AtalayaAtalaya

House in Palencia

Calle Mallorca

Palencia • Ref: #6873DA89

€78,000-43% vs area market
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Size

105 m²

Price / m²

€743

Rooms

1

OccupancyVacant
59
Calle Mallorca — Palencia
Photo: Solvia
1 / 10

AI visual analysis

Automated analysis · physical condition

10 of 10 photos analyzed

Physical condition

Needs renovation

Photo quality

Good

Model observations

  • •Fachada: Exterior de ladrillo caravista en estado aceptable con puerta y rejas de seguridad instaladas.
  • •Bano: Azulejos antiguos con piezas faltantes, lavabo desmantelado y restos de humedad o adhesivo en paredes.
  • •Dormitorio: Presencia de grietas pronunciadas en las paredes, humedades por capilaridad en la parte inferior y pintura deteriorada.
  • •Dormitorio: Ventanal tapiado con perfilería metálica y paramentos con desconchones severos que requieren saneamiento completo.

Description

Edificio de una planta sobre rasante situado en la ciudad de Palencia , provincia de Palencia. La vivienda tiene una superficie de 105 m2 según catastro. Presenta una distribución de salón comedor, cocina, cuatro dormitorios y dos baños. No dispone de ascensor. El entorno cuenta con las infraestructuras urbanas básicas (alumbrado público, suministro eléctrico, red de saneamiento, abastecimiento de agua potable y encintado de aceras), las cuales aparentemente se encuentran en buen estado de conservación. Además, dispone de equipamientos suficientes: comercial, deportivo, escolar, asistencial, religioso, lúdico y zonas verdes. Las comunicaciones del entorno con el resto de la población son suficientes para las necesidades de la zona.

Characteristics

Bathrooms

1

Elevator

No

Year built

1945

Pool

No

Air conditioning

No

Heating

No

Garden

Yes

Energy rating

E

Legal & cadastral analysis

expand_more

Cadastral data

Cadastral ref.
3137512UM7533N0001BZ
Cadastral area
105 m²
Year built
1945
Cadastral use
Residential

How to buy this asset from the bank

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  1. 1Contact the servicer from the official listing (or from Atalaya) and ask for availability and a viewing.
  2. 2Visit the property and verify real condition, possession and access. Ask for the habitability certificate and the energy certificate.
  3. 3Request a nota simple from the Land Registry (~€10) and the community-debt certificate.
  4. 4Submit your offer in writing. Servicers take it to committee: expect days to weeks. Offering below asking is standard practice.
  5. 5Once accepted: deposit contract (require 'free of occupants and belongings'), financing and deed before a notary.

handshakeThis asset has been listed for 958 days. In bank stock, high age usually means real negotiation margin: offers 10-20% below asking get considered.

Minimum due diligence before offering

  • check_box_outline_blankRegistry nota simple: ownership, charges, liens (registradores.org, ~€10).
  • check_box_outline_blankCommunity-debt certificate and approved special levies.
  • check_box_outline_blankIBI and waste tax: outstanding bills at the town hall.
  • check_box_outline_blankOn-site possession check: is it really vacant? Are water/power supplies active?
  • check_box_outline_blankHabitability certificate and licences (essential for mortgage and utilities).

Debts that transfer with the property

Community debt for the current year plus the previous 3 follows the property (art. 9.1.e LPH), as do unexpired IBI and approved levies. Always request the certificates before signing: it's the classic €3,000-10,000 surprise in bank purchases.

Financing

Many servicers finance their own stock at aggressive terms (high LTV) through the parent bank — ask on first contact. Note: a property without a functional kitchen or bathroom may not be mortgageable as-is, and the appraisal can come in below price on heavily distressed assets.

General informative content, not legal or investment advice. Verify every point with your advisor before committing.

Alpha Rating

BUY

59/100

Confidence: High

Score breakdown

Zone delta
25/30
Possession
20/20
Physical state
7/25
Legal liens
10/15
Zone liquidity
0/15

Vivienda de 105.00m² en Palencia a 743€/m² (mediana zona 1307€/m², delta -43.1%). Requiere Reforma Integral. Posesión libre. Zona muy_baja, más de 2 años sin vender.

Strengths

  • +Descuento del -43.1% frente a la mediana zonal (1307€/m²)
  • +El banco confirma posesión legal: vivienda libre para entregar

Risks

  • −948 días en mercado sin venderse

Case file

Operation pipeline

You are not pursuing this asset yet

Start a case when you want to turn an opportunity into a real operation: contact, visit, documents, due diligence and offer.

location_on

Location

Palencia, Palencia

Price analysis

Two anchors: real free-market (Idealista / MITMA) and the median of other bank-owned assets in the same area. The first tells you whether REO is worth entering at all; the second, which REO listing is the best deal.

vs free market

-43.1%Strong opportunity
Scope
Municipality (MITMA)
Zone median
€1,307 /m²
This asset
€743 /m²
Samples
207
Period
Q4-2025
Source
MITMA

vs other bank assets

-9.7%In line
Scope
City
Zone median
€823 /m²
This asset
€743 /m²
Samples
13
Source
Atalaya (bank inventory)

Estimated acquisition costs

Asset price€78,000
Transfer tax (ITP) 8% — Castilla y León€6,240
Notary (est.)€600
Land Registry (est.)€400
Admin agency (est.)€300
Estimated total investment€85,540

Indicative estimate for a resale purchase at the general ITP rate. Auctions, new builds or reduced rates are taxed differently. The refurbishment figure is an indicative band based on the AI-detected condition. Verify with your advisor.

Listing intel

SourceSolvia
On the market sinceFeb 2024 (958 days)
On Atalaya since13 Apr 2026
Last updated9 Oct 2026
See all bank-owned properties in Palencia

Aggregated data from public sources and servicer Solvia. Atalaya is an informational analytics platform; we are not a real estate agent and do not intermediate in transactions. To act on an offer, contact the original source directly. View original listing