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Ref: ADH5210D
Property marketed by España Dream Properties
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Unlock the massive potential of this expansive countryside estate in the heart of Alicante’s wine region.Located just 30 minutes from the coast, this unique property offers not one, but two independent houses set on a generous 7,624 m² plot. While the estate currently requires a deep cleaning and modernization ("a diamond in the rough"), its structural layout and panoramic views make it a high-yield project for developers or families seeking a multi-generational Mediterranean retreat.The Property Layout:Main Residence (House 1): Features 3.5 spacious bedrooms, a living room, a family bathroom, and a kitchen with a traditional despensa (pantry). A highlight is the large covered terrace, perfect for enjoying the serene Spanish evenings.Guest House (House 2): Currently inhabited and functional, offering 2 bedrooms, a kitchen, a bathroom, and a living area.Studio Apartment: Attached to House 2, this studio features a rustic fireplace and a guest toilet. Architectural Bonus: By knocking through a non-structural wall, this space can be integrated to create a massive, open-plan living hall for House 2.The Grounds: 200 productive olive trees and a low-maintenance garden surround a large private swimming pool that awaits restoration to become the centrepiece of the estate.Technical Specifications & Potential:Utilities: Agricultural water (agua riego) is connected. Mains electricity and drinking water were previously active and can be re-applied for by the new owner.Project Value: Offered at an attractive entry price of €195,000 in its current state. Once renovated and cleared, comparable properties in this sought-after area of Elda command a market value of €250,000+.Views: Truly breath-taking, unobstructed vistas of the Alicante countryside.Are you looking for a project with a guaranteed "before and after" wow-factor? This Finca offers the space, the trees, and the structural bones to create a high-end rural sanctuary or a profitable B&B business.
Property Features
- 6 bedrooms
- 3 bathrooms
- 397m² Build size
- 7,624m² Plot size
- Swimming Pool
- Pool: Private
- Fast Internet & Phone
- Cess Pit / Septic Tank
- Mains Water
- Annexe / Guest House
- Fireplace - log burner
- Garage
- Utility Room
- Terrace
- Air conditioning
- Barbecue
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,000€
Final Payment of 90% on completion
171,000€
Property Purchase Expenses
Property price
190,000€
Transfer tax 8%
15,200€
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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