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Properties

Apartment with Great Potential in Plaza de Toros

Plaça de Toros · Palma

Ref. 5646SALEEXCLUSIVE
3
1
86 m²
No
No
€349,000

The property

Nappo Real Estate is pleased to present this 86 sqm apartment according to the Land Registry, situated on the second floor of a building dating back to 1969, with no lift, in the established residential neighbourhood of Plaza de Toros, Palma. The building has recently undergone renovation works and benefits from having very few residents, creating a particularly peaceful living environment. The apartment enjoys a south-facing orientation, allowing plenty of natural light to enter throughout much of the day. The location offers convenient access to everyday amenities, including supermarkets, local shops, restaurants, pharmacies and public transport connections to Palma city centre.

Upon entering the apartment, a welcoming hallway leads directly into the living room. Immediately to one side is a particularly spacious double bedroom, featuring a large built-in wardrobe that provides excellent storage space. Continuing through the property, we reach the separate kitchen, fitted with an induction hob and featuring a convenient utility area at the far end. The sleeping area is completed by two further single bedrooms and a full bathroom. The practical layout and generous proportions of certain rooms provide an excellent starting point for updating the property and making the most of its potential.

The apartment benefits from installed air conditioning and offers scope for cosmetic modernisation to bring it in line with contemporary tastes and requirements. It is a property with considerable potential, particularly thanks to its layout, south-facing orientation and the natural light enjoyed throughout its rooms. An appealing opportunity for buyers wishing to renovate and personalise a home to their own specifications.

An additional advantage is the communal rooftop terrace on the third floor, reserved exclusively for the residents of the building and providing valuable outdoor space. The property also benefits from particularly low running costs: monthly community fees are just €30, annual property tax (IBI) amounts to €155, and the annual waste collection charge is €126.

Overall, this is an appealing property with great potential in Plaza de Toros, ideal for those who appreciate a peaceful setting, a south-facing orientation, a small residential community and low monthly charges. A great opportunity to create a personalised home in an established area of Palma. Contact Nappo Real Estate for further information or to arrange a viewing. We will be delighted to assist you throughout the entire process.

With NAPPO you can SELL, BUY, RENT or INVEST in a property; we also have our own RENOVATION COMPANY with staff, architects and designers; an in-house department to secure the best MORTGAGE 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 start to finish throughout the entire property process. WHERE THERE IS NAPPO, THERE IS HOME.

Features

Air conditioningFitted kitchen

Running costs

IBI€155.00per year
Community fees€31.00per month
Waste collection€126.00per year

Energy performance certificate

Consumption ratingEConsumption49.6Emissions ratingEEmissions172.1
ConsumptionE
A
B
C
D
EClass E
F
G
Energy consumption49.6kWh/m² year
EmissionsE
A
B
C
D
EClass E
F
G
CO₂ emissions172.1kg CO₂/m² year

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The area

Plaça de Toros · Palma

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

Mario Parmense

Mario Parmense

Office Palma · Cala Major

LanguagesEnglish · Spanish · Italian

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Preferred date · optional
Preferred time · optional
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.

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€27,920

Notary€1,500

Land Registry€750

Administrative services€750

Appraisal€700

Infinity Finance fees€5,000

Taxes, costs and fees€36,620

Purchase price€349,000

Total transaction cost€385,620

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€106,420Purchase contribution + cost contribution
Total transaction cost€385,620Purchase price + taxes, costs and fees
Financing as a share of the purchase price80 %
Mortgage principal€279,200
Indicative appraisal value€349,000Mortgage 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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