Spacious 4 bedroom Villa for sale in Palmanova, Mallorca

1,850,000 EUR 1,591,000 GBP 1,998,000 USD

Reference: 235921

Bedrooms: 4
Bathrooms: 3
Floor Size: 317 m2
Plot Size: 1,057 m2

Features

Quiet Area
Parking
Garage
Walk to Beach
Good Condition
Terrace
Fruit Trees
Golf Resort or Nearby
Air Conditioning
Potential for Income
Mountain View

Details

Lovely 4 bedroom villa with a total spacious living area of 317m2, set within an elevated manicured plot of 1,057m2 with a swimming pool and lovely mountain views.

Ideally located in a quiet and highly desirable residential area of Palmanova and just a short walk from the nearby beaches, restaurants, and shops, making ideal for all ages.

Ground floor: 4 large bedrooms (1 with a dressing room), and 2 bathrooms (1 en-suite), all of which enjoy access to the terraces and garden.

First floor: independent modern fitted and equipped kitchen with a cooking island, laundry room, storeroom, bathroom and a huge living/dining room with direct access to the covered terrace.

Outside: mature neatly landscaped gardens with fruit trees, 10 x 5m swimming pool, barbecue area and various porches and terraces from where to enjoy the stunning mountain views.

Other features include: double glazing, reverse air conditioning, garage parking for 2 cars and further parking for 3 cars on the driveway.

The villa also holds a valuable holiday rental license for 8 people, offering the option to earn an additional income.

Perfectly located close to the beaches in Palmanova, which is a popular holiday resort known for its lovely long beaches, but also with a residential population, belongs to the municipality of Calvia, one of the top international touristic areas of Majorca.

Several golf courses are within a 5-10 minute drive and Palma and the international airport are just 20 minutes away.

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Balearic Islands Property Buying Guide

1. Putting down a Holding Deposit

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.

2. Setting up a Pre-agreement (Contrato privado de compraventa)

The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.

3. The Contract (Escritura de compraventa)

Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.