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Rustic house in Tafira, Las Palmas de Gran Canaria
Rustic house in Tafira, Las Palmas de Gran Canaria — image 2Rustic house in Tafira, Las Palmas de Gran Canaria — image 3Rustic house in Tafira, Las Palmas de Gran Canaria — image 4Rustic house in Tafira, Las Palmas de Gran Canaria — image 5
Grade C+villabudget

Rustic house in Tafira, Las Palmas de Gran Canaria

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

€300,000

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 (0 comps, low confidence).

2.0%

Net Yield (after tax, all-in)

indicative range 1.5–2.6%

2.0%

Managed ROI (after tax)

7.8%

Gross Yield

70%

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: €27,861/yr
Average Daily Rate: €118
-51.0% vs area baselineImage quality 3/10 (-12%), Dated style (-15%), No pool (-12%), Budget finish (-12%)
Net Yield (after tax): 2.0%
Payback Period: 49.1 years
5-yr Capital Value: €347,782
10-yr Capital Value: €403,175
Brixfox Score: 54.1 / 100

True Investment Cost

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

€355,210

+18.4% over asking

Asking price€300,000
itp€19,500
legal€3,210
furnishing€30,000
notary registry€2,500
All-in investment€355,210

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: 4
Bathrooms: 2
Building: 196 m²
Land: 1764 m²
Style: dated
Condition: needs-renovation
Year Built: 1965
Energy Certificate: In process

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.

Score Breakdown

ROI
8.14
Visual Appeal
3.6
Ownership Security
13
Location
8.4
Land & Space
12
Rental Demand
6.97
Payback Speed
1
STR Suitability
1

Description

**Rustic Land with House and Shed in Hoya del Parrado - San Francisco de Paula** Discover nature on this 1,763 m² rustic plot of land near the city center of the capital! Located in the Hoya del Parrado area next to the GC-4 highway, within the municipality of Las Palmas de Gran Canaria, about 10 km from San Telmo Pa

Location

📍 28.0523°, -15.4493°

Las Palmas de Gran Canaria, Las Palmas, Spain

Listed by Agencia Inmobiliaria Sancho via Idealista.com
4-bedroom freehold villa in Las Palmas de Gran Canaria — photo 1 of 5
Idealista.com
4-bedroom freehold villa in Las Palmas de Gran Canaria — photo 2 of 5
4-bedroom freehold villa in Las Palmas de Gran Canaria — photo 3 of 5
4-bedroom freehold villa in Las Palmas de Gran Canaria — photo 4 of 5
4-bedroom freehold villa in Las Palmas de Gran Canaria — photo 5 of 5

Rustic house in Tafira, Las Palmas de Gran Canaria

Las Palmas de Gran Canaria · Canary Islands · Ref BF-10503 Source verified · Idealista.com · listed 20 Jun 2026
Asking price · Freehold
$326,087
Ownership
Freehold
Bedrooms
4
Bathrooms
2
Built area
196 m²
Land
1764 m²
True net yield
2.0%
≈ $1,554/mo net after costs & tax
5-yr total return (net + appreciation)
9.5% / yr avg
Payback in ~49 yrs from rent
Brixfox Score 54 · C+

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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Airbnb Comp Analysis

Finding Airbnb comps...

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.

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$128/night
50% ($64)Brixfox estimate($128/night)200% ($257)
Occupancy
70%
10%Brixfox estimate(70%)100%

Short-Term Rental

Indicative
Yearly income
$16,959
Likely range $10,175 – $23,742
Airbnb data$128/night · 70% occupancy
Rental income
$128/night · 70% occ.
$30,284
Running costs (20%)
Utilities, cleaning, maintenance
-$6,057
Income tax (24%)
Non-EU IRNR on gross rent
-$7,268
Net income
5.2% ROI
$16,959

Growth & Exit Strategy

How your investment grows over time

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

$2.0M$1.5M$986K$493K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $300K
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 16: rental income alone has repaid the full purchase price.
2x return
Year 10: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$365K
+22%
Rental Income
+$83K
Total Position
$448K
+49%
8.3%/yr
Year 10
Capital Value
$444K
+48%
Rental Income
+$179K
Total Position
$623K
+108%
7.6%/yr
Year 20
Capital Value
$657K
+119%
Rental Income
+$419K
Total Position
$1.1M
+259%
6.6%/yr
Year 30
Capital Value
$973K
+224%
Rental Income
+$742K
Total Position
$1.7M
+472%
6.0%/yr
Turnkey Management

Your property, professionally managed

Buying from abroad? You won't lift a finger. A vetted local management partner is already connected to this listing — ready to run it as a short-stay rental from day one, so the Managed projections above are something you can actually rely on.

Vetted by Brixfox 6+ yrs operating 90+ properties managed ~2h guest response

Mediterráneo Stays

Vetted

Licensed VUT/VV management on the Costas & islands

21%
Management fee
of rental revenue — already in your Managed figures

Vivienda de uso turístico management for overseas owners. Regional licensing, national registry (Registro Único) and full guest operations.

What the fee covers

  • Listing setup & optimisation (Airbnb, Booking.com, VRBO)
  • Dynamic pricing & revenue management
  • 24/7 multilingual guest communication
  • Guided check-in / check-out & key handling
  • Professional cleaning, laundry & restocking
  • Maintenance & repairs coordination
  • Monthly owner statements & payouts
  • Guest screening & damage protection
  • Regional STR licence (VUT/VV/HUT) & national registry handling
  • Pool & garden upkeep
Visit Mediterráneo Stays

Ask Brixfox AI

Conversational analysis — questions about this listing, answered from real data.

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.2% annual return
Occupancy
Good
70% average occupancy
Nightly Rate
Average
$118 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Strong
1764 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Generous 1764 m² land — room for expansion or amenities
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
ADR of $118 limits revenue ceiling — consider repositioning potential

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

50% occ.
4.0%
$1,089/mo
60% occ.
4.8%
$1,307/mo
70% occ.
5.6%
$1,526/mo
current
80% occ.
6.4%
$1,745/mo

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.