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Ref: TP147
Property marketed by Competa Properties S.L.
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Discover this magnificent urban plot situated in El Peñoncillo, one of the most exclusive and sought-after residential areas in Torrox Costa, just a 5-minute drive from the beach and all amenities.
With a plot area of 430 m² and a building allowance of 50 per cent, it offers the possibility of building a spacious detached house or two separate homes, making it an excellent opportunity for both private use and investment.
One of its greatest attractions is its spectacular panoramic views of the Mediterranean and the entire Costa del Sol, guaranteeing a privileged setting to enjoy all year round. Furthermore, the plot borders a protected green area, providing greater privacy and the peace of mind that comes with knowing there will be no future development on that side.
As an added bonus, the property comes with plans and a basic design, making it easier to start building and bringing you one step closer to realising your dream home.
A unique opportunity to build in a prime location, surrounded by tranquillity, exclusivity and unrivalled views. Contact us for further information or to arrange a viewing.
With a plot area of 430 m² and a building allowance of 50 per cent, it offers the possibility of building a spacious detached house or two separate homes, making it an excellent opportunity for both private use and investment.
One of its greatest attractions is its spectacular panoramic views of the Mediterranean and the entire Costa del Sol, guaranteeing a privileged setting to enjoy all year round. Furthermore, the plot borders a protected green area, providing greater privacy and the peace of mind that comes with knowing there will be no future development on that side.
As an added bonus, the property comes with plans and a basic design, making it easier to start building and bringing you one step closer to realising your dream home.
A unique opportunity to build in a prime location, surrounded by tranquillity, exclusivity and unrivalled views. Contact us for further information or to arrange a viewing.
Property Features
- 0 bedrooms
- 0 bathrooms
- 215m² Build size
- 430m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
20,500€
Final Payment of 90% on completion
211,500€
Property Purchase Expenses
Property price
235,000€
Transfer tax 10%
23,500€
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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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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.













