ILP Inmobiliaria La Palma

Antique canarian townhouse for renovation

It is not possible to take out a mortgage on this property as it is not yet registered in the Land Registry

LOCATION:

• Municipality of EL PASO
• Locality of FÁTIMA
• With mountain view
• ca. 695 m above sea level

DESCRIPTION:

- The property has in total approx. 1.100 m²

- Single storied dwelling house of approx. 77 m² overbuilt space

• Living room
• Kitchen
• 3 bedrooms
• 1 bathroom

- Water storage

GENERAL CONDITION:

• The house needs an overall restoration

HOT WATER:

• Electric water heater

SUPPLIERS:

• Electricity
• Town water connection

INVENTORY:

• The inventory is not included in the price

GROUND:

The property has approx. 1.100 m²

• Completely fenced property
• Flat land
• Property left in its natural state
• Good farmland

ROAD COMMUNICATION:

• Entrance directly from the street

WALKING DISTANCES:

• Bus stop about 2 minutes
• City center approx. 8 Minutes
• Supermarket approx. 4 minutes

DRIVING DISTANCES:

• City center approx. 2 Minutes
• Los Llanos in about 13 minutes
• Santa Cruz in about 33 minutes
• Supermarket approx. 1 minutes
• School in about 3 minutes
• Health center in about 3 minutes
• Hospital approx. 22 minutes
• Airport in about 30 minutes

MORE INFORMATION:

• Rural area, yet centrally located
• Fertile land

A property with many possibilities

For lovers of old house restoration!

ADDITIONAL COSTS WHEN BUYING A PROPERTY:

Every purchase of real estate causes additional costs to the stated selling price, generally in the range of 10 to 11 %. These expenses are usually the following:

• the land transfer tax: 6.5 % of the purchase price
• the costs of land registration
• the notary fees
• the costs of changing ownership in the cadastre
• the professional fee payable by the buyer to the real estate agency: 3 % (minimum 1,800 Euros, IGIC not included) of the real purchase price

Additional costs and variations to be considered:

• the mortgage costs, in the case of financing the purchase
• If the seller is a promoter, there is no land transfer tax to pay, but 7 % IGIC plus 1 % for documented juridic acts tax, of the purchase price