3 bedroom Townhouse for sale in Hondon de los Frailes, Alicante, Spain

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A unique opportunity to acquire a house in the heart of Hondón de los Frailes for just €59,000 This property boasts a constructed area of ??137 m² and features three double bedrooms, making it an ideal space for families or as an investment Although it requires renovation, its potential is undeniable; you can design your home to suit your tastes and needs It also has two full bathrooms for added convenience The house is entirely exterior-facing and offers access to a private terrace where you can enjoy the area's characteristic Mediterranean climate Its central location puts you close to schools and other essential services: local shops, restaurants, and public transport are easily accessible Don't miss this opportunity to transform this property into the perfect home you've always dreamed of

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Property Features

3 bedrooms
2 bathrooms
137m² Build size
Single Bedrooms: 2

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

2,900€

Final Payment of 90% on completion

53,100€

Property Purchase Expenses

Property price

59,000€

Transfer tax 8%

4,720€

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.

Mortgage Calculator

Mortgage Amount:

59,000€

Deposit:

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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.