1 bedroom Townhouse for sale

1 bedroom Townhouse for sale

Alora, Málaga
49,500
 
  • 1 bedroom Townhouse for sale
  • 1 bedroom Townhouse for sale
  • 1 bedroom Townhouse for sale
  • 1 bedroom Townhouse for sale
  • 1 bedroom Townhouse for sale
  • 1 bedroom Townhouse for sale
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Development Opportunity – Central Álora –Prime redevelopment opportunity in the centre of Álora in the province of MálagaThis single-level property offers excellent potential for conversion into multiple residential units and is connected to all mains services, making it ideal for redevelopmentPreliminary plans indicate the possibility of creating five one-bedroom apartments with fitted kitchens, subject to planning approvalInvestment Highlights• Central location in Álora• Dual street access• Connected to all mains services• Potential development of 5 residential units• Walking distance to town centre and amenities• Excellent transport links to Málaga and the Costa del SolDevelopment Metrics• Location: Central Álora, Málaga province• Property Type: Single-level building suitable for redevelopment• Access: Dual street access• Services: Connected to all mains utilities• Potential Development: Up to 5 one-bedroom apartments (subject to planning approval)Property OverviewThe property benefits from access from two streets, providing flexible design options for redevelopment and allowing the possibility of separate entrances for future apartmentsIts position close to the town centre makes it particularly attractive for long-term residential rental or resale investmentLocationÁlora is a lively Andalusian market town located in the province of Málaga, offering a wide range of amenities including:• supermarkets and local shops• cafés, bars and restaurants• schools and sports facilities• an indoor swimming pool• a theatre and cultural facilitiesThe property is within easy walking distance of the town centre and local amenitiesTransport ConnectionsÁlora enjoys excellent transport linksThe nearby train station provides direct rail connections to Málaga city, Málaga Airport and the Costa del Sol coastline, making the location attractive for both residents and rental marketsMálaga International Airport is approximately 30 minutes by carAbout ÁloraWith a population of around 13,000 residents, Álora combines traditional Andalusian charm with modern amenitiesLocated approximately 38 km from Málaga city, the town is surrounded by beautiful countryside while remaining well connected to the coast and major transport routesThe town has become increasingly popular with both Spanish and international residents seeking an authentic Andalusian lifestyleInvestment PotentialDemand for properties in well-connected towns within Málaga province continues to growThe property's central location, dual street access and development potential create an excellent opportunity for:• single home development• long-term rental investment• resale after refurbishment• mixed residential and investment useWith the possibility to create a house in a central location close to transport links, the project offers attractive potential for rental income or resale after redevelopmentProjects of this type in central Álora can offer strong value-add potential once redevelopment is completedDevelopment opportunities of this type in central Álora are becoming increasingly difficult to findProperties of this type in central Álora typically attract strong demand for long-term rental accommodation due to the town's transport connections and proximity to Málagahttps://wwwandaluciacom/province/malaga/alora/homehtm https://wwwvisitcostadelsolcom/destinations/white-inland-villages/alora-p9271  

Property Features

  • 1 bedroom
  • 1 bathroom
  • 21m² Build size
  • 185m² Plot size
  • Double Bedrooms: 3
  • Close to all Amenities
  • Country/Mountain Views
  • Good Motorway Access
  • Good Road Access
  • historic area
  • Mains Water
  • Nr Golf Resort
  • Nr Medical Centre
  • Nr Schools
  • On Bus Route
  • Tarmac Road
  • Train Station Nearby
  • Urban
  • Walking Distance to Shops etc

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,950€
Final Payment of 90% on completion
44,550€
 
Property Purchase Expenses
Property price
49,500€
Transfer tax 10%
4,950€
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:
49,500€
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Interest Rate:
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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.

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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