Renovated Three-Bed Apartment in Historic Palma
€480,000€4,364/m²
3
bedrooms
1
bathroom
110 m²
interior
110 m²
plot
Apartment
property type
Today
listed
The Habio take
AI summaryThis charming three-bedroom apartment is located in the historic gothic district of Palma, Mallorca, offering a blend of original features and contemporary design. With its versatile layout, it is well-suited for both residential living and business use.
- historic
- city
- investment
Highlights
- Historic gothic location
- Partly refurbished to high standards
- Original features preserved
- Versatile layout for residential or business use
- Incredible potential for future development
Worth knowing
- No designated parking available
Good fit for: Ideal for investors or those seeking a home with business potential in a vibrant area.
Lifestyle scores
- Beach
- 50
- Walkable
- 85
- Remote work
- 70
- Family
- 65
- Retirement
- 60
- Airport access
- 80
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
This unique property is set in the beautiful historical gothic part of Palma de Mallorca, currently functioning as both business premises and a residential dwelling. It is legal for residential use and has been partly refurbished to an extraordinary standard in 2005, showcasing a captivating mix of original features and contemporary design.
The apartment features stunning exposed original flooring, protected by glass in one of the main rooms, which adds to its charm. It comprises three potential bedrooms, two smaller bathrooms, a library or office space, and the possibility of creating additional storage for future use. This intriguing property presents an excellent opportunity for anyone looking for a home or business in a highly sought-after area of Palma, deserving a viewing for its limitless possibilities.
Where you’ll be
Palma, Mallorca, Spain
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
