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Urban plot for a detached house, 800 metres from Palma beach

Arenal · Palma

Ref. 5486SALE
400 m²
No
400 m²
€320,000

The property

Nappo Real Estate offers for sale a selection of urban plots located between Berlin and Lisbon streets, with different sizes and positions within the same residential area. Eight plots are currently available, ranging from 400.11 sqm to 507.24 sqm, providing several alternatives for buyers looking to develop a detached residential property.

According to the planning documentation provided for subzone I2a, the regulations establish a maximum buildability of 0.50 sqm/sqm, maximum site coverage of 30%, a maximum of two floors and a maximum regulatory height of 7 metres, with a density of one dwelling per plot. The minimum plot size established for this subzone is 400 sqm.

Applying these I2a parameters to the available plot sizes would result in an approximate buildable area of between 200 sqm and 254 sqm, depending on the chosen plot. Plots of around 400 sqm would provide approximately 200 sqm of buildability, while the 460.27 sqm plot would provide approximately 230 sqm, and the largest plot, measuring 507.24 sqm, approximately 254 sqm. These calculations are indicative and remain subject to confirmation of the applicable subzone for each individual plot, compliance with all other planning parameters and the corresponding approvals.

The variety of available plot sizes provides flexibility when considering different detached-home projects within the same setting, allowing buyers to select the option that best suits their individual requirements. An interesting proposition both for private buyers wishing to develop their own home and for developers or investors looking for urban land with residential potential.

Contact Nappo Real Estate for current availability, access to the available planning documentation and further information on the specific characteristics of each plot before proceeding with a project.

With NAPPO you can SELL, BUY, RENT or INVEST in a property. We also have our own RENOVATION COMPANY with specialised staff, architects and designers; an in-house department to obtain the best MORTGAGE conditions on the market and an integrated LEGAL DEPARTMENT. With more than 40 ASSOCIATED AGENTS and 6 OFFICES across MALLORCA and MADRID, we are the partner who will accompany you from beginning to end throughout the entire real estate process. WHERE THERE IS NAPPO, THERE IS HOME.

Features

Energy performance certificate

Consumption ratingConsumptionEmissions ratingEmissions
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Energy consumptionkWh/m² year
Emissions
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CO₂ emissionskg CO₂/m² year

The area

Arenal · Palma

Explore the area and its connections. The exact address is shared only with qualified buyers.

Mateo Castrillon

Mateo Castrillon

Office Palma · Foners

LanguagesSpanish

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How do you plan to buy? (Optional)

Calculate your mortgage in 1 minute!

Mortgage, taxes, costs and fees explained in four steps.

01 · Tax base and taxation

Property transfer tax (ITP)

We start from the advertised price. If you are considering an offer, enter the amount you would like to analyse here.

Borrower 1€25,600

Illes Balears: reduced-rate band up to €270,151 and current eligibility limit in Mallorca/Menorca of €331,860. Subject to legal eligibility requirements.

02 · Taxes, costs and fees

Transaction taxes and costs

Tax is recalculated using the stated tax base. Standard costs are fixed; only other costs can be edited.

ITP Illes Balears€25,600

Notary€1,500

Land Registry€750

Administrative services€750

Appraisal€700

Infinity Finance fees€5,000

Taxes, costs and fees€34,300

Purchase price€320,000

Total transaction cost€354,300

03 · Purchase structure

How much would you like to finance?

Separate your purchase contribution from your contribution to taxes, costs and fees. Any shortfall is included in the financing.

Total own contribution€98,300Purchase contribution + cost contribution
Total transaction cost€354,300Purchase price + taxes, costs and fees
Financing as a share of the purchase price80 %
Mortgage principal€256,000
Indicative appraisal value€320,000Mortgage principal ÷ 0.80
04 · Mortgage simulation

Calculate your mortgage

Enter the interest rate and term to estimate your monthly repayment.

Indicative simulation based on current regulations and the information entered. Tax benefits require documentary verification by Infinity Finance and do not constitute a binding offer or definitive tax advice.

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Nappo team in Mallorca