Character 5 bedroom House for sale with countryside view in Santa Magdalena, Mallorca
Recently refurbished, this superb property offers style, authenticity, and a peaceful atmosphere for the perfect family retreat, yet just 5 minutes from the centre of town.
Currently, there are 5 bedrooms and 7 bathrooms (5 en-suite), providing plenty of room for both family and guests. There is also an extra space that has the potential to be transformed into an additional bedroom with an en-suite bathroom.
The property features lavish interiors, multiple living rooms, a bar, a library, and a spacious kitchen that connects to an outdoor kitchen, which in turn opens up to a large, covered terrace and a cosy dining area.
The villa is uniquely charming with its carefully selected materials. From the restored marble flooring to the fine William Morris designer wallpaper and the 19th Century Neapolitan tiles, every corner of the house displays top-quality choices that contribute to its distinctive character.
The outside space offers a welcome oasis, with numerous terraces, extensive mature gardens, and fruit trees including olive, orange, and lemon. In addition, there is a beautiful saltwater swimming pool with sunbathing area and a pergola with wickerwork shade, so an ideal area to take a break from the summer sun.
Other features include: fireplaces, gas central heating, reverse air conditioning, and an Endesa electricity connection.
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Where is this property?
This House is located in Santa Magdalena in Balearic Islands
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Buying a property in the Balearic Islands
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.