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Ref: TV509
Property marketed by Estate Agents Pérez-Oglietti
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The development consists of 21 semi-detached single-family homes and there are only 4 houses left for sale. Property 6.................347.000€ Property 9.................346.000€ Property 11................349.000€ Property 12................396.000€ They are distributed in 2 bedrooms, 3 bathrooms and living-dining room-kitchen with direct access to a large terrace with stunning sea views. It has a common area with a swimming pool. Each home has a basement with an individual garage and a large storage area. A perfect option for both first and second homes. Torrox is located in the east of the province of Malaga, in the region of Axarquia, and is famous for being considered the town with the best climate in Europe. The municipality is divided into two nuclei: Torrox and Torrox Costa, where the promenade is located where we can find the viewpoint and the lighthouse. Our development is located in the "El Peñoncillo" Urbanization, located on top of a hill, where you can enjoy stunning views of the sea. The development is located 50 km from Malaga and 15 km from Nerja. The beach is located at 1500 m as well as the connection with the N-340, a coastal road with wonderful views and access to the beach that connects the entire coast. The area of the asset is quite quiet, a perfect area to live in due to its proximity to Malaga and perfectly connected to the A-7 motorway. In addition, it is an area where you can spend the summer with children and avoid the hustle and bustle of other crowded coastal areas. On the promenade we find several playgrounds for children and green areas to walk with your pet.
Property Features
- 2 bedrooms
- 3 bathrooms
- 160m² Build size
- Swimming Pool
- Parking : YES
- Swimming pool : Yes
- Sun/facing : South
- Views : Beach/sea
- Basement
- Terrace/balcony
- Wardrobe/closet
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
31,600€
Final Payment of 90% on completion
311,400€
Property Purchase Expenses
Property price
346,000€
Transfer tax 10%
34,600€
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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