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3 bed flat for sale in Palma de Majorca, Spain, 126 m²

3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 1
3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 2
3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 3
3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 4
3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 5
3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 6
3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 7
3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 8
3 bed flat for sale in Palma de Majorca, Spain, 126 m² - photo 9
Price€475,500
TypeFlat
Covered area126 m²
Beds3
Bath2
Market infoNew homes
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Environment

Apartment in Residencial Son Quint - fase 1

Son Quint – Fase 1 is a perfect high standing property for those looking for a place of quiet rest in Palma de Mallorca.

Located on Miquel Lladó, 7-9 Street of Son Vida district, the complex is surrounded by a beautiful Mediterranean forest and 4 golf courses: Golf Son Muntaner, Golf Son Vida, Golf Son Quint and Golf Son Quint Pitch & Putt. It takes only a few minutes to get to the city center by car or by bus from the area.

In addition to spectacular beaches of the coast, a cosmopolitan city Palma de Mallorca has a comfortable climate with an average annual temperature of 17,9 °C and offers a range of diverse touristic attractions that include spectacular Gothic architectural sights like Santa María Cathedral, el Palacio de la Almudaina, la Lonja y la Plaza Mayor.

Mallorca island has a great number of landmark characteristics like fishing boats, pine forests, picturesque cliffs, and traditional villages.

Project Description

This newly built property is located in one of the most luxurious residential areas of Palma de Mallorca. The complex is surrounded by an eye-catching shared garden space that has an integrated swimming pool and a children's playground.

Developed according to modern standards and having an innovative design look, Son Quint features 120 properties of different floor spaces varying from houses with two floors and one floor. The properties offering 1-4 rooms also have a spacious terrace environment that allows enjoying the warm climate and picturesque views of the city. The properties on the ground floor have an individual garden.

Distinguished by energy efficiency, great soundproofing, and the first-class quality finishing, these apartments also include parquet floorings and air conditioning system with climate control. The prices of the properties range between 336,000 and 707,000 euros plus VAT. There are also garage parking places and storage rooms that are must-buy objects and are not included in the price of a property.

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

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Rental Cost
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Company Representatives
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Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
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