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Ref: R5320564
Property marketed by Rainbow Realty Watermead Investments
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Apartment for Sale – Renovation Opportunity
An excellent opportunity to acquire a three-bedroom, one-bathroom apartment situated on the fourth floor, offering significant potential for renovation and value enhancement.
The property requires full refurbishment, making it ideal for buyers seeking to personalise a home to their own specifications or investors looking for a promising project.
Conveniently located less than a 20-minute walk from the beach (approximately 7 minutes by car), the apartment also benefits from close proximity to local schools and parks. With easy access to the N-340, the property enjoys excellent connectivity, providing a short commute to Málaga and Málaga–Costa del Sol Airport.
A superb opportunity to create a family residence in a well-connected and desirable location.
An excellent opportunity to acquire a three-bedroom, one-bathroom apartment situated on the fourth floor, offering significant potential for renovation and value enhancement.
The property requires full refurbishment, making it ideal for buyers seeking to personalise a home to their own specifications or investors looking for a promising project.
Conveniently located less than a 20-minute walk from the beach (approximately 7 minutes by car), the apartment also benefits from close proximity to local schools and parks. With easy access to the N-340, the property enjoys excellent connectivity, providing a short commute to Málaga and Málaga–Costa del Sol Airport.
A superb opportunity to create a family residence in a well-connected and desirable location.
Property Features
- 3 bedrooms
- 1 bathroom
- 92m² Build size
- Setting - Close To Port
- Setting - Close To Shops
- Setting - Close To Sea
- Setting - Close To Town
- Setting - Close To Schools
- Setting - Close To Marina
- Condition - Renovation Required
- Views - Street
- Utilities - Electricity
- Category - Bargain
- Category - Cheap
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,000€
Final Payment of 90% on completion
198,000€
Property Purchase Expenses
Property price
220,000€
Transfer tax 10%
22,000€
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.













