Detached house in Calle Cocotero, 1, Siete Palmas, Las Palmas de Gran Canaria
Detached house in Calle Cocotero, 1, Siete Palmas, Las Palmas de Gran Canaria — image 2Detached house in Calle Cocotero, 1, Siete Palmas, Las Palmas de Gran Canaria — image 3Detached house in Calle Cocotero, 1, Siete Palmas, Las Palmas de Gran Canaria — image 4Detached house in Calle Cocotero, 1, Siete Palmas, Las Palmas de Gran Canaria — image 5
Grade Dvillamid-rangeLicence on register · VV-35-1-0018788

Detached house in Calle Cocotero, 1, Siete Palmas, Las Palmas de Gran Canaria

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

€470,000

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.

0.3%

Net Yield (after tax, all-in)

indicative range 0.3–0.3%

0.3%

Managed ROI (after tax)

3.4%

Gross Yield

39%

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: €20,159/yr
Average Daily Rate: €152
Net Yield (after tax): 0.3%
Payback Period: 349.2 years
5-yr Capital Value: €602,823
10-yr Capital Value: €698,837
Brixfox Score: 40.5 / 100
Comparable Properties: 5
Data Confidence: 73%
Search Radius: 2 km

True Investment Cost

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

€591,864

+25.9% over asking

Asking price€470,000
itp€33,800
legal€5,564
furnishing€30,000
notary registry€2,500
All-in investment€591,864

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: 3
Bathrooms: 4
Building: 446 m²
Land: 127 m²
Style: modern
Condition: new-build
Energy Certificate: C
city

Licence found on register at this location

A VV licence (VV-35-1-0018788) is on the Registro General Turístico de Canarias (viviendas vacacionales) within 50 m of this villa’s exact pin, with a registered capacity consistent with its bedrooms.

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

perforated facade designrooftop solariumintegrated terrace

AI Investment Summary

D investment in Las Palmas de Gran Canaria (Gran Canaria). Score 40.5/100. Net yield 0.3% after tax | Occupancy 39% | ADR $152 | STR licence on record

Score Breakdown

ROI
1.16
Visual Appeal
12.8
Ownership Security
13
Location
8.4
Land & Space
2.41
Rental Demand
3.91
Payback Speed
0
STR Suitability
4

Description

Cocotero Street – Las Palmas de Gran Canaria A unique opportunity to acquire a single-family terraced house with a contemporary design, currently in an advanced stage of construction (approx. 70%), located in a quiet residential area with open sea views. The structure and volumetry are completed, allowing for a clear

Location

📍 28.1171°, -15.4490°

Las Palmas de Gran Canaria, Las Palmas, Spain

Listed by REMAX LANZAGORTA via Idealista.com

Price
$534,820
3-bedroom freehold villa in Las Palmas de Gran Canaria — photo 1 of 5
REMAX LANZAGORTA
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3-bedroom freehold villa in Las Palmas de Gran Canaria — photo 2 of 5
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3-bedroom freehold villa in Las Palmas de Gran Canaria — photo 3 of 5
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3-bedroom freehold villa in Las Palmas de Gran Canaria — photo 5 of 5
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Detached house in Calle Cocotero, 1, Siete Palmas, Las Palmas de Gran Canaria

Las Palmas de Gran Canaria · Canary Islands · Ref BF-10260Source · REMAX LANZAGORTA · listed 20 Jun 2026
Asking price
$534,820
Bedrooms
3
Bathrooms
4
Built area
446 m²
Land
127 m²
Brixfox Score 41 · D
Modelled from Airbnb listings we track across Las Palmas de Gran Canaria — live calendar data. Projections are estimates, not financial advice.

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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

Las Palmas de Gran Canaria

Canary Islands, Approximate area

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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.

Licence found on register at this location

medium confidence

A VV licence (VV-35-1-0018788) is on the Registro General Turístico de Canarias (viviendas vacacionales) within 50 m of this villa’s exact pin, with a registered capacity consistent with its bedrooms.

Source: Registro General Turístico de Canarias (viviendas vacacionales) · register read 30 Oct 2026 · check the register →

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.

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.

Property Underwriting Report not available here

This listing's itemised cost stack isn't available right now, so the page shows an approximate model. The report only underwrites the stored, itemised figures; it returns when the listing is re-scored.

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.

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Customize your projections
Nightly Rate (ADR)
$173/night
50% ($87)Brixfox estimate($173/night)200% ($347)
Occupancy
39%
10%Brixfox estimate(39%)100%

Short-Term Rental

Indicative
Yearly income
$12,846
Likely range $7,707 – $17,985
Airbnb data$173/night · 39% occupancy
Rental income
$173/night · 39% occ.
$22,939
Running costs (20%)
Utilities, cleaning, maintenance
••••
Income tax (24%)
Non-EU IRNR on gross rent
••••
Net income
••% ROI
••••

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Las Palmas de Gran Canaria.

$2.4M$1.8M$1.2M$593K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $470K
Capital appreciation
Property value growing at +4%/yr based on Las Palmas de Gran Canaria 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 28: rental income alone has repaid the full purchase price.
2x return
Year 13: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$572K
+22%
Rental Income
+$60K
Total Position
$632K
+34%
6.1%/yr
Year 10
Capital Value
$696K
+48%
Rental Income
+$129K
Total Position
$825K
+76%
5.8%/yr
Year 20
Capital Value
$1.0M
+119%
Rental Income
+$303K
Total Position
$1.3M
+184%
5.4%/yr
Year 30
Capital Value
$1.5M
+224%
Rental Income
+$537K
Total Position
$2.1M
+339%
5.1%/yr

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Villa Scorecard

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Risks & What-If

What if occupancy changes?

Owner Managed scenario

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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.