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2 bed flat for sale in Palma de Majorca, Spain, 103 m²

2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 1
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 2
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 3
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 4
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 5
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 6
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 7
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 8
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 9
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 10
2 bed flat for sale in Palma de Majorca, Spain, 103 m² - photo 11
Price€261,000
TypeFlat
Covered area103 m²
Beds2
Bath2
Market infoNew homes
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Environment

Apartment in Llull

Comfort, convenient road connections, developed infrastructure and more will be at your disposal in LLull residential complex, located on 3 Jaime Villanueva Street. The development is a 10-minute drive from the city center, and just 8 minutes away from the airport.

Nearby you will find all kinds of shops and services: schools, institutes, large shopping centers (such as Ikea or Bricomart), supermarkets (Mercadona, Aldi or a few meters Lidl) and sports centers.

In addition, the urbanization in in close proximity to Via de Sintura (M-20), which allows you to easily move around the island. In addition to the convenient location, several bus routes also run in the vicinity of the area, which is perfect for those who make journeys around the city by public transport.

Llull development is an exclusive residential project comprised of 85 two and three-bedroom homes that include terraces accessed from the living room. Different types of homes are available for sale including penthouses with large terraces with a possibility of customizing certain finishes.

The apartments are distributed in several independent blocks of four floors which ensures that all the rooms get enough daylight and fresh air. They are designed with great taste with doors painted in white built-in closets, laminate and porcelain flooring, ducted air conditioning. The apartments come with the fully furnished kitchen equipped with Silestone countertops and part of necessary appliances.

The urbanization offers great security as it has a control gate. As far as common areas and recreational amenities are concerned, the development includes a pool, a gym, a social club, children's play area, a community room and a bicycle parking lot.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Interest Rate
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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
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