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Located in the sought-after "La Solana" area of Villena, this massive 59,392 m² estate represents a high-yield opportunity for developers and private investors alike.
Key Potential:
According to local urban planning regulations, which require a minimum of 10,000 m² to build a detached country house on rustic land, this property can be legally subdivided into up to five independent plots. This allows for the development of up to five private residential villas.
Property Features:
Total Size: 59,392 m² (approx. 5.94 hectares).
Development Opportunity: Divisible into 5 plots of approx. 11,800 m² each.
Building Limits: Each future plot allows for a detached home with a footprint of up to 2%.
Existing Structure: Includes a registered 30 m² building (1995).
Prime Accessibility: Direct road access, just minutes from Villena town center and the High-Speed Train (AVE) station.
This is a rare chance to acquire a large-scale land project in a prime location with stunning views and excellent connectivity to Alicante and Madrid.
Property Features
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- 1 bedroom
- 0 bathrooms
- 30m² Build size
- 59,392m² Plot size
Costing Breakdown
* 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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Mortgage Result
* 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.
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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