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.

6.1%

Net Yield (after tax, all-in)

indicative range 5.2–6.9%

6.1%

Managed ROI (after tax)

14.0%

Gross Yield

71%

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: €116,515/yr
Average Daily Rate: €484
-12.0% vs area baselineNo pool (-12%)
Net Yield (after tax): 6.1%
Payback Period: 16.5 years
5-yr Capital Value: €844,531
10-yr Capital Value: €979,043
Brixfox Score: 72.4 / 100
Comparable Properties: 7
Data Confidence: 69%
Search Radius: 3 km

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

AI Investment Summary

B+ investment in Ciutadella (Menorca). Score 72.4/100. Net yield 6.1% after tax | Occupancy 71% | ADR $484 | No STR licence on record

Score Breakdown

ROI
21.12
Visual Appeal
12.2
Ownership Security
13
Location
8.64
Land & Space
5.34
Rental Demand
7.12
Payback Speed
4
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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Terraced house in Casa en casco antiguo, Ciutadella, Ciutadella de Menorca

Ciutadella · Balearic Islands · Ref BF-6397Source · Fincas Seminari · listed 17 Jun 2026
Asking price
$828,971
View original listing
Bedrooms
4
Bathrooms
5
Built area
167 m²
Brixfox Score 72 · B+
Modelled from Airbnb listings we track across Ciutadella — 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

Ciutadella

Balearic Islands, Approximate area

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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.

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Customize your projections
Nightly Rate (ADR)
$551/night
50% ($275)Brixfox estimate($551/night)200% ($1,101)
Occupancy
71%
10%Brixfox estimate(71%)100%

Short-Term Rental

Indicative
Yearly income
$74,247
Likely range $44,548 – $103,946
Airbnb data$551/night · 71% occupancy
Rental income
$551/night · 71% occ.
$132,584
Running costs (20%)
Utilities, cleaning, maintenance
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Income tax (24%)
Non-EU IRNR on gross rent
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Net income
••% ROI
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Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Ciutadella.

$6.3M$4.7M$3.1M$1.6M$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 10: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$886K
+22%
Rental Income
+$346K
Total Position
$1.2M
+69%
11.1%/yr
Year 10
Capital Value
$1.1M
+48%
Rental Income
+$748K
Total Position
$1.8M
+151%
9.6%/yr
Year 20
Capital Value
$1.6M
+119%
Rental Income
+$1.8M
Total Position
$3.3M
+360%
7.9%/yr
Year 30
Capital Value
$2.4M
+224%
Rental Income
+$3.1M
Total Position
$5.5M
+650%
6.9%/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.