Semi-detached house in Garcia Tello, Vegueta, Las Palmas de Gran Canaria
Semi-detached house in Garcia Tello, Vegueta, Las Palmas de Gran Canaria — image 2Semi-detached house in Garcia Tello, Vegueta, Las Palmas de Gran Canaria — image 3Semi-detached house in Garcia Tello, Vegueta, Las Palmas de Gran Canaria — image 4Semi-detached house in Garcia Tello, Vegueta, Las Palmas de Gran Canaria — image 5
Grade Cvillabudget

Semi-detached house in Garcia Tello, Vegueta, Las Palmas de Gran Canaria

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

€570,000

Asking Price (EUR)

Licence regime in this region

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.

Indicative figures

The listing's portal field states full renovation (class D): as listed the home cannot be let, so it is not ranked on yield, and the rental projection is the finished house's.

The rental projection rests on limited comparable data (5 comps, 68% confidence).

40%

Occupancy

Projected Gross Revenue: €77,564/yr
Average Daily Rate: €571
5-yr Capital Value: €660,786
10-yr Capital Value: €766,032
Brixfox Score: 45 / 100
Comparable Properties: 5
Data Confidence: 68%
Search Radius: 4 km

True Investment Cost

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

€645,649

+13.3% over asking

Asking price€570,000
itp€37,050
legal€6,099
furnishing€30,000
notary registry€2,500
All-in investment€645,649

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: 5
Bathrooms: 2
Building: 326 m²
Land: 1 m²
Style: mediterranean-traditional
Condition: needs-renovation
Year Built: 1900
Energy Certificate: E

No licence found

The listing states no licence, and its pin is not precise enough to check the register by location. Under the Canary Islands VV regime (new licences frozen under Law 6/2025), a new licence is not obtainable, so ask the agency for the number before underwriting STR income.

A register hit means a licence exists at this location, not that it transfers with the sale: have a Spanish lawyer verify the transfer clause in the deed, the licence’s current status and the municipality’s renewal position before you commit.

Design Features

traditional canarian architecturecentral courtyard with skylightdark wood banisters and trim

AI Investment Summary

C investment in Las Palmas de Gran Canaria (Gran Canaria). Score 45/100. Net yield 3.0% after works (as listed withheld: condition class D, works EUR 403,425 mid) | Occupancy 40% | ADR $571 | No STR licence on record

Score Breakdown

ROI
11.5
Visual Appeal
8.8
Ownership Security
13
Location
8.4
Land & Space
0.02
Rental Demand
4.02
Payback Speed
1
STR Suitability
1

Description

Stately Home with Charm in Vegueta - Las Palmas de Gran Canaria Discover this magnificent single-family home located in the historic heart of Vegueta, a quiet residential neighborhood that breathes Canarian tradition. With 326 m² built and 309 m² of usable space distributed over two floors, this property is an authent

Location

📍 28.0981°, -15.4168°

Approximate area

Las Palmas de Gran Canaria, Las Palmas, Spain

Listed by Real Casa Inmobiliaria via Idealista.com

Price
$648,612
ReportInquire
5-bedroom freehold villa in Las Palmas de Gran Canaria — photo 1 of 5
Real Casa Inmobiliaria
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5-bedroom freehold villa in Las Palmas de Gran Canaria — photo 2 of 5
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Semi-detached house in Garcia Tello, Vegueta, Las Palmas de Gran Canaria

Las Palmas de Gran Canaria · Canary Islands · Ref BF-276282Source · Real Casa Inmobiliaria · listed 1 Nov 2026
Asking price
$648,612
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Spain ownership, tax and letting rules

Bedrooms
5
Bathrooms
2
Built area
326 m²
Land
1 m²
Condition
Full renovation
(portal field)
Brixfox Score 45 · CFinancial analysis ↓

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Licence regime in this region

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.

No licence found

The listing states no licence, and its pin is not precise enough to check the register by location. Under the Canary Islands VV regime (new licences frozen under Law 6/2025), a new licence is not obtainable, so ask the agency for the number before underwriting STR income.

A register hit means a licence exists at this location, not that it transfers with the sale: have a Spanish lawyer verify the transfer clause in the deed, the licence’s current status and the municipality’s renewal position before you commit.

Financials

What it earns, what it costs to own, and the net yield

Financial analysis
· After works · estimate
Fully managed is the Brixfox Standard shown on every card: a full-service manager's commission, charged on top of the Airbnb/Booking channel fees (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission; the channel fees stay, because the platform is paid whoever manages, and you pay staff/local operations, a higher cleaning residual and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldCondition D, full renovation (portal field: “Second hand/needs renovating”). Works on rate card WRC-2026.10: full renovation €660–1,320/m² × 326 m², €403,425 at the midpoint with 10% fees and 15% contingency. All-in after works €1,049,074.
Gross yield · all-in after works
As listed, this home cannot be let: the figure is the yield after the works below.
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Las Palmas de Gran Canaria — live calendar data.

No Airbnb match on file

We have not confirmed this exact property on Airbnb, so it carries no operating history here. The figures above rest on the comparable set — a launch scenario, not a track record.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR is the expected BOOKED rate — nearby asking prices corrected by our measured, market-calibrated asking-to-booked factor. Occupancy is calibrated against tracked reference homes nearby. Comp cards below show raw asking prices.
Expected ADR
$602
Expected booked rate (market-calibrated)
Expected occupancy
40%
Full-year estimate, market-calibrated
Projected annual revenue
$88,261
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
Seasonal occupancy pattern
Peak Feb +35% · Low Jun -30%
J
F
M
A
M
J
J
A
S
O
N
D
Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
€
Acquisition costs· 8.0% of price, auto-calculated
$51,945
ITP (impuesto de transmisiones patrimoniales)$42,160
Notary, Registro & gestoría$2,845
Legal & due diligence$6,940
Works· rate-card guide, in the all-in
$459,063
Renovation (guide, full renovation)· full renovation €660–1,320/m² × 326 m² · rate card WRC-2026.10$367,251
Professional fees 10%· Architect or engineer, on the renovation line$36,725
Contingency 15%· On the renovation line$55,088
Renovation budget· the guide works above are already in the all-in — enter only works beyond them
€
Furniture & STR launch
€
All-in after works
$1,193,757
+84.0% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
Gross annual revenue
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Rental management
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Booking channel fees
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Cleaning & consumables
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Utilities (electricity, water, pool, garden)
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Property tax (IBI)
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Maintenance reserve
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Insurance
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Accounting & Modelo 210 filing
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IRNR (non-resident income tax)
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Net operating income
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Net yield on all-in investment
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IRNR is charged here at the non-EU/EEA non-resident rate on the net letting profit (Modelo 210). An EU or EEA resident owner pays 19% on the same base. Financing is not modelled.

Rental yield + value growth

Your net rental yield plus a yearly rise in the property's market value (land and building) that you choose. Value growth is an assumption, not data — which is why it starts at 0% and is kept out of the yield figures above.
Property value growth per year · your assumption0%
0%4% · Las Palmas de Gran Canaria 5-yr avg — historical, not a forecast8%
Yield + value growth
••/yr
••% net yield + 0% value growth
Value growth figures are illustrative only. Past regional price growth does not predict future performance; local supply, regulation and currency moves can materially change outcomes. Not financial advice.
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Spain ownership, tax and letting rules

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Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Las Palmas de Gran Canaria · Canary Islands

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Verdict

Score, and what could go wrong

Same net-yield basis as the financial analysis

Brixfox Score

45C
Location••••
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Risk & what-if

TenureFreeholdno lease decay · no amortisation
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Property Underwriting Report

PDF report · one-time purchase · this property

  • The page’s own figures, line by line
  • Every purchase cost and the all-in total
  • Occupancy and offer-price what-ifs
  • Spain ownership, tax and letting rules

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Modelled from live Airbnb calendar data around this property · operating costs per line, editable in the P&L · estimates, not financial advice.Data sources & methodology ›

ROI calculations use Brixfox Intelligence rental data from tracked Airbnb calendars. Operating costs are modelled per line — Airbnb/Booking channel fees whoever manages, then either a full-service management commission or the staff/local operations a self-managing owner buys back, cleaning residual, utilities & insurance, local taxes — with every rate editable in the Financial analysis P&L above. Gross revenue is identical in both management scenarios. Market factors in Spain may impact actual yields.