Renovation Project House with Garden and Pool in Son Espanyolet
€2,950,000
Son Espanyolet, Balearic Islands, Spain
House
property type
3 weeks ago
listed
The Habio take
AI summaryThis charming ground floor house in Son Espanyolet offers a fantastic investment opportunity, complete with an approved renovation license. It promises to be transformed into a remarkable two-storey home with a garden, terrace, swimming pool, and roof terrace.
- investment
- renovation
- garden
- pool
- quiet
Highlights
- Approved renovation license included
- Potential for a two-storey home
- Delightful garden and terrace
- Swimming pool planned
- Prime investment opportunity
Worth knowing
- Requires substantial renovation
- Ground floor layout may limit some buyers
Good fit for: Ideal for buyers looking for a renovation project and investment potential.
Lifestyle scores
- Beach
- 50
- Walkable
- 65
- Remote work
- 60
- Family
- 70
- Retirement
- 60
- Airport access
- 70
- Investment
- 80
- Luxury
- 50
- Value
- 60
About this place
Discover this fantastic investment opportunity in the sought-after area of Son Espanyolet. This charming ground floor house is currently in need of renovation and is priced to include both the existing property and an approved renovation license.
The project is set to transform the small house into a stunning two-storey residence, boasting a delightful garden, terrace, swimming pool, and a roof terrace. This is a unique chance to create a bespoke home tailored to your lifestyle in a vibrant neighbourhood.
Buying 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.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
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
