🔑💰 Unique Investment Opportunity – Growth and Guaranteed Yield
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Futura Propiedades
661349530
- 1
- 2
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230.000 €
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It is an old Mallorcan property, situated in a building with only four dwellings, which guarantees tranquility, privacy, and an exclusive character rarely found in today’s market. Two of the four units have already been renovated, adding value to the building as a whole and reinforcing the potential appreciation of this property once renovated.
The property has 70 m² of built area, currently distributed into two single bedrooms, a living-dining room, a separate kitchen, and one bathroom. However, its interior layout allows for a complete redistribution of the space, making it adaptable to current market needs. With a well-planned renovation, it is possible to create up to three bedrooms, significantly increasing its appeal for both sale and rental.
One of the most outstanding features of this property is its pitched roof, with a maximum height of approximately 5 meters—an exceptional characteristic that opens up a wide range of possibilities. This height allows for the creation of a mezzanine, ideal as an additional bedroom, home office, storage area, or multi-purpose space, thereby optimizing the usable surface area and adding a distinctive value compared to other properties of similar size.
The home retains original architectural elements typical of traditional Mallorcan architecture, such as exposed wooden beams and wooden windows. When properly integrated into a renovation, these features add character, authenticity, and a highly sought-after style among both national and international buyers. The combination of these traditional elements with contemporary design can result in a highly attractive and competitive final product.
The property requires a full renovation, allowing the investor or buyer to design the project from scratch, optimize costs, and tailor the home to current market trends. Thanks to its size, flexible layout, and structural characteristics, this is a relatively quick renovation with high return potential.
Given its price, location, and possibilities, this property is ideal for investors, with a projected return of up to 25% after renovation and resale, depending on the project executed and final market positioning. It may also appeal to small developers or visionary buyers looking to create a unique home with character.
Located in a well-connected area with nearby services and good access to the rest of the city, this property brings together all the elements to become a solid and profitable opportunity within Palma’s real estate market.
Do not hesitate to contact us for further information, to assess the feasibility of the project, or to analyze the investment potential of this property.
Property Features
- Reference FP25429
- Type of Operation For sale
- Type of property Flat
- Zone / City Pedro Garau / Palma de Mallorca
- Net Internal Area 68 m2
- Built Surface 70 m2
- Condition To refurbish
- Bedrooms 2
- Bathrooms 1
- Year built 1936
- Floor 1
- Exterior type External
- Views To the street
- Regime Libre
- Burglar Alarm
- Water
- Exterior
Energy Efficiency Rating
| Energy Consumption kWh/m2 Year |
Consumer Kg CO2/m2 Year | |
|
131.6
|
||
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