a storage room and parking space included in the price, the practical elements are already in place.
Importantly, both the access and the property itself are adapted for people with reduced mobility, making it a versatile option for a wide range of buyers.
Although in need of renovation, this village house presents a rare opportunity to transform a generously sized property with outdoor space into a stunning family home, guesthouse, or investment project.
The property currently comprises five bedrooms and one bathroom, with spacious living areas that benefit from natural light thanks to its south, east and west orientation. A traditional fireplace adds warmth and character, while the terrace and balcony provide pleasant outdoor spaces to relax and enjoy the surroundings.
The large garden offers excellent potential for landscaping, entertaining areas, or even the addition of a pool (subject to permissions). With a storage room and parking space included in the price, the practical elements are already in place.
Importantly, both the access and the property itself are adapted for people with reduced mobility, making it a versatile option for a wide range of buyers.
Although in need of renovation, this village house presents a rare opportunity to transform a generously sized property with outdoor space into a stunning family home, guesthouse, or investment project.
Property Features
- 5 bedrooms
- 1 bathroom
- 397m² Build size
- 736m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,000€
Final Payment of 90% on completion
134,996€
Property Purchase Expenses
Property price
149,995€
Transfer tax 8%
12,000€
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.




