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Properties

An elegant, renovated stately flat with great potential on 31 de Diciembre

Palma

Ref. 5771SALEEXCLUSIVE
3
2
164 m²
No
Yes
€549,000

The property

Nappo Real Estate is delighted to present this elegant and spacious property, featuring classic architecture, situated on the second floor (no lift) of a prestigious, stately building on the iconic Calle 31 de Diciembre, close to the sought-after areas of Blanquerna and Arxiduc. The property was completely refurbished in 2011 and retains the distinctive character of Palma’s classic homes, with high ceilings and decorative features that lend personality and distinction to its rooms. It is situated in one of the city’s most established residential neighbourhoods, surrounded by supermarkets, local shops, schools, medical centres, cafés and restaurants, as well as offering excellent public transport links and quick access to the main transport routes.

The current layout comprises three bedrooms, a large living-dining room, a spacious separate kitchen, a second living room and two fully fitted bathrooms. Its generous dimensions and the spaciousness of the various rooms allow for a range of layout options, adapting the property to different lifestyles and needs. It is possible to create separate workspaces, incorporating a private study without sacrificing the large living areas, or to reorganise the rooms to create a greater number of bedrooms. Among the most interesting options is the possibility of creating a modern living area with an open-plan kitchen, integrating the living and dining rooms, whilst still having up to four double bedrooms, subject to the necessary layout changes. The utility area also features a pleasant, generously sized balcony, providing an additional and functional outdoor space.

The property is in very good condition, ready to move into, and features finishes and fittings that ensure everyday comfort. Key features include electric heating, air conditioning and Climalit-style double-glazed windows with thermal breaks, which contribute to the property’s thermal and acoustic insulation. Its high ceilings, classical architecture and decorative details complete the stately character of this property.

The property includes a storage room for additional storage space. It also features an outdoor area adjoining the utility room, with a generously sized balcony that expands the property’s potential uses.

In short, this is a property with character, generous spaces and extraordinary potential for re-planning, situated in one of Palma’s most established and sought-after locations. A particularly attractive opportunity both for those seeking a home with character and for those wishing to design a layout fully tailored to their needs. Please contact Nappo Real Estate for further information and to arrange a viewing.

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 over 40 ASSOCIATED AGENTS and 6 OFFICES across MALLORCA and MADRID, we are the partner who will support you from start to finish throughout the entire property process. WHERE THERE’S NAPPO, THERE’S A HOME.

Features

Air conditioningTerracesStorage roomFitted kitchenOrientation ESTE, OESTE

Running costs

IBI€251.00per year
Waste collection€126.00per year

Energy performance certificate

Consumption ratingEConsumption167.7Emissions ratingFEmissions50.7
ConsumptionE
A
B
C
D
EClass E
F
G
Energy consumption167.7kWh/m² year
EmissionsF
A
B
C
D
E
FClass F
G
CO₂ emissions50.7kg CO₂/m² year

Multimedia

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The area

Palma

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Belen Martinez

Belen Martinez

Office Palma · Cala Major

LanguagesEnglish · Spanish · French

Request your viewing

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€45,410

Notary€1,500

Land Registry€750

Administrative services€750

Appraisal€700

Infinity Finance fees€5,000

Taxes, costs and fees€54,110

Purchase price€549,000

Total transaction cost€603,110

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€163,910Purchase contribution + cost contribution
Total transaction cost€603,110Purchase price + taxes, costs and fees
Financing as a share of the purchase price80 %
Mortgage principal€439,200
Indicative appraisal value€549,000Mortgage 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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