Apartment for sale in Valencia, Valencia, Spain

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Ref: 9519

Property marketed by Cabanyal Estate

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Cabanyal Estate presents this excellent investment opportunity: a ground floor studio located on Calle Progreso, in the heart of El Cabanyal. The property has 42 m² built (49 m² of graphical surface) and is part of a typical Cabanyal house from 1944, consisting of three levels, which has been recently fully rehabilitated: the exterior structure and all intermediate floors have been reinforced, the roof has been completely replaced, and the electrical installation and sanitation system have been renewed. Measures have also been taken to protect the flooring against moisture. The studio, with an open concept, combines the living area, a fully equipped open kitchen, and a sleeping area in one space. It also includes a full bathroom, a storage room, and a small exterior patio, perfect for enjoying sunny days in Valencia. The property will be delivered fully furnished and equipped with all appliances, ready to generate income from the very first moment. Currently, the studio is rented monthly (mid-term rental) for €1,250/month, with the possibility of increasing profitability by renting it out short-term during the summer months, with a minimum stay of 11 nights. An ideal opportunity for investors looking for a property that is already rehabilitated, in one of the most promising areas of Valencia, just a few steps from the beach, with immediate profitability and no need for any renovations. Contact Cabanyal Estate for more information or to schedule a visit. We speak Spanish, English, and Dutch. The advertised sale price does not include the agency fees, which amount to 3% of the final sale price, plus 21% VAT, nor the notary, registration, legally applicable taxes, or, where applicable, the expenses arising from mortgage financing. This announcement is for informational purposes only and is not contractual. We are a real estate agency registered in the Registry of Real Estate Intermediary Agents of the Comunitat Valenciana (RAICV) with the number 4410 and our agents are qualified API professionals. API member in Valencia no. 02113

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Property Features

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0 bedrooms
1 bathroom
42m² Build size
49m² Plot size
air conditioning split
furnished
satelite tv
satelite tv
storage room
doble glazing
building homes use only
exterior
good communications
construction year: 1944

EPC Rating

Energy Rating Scale
A
B
C
D
E
F
G

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

16,990€

Final Payment of 90% on completion

179,910€

Property Purchase Expenses

Property price

199,900€

Transfer tax 10%

19,990€

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:

199,900€

Deposit:

€

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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

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%.