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3 bedroom country house for sale, S’Arraco Andratx

February 15, 2010 // Posted in Country houses for sale in Mallorca, Price reductions and bargains (Tags: , , , , , , , ) |  No Comments

This country house is currently undergoing refurbishment to offer a high standard of accommodation. S’Arraco is a village just outside of Andratx – one of the prime southwest Mallorca locations.
3 bedroom country house for sale andratx mallorca

Ref: 14106

Location: Andratx, Mallorca

Type of property: Country house

Bedrooms: 3

Bathrooms: 4

Plot Size: 6,500 m2

Living space: 220 m2

Price: 990,000 Euros

Currently in the final stages of a thorough refurbishment, this country house is for sale in S’Arraco, a pretty traditional Mallorcan village just outside of Andratx town. This is an ideal location for anyone looking for a typical Mallorcan country environment but within easy reach of the more cosmopolitan surrounds of Andratx and Puerto Andratx. All of the resorts and beaches of the southwest coast are within easy reach and Palma is just 25 to 30 minutes by car. S’Arraco is a good location for holiday homes and for permanent residences.

The property is set in its own woodland on a plot of 6,500 m2 and has beautiful panoramic views of the valley and mountains beyond. The main house is 150 m2 and offers: large entrance hall, kitchen-dining room (with pre-installation for the kitchen), lounge and guest bathroom, two large en suite bedrooms. In addition there is a a separate 1 bed, 1 bath guest house of approximately 50 m2, and a separate office of approximately 20 m2. Outside there is an attractive pool with terraces.

Overall the property is being finished and fitted to a high standard including: solar energy, under floor heating, double garage, pre-installation for the kitchen, automatic irrigation system. video surveillance system.

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New build 2 bed apartments reduced to sell, Cala d’Or Southeast Mallorca

February 14, 2010 // Posted in Apartments for sale in Mallorca, Price reductions and bargains (Tags: , , , , , , , ) |  1 Comment

Final units in new build apartment development in Cala d’Or on the Mallorca’s southeast coast. Further reduced “to clear” from Euro 215,000 to Euro 209,000. NB. These properties have a recent bank valuation of 275,000.
Large community pool

Ref: CAD1270

Location: Cala d’Or Southeast Mallorca

Type of property: Apartment

Bedrooms: 2

Bathrooms: 2

Living space: 86 m2

Price: 209,000 Euros

This is a good quality development in Cala d’Or on the southeast coast of Mallorca. Cala d’Or is one of the main resorts in Mallorca. It offers a super yachting marina, plenty of restaurants and bars, and several excellent beaches set in the clear water “calas” of this stretch of coastline. Cala d’Or has been hit more that some parts of the island by the recession, but the town is firmly in the well-established sector of the market, particularly for 2 or 3 bed holiday rental properties. Therefore there are some good opportunities there at present, including these properties that have been reduced well below their recent bank valuations.

The property for sale is a two bed apartment in a newly developed community with large and open community gardens plus a super community pool. The location of this community is excellent being within easy reach of the town and the beaches. . There are two flats on offer, both with large front gardens. There is also a first floor apartment available. The properties are 2 bed/2 bath and include fitted wardrobes, fitted kitchen and an open-plan lounge/dining room with fireplace. Price now start at Euro 209,000.

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Are bank valuations relevant to the real value of properties in Mallorca?

February 14, 2010 // Posted in Mallorca property finders, Mallorca property market, Price reductions and bargains, Property finance in Mallorca (Tags: , , , , , ) |  No Comments

You may have seen Mallorca properties advertised at asking prices below their “official bank valuations”. This sounds like a tempting indication that the price has been set at a “bargain” level. Indeed this is sometimes the case, but not always …

The question as to whether the bank valuation is of use relies largely on how recently it was done.

  • Property prices have obviously changed in the last two years. An old valuation will not take this into account.
  • Spanish banks are now more cautious in valuing properties. Valuations in excess of market value were commonplace whereas now under-valuations are the norm.
  • Valuations are an indication of the property’s value. In the UK you would make your own assessment of value by taking advice and researching the area. You should approach it in the same way in Mallorca.
  • Similarly, valuations do not assess the investment potential of a property. They are concerned with ensuring the banks lending is safely covered by its current value. Assessing the future investment potential requires more research and judgment.

So overall, the older a valuation is the less relevance it has and valuations going back before the summer of 2008 should be largely disregarded. Recent valuations are a useful guide as to current value but in order to assess the future investment potential you need to take advice and research the locality of the property you are considering.

Part of our role is to give our clients objective advice on value and investment potential. Contact us for further information.

3 bed country house for sale, Andratx

February 13, 2010 // Posted in Country houses for sale in Mallorca (Tags: , , , , , ) |  No Comments

Country house for sale in Puerto Andratx

Ref: 14213

Location: Andratx, Southwest Mallorca

Type of property: Country house

Bedrooms: 3

Bathrooms: 4

Plot Size: 450 m2

Living space: 240 m2

Price: 695,000 Euros

The property for sale is a country cottage set amidst the beautiful countryside of Sa Coma, Andratx. The area is one of Mallorca’s prime locations with stunning mountain views and plenty to offer including Puerto Andratx close-by. The resorts and beaches of the southwest coast of Mallorca are within easy reach and Palma de Mallorca and the airport are just 25 / 30 minutes or so by car.

The constructed living space totals approximately 240 m2. There is a main house with two double bedrooms both with dressing area and en-suite shower rooms. The main house also has a Mallorcan style kitchen, large dining-sitting room, attractive lounge plus a downstairs guest bathroom.

There is then a separate self-contained 1 bedroom, 1 bathroom casita with lounge and kitchenette. Outside there is a very pretty and private garden, and a roof terrace offering stunning views of the surrounding mountains and countryside. There is parking for 2 cars and it would be possible to build a pool.

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Four bedroom villa for sale in Puerto Pollensa at low asking price

February 12, 2010 // Posted in Price reductions and bargains, Villas for sale in Mallorca (Tags: , , , , , , ) |  No Comments

This villa is for sale in Gotmar in Puerto Pollensa. The town is within easy reach as are the seafront and beach. Villas in this area usually sell for 1 million Euros upward. An outstanding holiday home / rental investment opportunity.
Villa for sale Puerto Pollensa Mallorca

Ref: PTP4622

Location: Puerto Pollensa, North Mallorca

Type of property: Villa

Bedrooms: 4

Bathrooms: 3

Plot Size: 1,000 m2

Living space: 270 m2

Price: 975,000 Euros

Villa property for sale just 750 metres or so from the beach, town centre and yacht club in Puerto Pollensa, the most popular location for holiday homes in the north of Mallorca. This is one of the most beautiful parts of Mallorca with some great beaches and beautiful mountain scenery. There is plenty to do by way of leisure and sporting activities during the day and restaurants / bars in the evening. Pollensa Old Town is a few minutes drive away as is Alcudia and the capital of Mallorca, Palma de Mallorca and the airport are an easy 45 minutes or so by car.

The villa is located in Gotmar which is mostly made up of villas with a few apartment developments. This is one of the prime locations for villas that are within easy walking distance of the town and beach. The property is surrounded by both open and covered terraces at the front with landscaped gardens to the rear. It has excellent views over the town to the mountains.

The accommodation of 270 m2 is laid out as follows. Ground floor comprising spacious lounge, kitchen / dining room, TV room and shower room. All rooms have access to the terraces, outside dining area and heated swimming pool. First floor with two en suite double bedrooms, a further double bedroom and twin bedroom, which share a complete bathroom. All bedrooms have a terrace. There is also a utility room on this level with washer and dryer.

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