Terraced house in Calle Mallorca, 5, Los Tarahales - La Paterna, Las Palmas de Gran Canaria
Terraced house in Calle Mallorca, 5, Los Tarahales - La Paterna, Las Palmas de Gran Canaria — image 2Terraced house in Calle Mallorca, 5, Los Tarahales - La Paterna, Las Palmas de Gran Canaria — image 3Terraced house in Calle Mallorca, 5, Los Tarahales - La Paterna, Las Palmas de Gran Canaria — image 4Terraced house in Calle Mallorca, 5, Los Tarahales - La Paterna, Las Palmas de Gran Canaria — image 5
Grade Cvillabudget

Terraced house in Calle Mallorca, 5, Los Tarahales - La Paterna, Las Palmas de Gran Canaria

Las Palmas de Gran Canaria · Las Palmas de Gran Canaria · Las Palmas

€279,000

Asking Price (EUR)

STR Restriction Warning

Canaries vacacional (VV) rules tightened under Ley 2/2025: new licences face residential-zone limits, community-of-owners approval and municipal caps. Verify the property holds a valid, transferable VV registration with the agency.

Limited comps — indicative only

Revenue projections are based on limited comparable data (1 comps, 51% confidence).

0.7%

Net Yield (after tax, all-in)

indicative range 0.5–0.8%

0.7%

Managed ROI (after tax)

5.5%

Gross Yield

74%

Occupancy

Net yield is after Spain's non-resident rental income tax (modelled at the non-EU 24% rate on net profit; EU/EEA residents pay 19%) and assumes deductible STR expenses — standard for EU/EEA owners and, per recent rulings, available to non-EU owners; confirm with a Spanish tax adviser. Holiday lets don't qualify for the 60% long-term-rental reduction.

Projected Gross Revenue: €18,185/yr
Average Daily Rate: €73
-45.0% vs area baselineImage quality 5/10 (-6%), Dated style (-15%), No pool (-12%), Budget finish (-12%)
Net Yield (after tax): 0.7%
Payback Period: 144.2 years
5-yr Capital Value: €323,437
10-yr Capital Value: €374,953
Brixfox Score: 42.1 / 100
Comparable Properties: 1
Data Confidence: 51%
Search Radius: 6 km

True Investment Cost

Spanish transfer tax + notary + registry + legal + furnishing & STR launch setup.

€332,845

+19.3% over asking

Asking price€279,000
itp€18,135
legal€3,210
furnishing€30,000
notary registry€2,500
All-in investment€332,845

Estimates use Spain's resale transfer-tax (ITP) schedule by region plus notary, registry and legal fees; furnishing & STR launch covers furniture, appliances, the tourist-licence setup and launch photography. Actual notary & legal vary — budget extra for surveyor, due-diligence and bank-mortgage fees if financing. Working capital (2–3 months operating buffer) not included.

Bedrooms: 3
Bathrooms: 2
Building: 142 m²
Land: 106 m²
Style: dated
Condition: fair
Year Built: 1976
Energy Certificate: G

STR Licence Status Unconfirmed

Short-term-rental licence unconfirmed — verify before purchase. In moratorium regions (Balearics ETV, Canaries VV) only an existing, transferable licence reliably permits Airbnb-style letting.

AI Investment Summary

C investment in Las Palmas de Gran Canaria (Gran Canaria). Score 42.1/100. Net yield 0.7% after tax | Occupancy 74% | ADR $73 | No STR licence on record

Score Breakdown

ROI
2.76
Visual Appeal
6.8
Ownership Security
13
Location
8.4
Land & Space
2.69
Rental Demand
7.42
Payback Speed
0
STR Suitability
1

Description

If you are looking for a property with real potential and different profitability options, this entire building represents a very interesting opportunity. *IMPORTANT: To acquire this property, the buyer will need to have a minimum savings of 30% of the purchase price to be eligible for mortgage financing, a percentage

Location

📍 28.0951°, -15.4509°

Las Palmas de Gran Canaria, Las Palmas, Spain

Visit MK Marketing Inmobiliario →Listed via Idealista.com
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Terraced house in Calle Mallorca, 5, Los Tarahales - La Paterna, Las Palmas de Gran Canaria

Las Palmas de Gran Canaria · Canary Islands · Ref BF-10455Source · MK Marketing Inmobiliario · listed 20 Jun 2026
Asking price
$317,478
View original listing
Bedrooms
3
Bathrooms
2
Built area
142 m²
Land
106 m²
Brixfox Score 42 · C
Modelled from Airbnb listings we track across Las Palmas de Gran Canaria — live calendar data. Projections are estimates, not financial advice.

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What nearby Airbnbs actually earn

Brixfox tracks the live availability calendars of Airbnb listings around this property. The rates and occupancy below are observed from real bookings — this is the data behind every yield figure on this page.

Location

Las Palmas de Gran Canaria

Canary Islands, Approximate area

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STR Restriction Warning

Canaries vacacional (VV) rules tightened under Ley 2/2025: new licences face residential-zone limits, community-of-owners approval and municipal caps. Verify the property holds a valid, transferable VV registration with the agency.

After-tax basis: net yield is after Spain's non-resident rental income tax, modelled at the non-EU 24% rate on net profit (EU/EEA residents pay 19%). Assumes deductible STR expenses — standard for EU/EEA owners and, per recent rulings, available to non-EU owners; confirm with a Spanish tax adviser. Holiday lets don't qualify for the 60% long-term-rental reduction.

Income Breakdown

Figures are modelled estimates derived from comparable short-term-rental data — not guaranteed returns or financial advice. Do your own due diligence before investing.

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Customize your projections
Nightly Rate (ADR)
$83/night
50% ($41)Brixfox estimate($83/night)200% ($165)
Occupancy
74%
10%Brixfox estimate(74%)100%

Short-Term Rental

Indicative
Yearly income
$11,588
Likely range $6,953 – $16,223
Airbnb data$83/night · 74% occupancy
Rental income
$83/night · 74% occ.
$20,693
Running costs (20%)
Utilities, cleaning, maintenance
••••
Income tax (24%)
Non-EU IRNR on gross rent
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Net income
••% ROI
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Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Las Palmas de Gran Canaria.

$1.6M$1.2M$799K$399K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $279K
Capital appreciation
Property value growing at +4%/yr based on Las Palmas de Gran Canaria market trends.
Rental income
Cumulative net rental earnings collected over time, growing with annual revenue increases.
Total return
Capital value + rental income. Your actual total position if you sold and kept all rent.
Paid back
Year 21: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$339K
+22%
Rental Income
+$54K
Total Position
$394K
+41%
7.1%/yr
Year 10
Capital Value
$413K
+48%
Rental Income
+$117K
Total Position
$530K
+90%
6.6%/yr
Year 20
Capital Value
$611K
+119%
Rental Income
+$274K
Total Position
$885K
+217%
5.9%/yr
Year 30
Capital Value
$905K
+224%
Rental Income
+$484K
Total Position
$1.4M
+398%
5.5%/yr

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Villa Scorecard

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Risks & What-If

What if occupancy changes?

Owner Managed scenario

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Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Market factors in Spain may impact actual yields.