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Terraced house in Casa en casco antiguo, Ciutadella, Ciutadella de Menorca
Terraced house in Casa en casco antiguo, Ciutadella, Ciutadella de Menorca — image 2Terraced house in Casa en casco antiguo, Ciutadella, Ciutadella de Menorca — image 3Terraced house in Casa en casco antiguo, Ciutadella, Ciutadella de Menorca — image 4Terraced house in Casa en casco antiguo, Ciutadella, Ciutadella de Menorca — image 5
Grade B+villamid-range

Terraced house in Casa en casco antiguo, Ciutadella, Ciutadella de Menorca

Ciutadella · Ciutadella · Illes Balears

€728,500

Asking Price (EUR)

STR Restriction Warning

Balearics ETV moratorium: new short-term-rental licences are frozen. An existing, transferable ETV is required to operate legally — verify the licence and its transferability with the agency.

4.6%

Net Yield (after tax, all-in)

4.6%

Managed ROI (after tax)

11.3%

Gross Yield

57%

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: €93,644/yr
Average Daily Rate: €484
-12.0% vs area baselineNo pool (-12%)
Net Yield (after tax): 4.6%
Payback Period: 21.7 years
5-yr Capital Value: €844,531
10-yr Capital Value: €979,043
Brixfox Score: 65.5 / 100

True Investment Cost

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

€832,665

+14.3% over asking

Asking price€728,500
itp€62,850
legal€8,815
furnishing€30,000
notary registry€2,500
All-in investment€832,665

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: 5
Building: 167 m²
Style: minimalist
Condition: new-build
Energy Certificate: D

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.

Design Features

exposed wooden ceiling beamsintegrated kitchen shelvingprivate courtyard

Score Breakdown

ROI
16.83
Visual Appeal
12.2
Ownership Security
13
Location
8.4
Land & Space
5.34
Rental Demand
5.73
Payback Speed
3
STR Suitability
1

Description

Fantastic completely renovated house for sale in the old town of Ciutadella, in the heart of the city. It has a total construction of 167m2 plus a patio on the ground floor. The house is distributed in a spacious living room, dining room next to a wonderful open kitchen, toilet, and access to a beautiful patio on the

Location

📍 40.0019°, 3.8417°

Ciutadella, Illes Balears, Spain

Visit Fincas Seminari →Listed via Idealista.com
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Fincas Seminari
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Terraced house in Casa en casco antiguo, Ciutadella, Ciutadella de Menorca

Ciutadella · Balearic Islands · Ref BF-6397 Source verified · Fincas Seminari · listed 17 Jun 2026
Asking price · Freehold
$791,848
View original listing
Ownership
Freehold
Bedrooms
4
Bathrooms
5
Built area
167 m²
True net yield
4.6%
≈ $6,582/mo net after costs & tax
5-yr total return (net + appreciation)
11.5% / yr avg
Payback in ~22 yrs from rent
Brixfox Score 66 · B+

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

Ciutadella

Balearic Islands, Approximate area

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Airbnb Comp Analysis

Finding Airbnb comps...

STR Restriction Warning

Balearics ETV moratorium: new short-term-rental licences are frozen. An existing, transferable ETV is required to operate legally — verify the licence and its transferability 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)
$526/night
50% ($263)Brixfox estimate($526/night)200% ($1,051)
Occupancy
57%
10%Brixfox estimate(57%)100%

Short-Term Rental

Indicative
Yearly income
$57,001
Likely range $34,200 – $79,801
Airbnb data$526/night · 57% occupancy
Rental income
$526/night · 57% occ.
$101,787
Running costs (20%)
Utilities, cleaning, maintenance
-$20,357
Income tax (24%)
Non-EU IRNR on gross rent
-$24,429
Net income
7.2% ROI
$57,001

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Ciutadella.

$5.6M$4.2M$2.8M$1.4M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $729K
Capital appreciation
Property value growing at +4%/yr based on Ciutadella 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 12: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$886K
+22%
Rental Income
+$278K
Total Position
$1.2M
+60%
9.8%/yr
Year 10
Capital Value
$1.1M
+48%
Rental Income
+$601K
Total Position
$1.7M
+131%
8.7%/yr
Year 20
Capital Value
$1.6M
+119%
Rental Income
+$1.4M
Total Position
$3.0M
+313%
7.3%/yr
Year 30
Capital Value
$2.4M
+224%
Rental Income
+$2.5M
Total Position
$4.9M
+567%
6.5%/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
7.2% annual return
Occupancy
Average
57% average occupancy
Nightly Rate
Strong
$484 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $484 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 57% — factor in seasonal gaps

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

Risks & What-If

What if occupancy changes?

Owner Managed scenario

37% occ.
5.1%
$3,339/mo
47% occ.
6.4%
$4,235/mo
57% occ.
7.8%
$5,130/mo
current
67% occ.
9.1%
$6,025/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.