Centro · Palencia · Palencia

Bright 3-bed flat, Palencia centre, west-facing 3rd floor

€130,000 1,757 €/m²

74 m² flat with 3 bedrooms and 1 bathroom in Palencia's Centro district, a 5-minute walk from the city centre. West-facing, glazed gallery, pantry, terrace and lift; keys available from April 2026.

Estimated monthly account

Rental income+€429/month
Mortgage 80% · 25 years · Euribor 2.95%−€490/month
Costs IBI, service charge, allowance · estimated−€17/month
Net cash flow −€79/month

Estimated up-front investment €38,350 · 20% deposit + 9.5% purchase costs includes 8.0% transfer tax in Castilla y León; reduced rates may apply

On Inmoblia since 31 August 2026 · Published by Existir Slu

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Type
Flat
Built area
74 m²
Bedrooms
3
Bathrooms
1
Floor
3
Aspect
Exterior
Orientation
West
Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

  • Lift +3
  • Exterior-facing +4
  • Terrace +3

The advert also mentions:

  • Reduced mobility access
  • Trees
  • Fitted wardrobes
  • Pantry
  • Nearby bank branch
  • Nearby shopping centres
  • Glazed gallery
  • Mains gas
  • Nearby hospitals
  • Telephone line
  • Nearby bus stop
  • Sunny

Free text we could not normalise into a comparable attribute, so it does not score.

How these values score

Municipal momentum

Where the local market is heading.

Rent price index

INE · 2011 base = 100 · yearly

+2.6% interanual
115.1 20112014201820212024 100.9 · 2011100.9 · 2011101.1 · 2012101.1 · 2012100.2 · 2013100.2 · 2013100 · 2014100 · 2014100 · 2015100 · 2015101.9 · 2016101.9 · 2016103.2 · 2017103.2 · 2017104.8 · 2018104.8 · 2018107 · 2019107 · 2019107.8 · 2020107.8 · 2020109.2 · 2021109.2 · 2021110.6 · 2022110.6 · 2022112.2 · 2023112.2 · 2023115.1 · 2024115.1 · 2024

Housing transactions

MIVAU · deals per year

+10.0% interanual
1,168 20112015201820222025 464 · 2011464 · 2011528 · 2012528 · 2012370 · 2013370 · 2013557 · 2014557 · 2014540 · 2015540 · 2015649 · 2016649 · 2016768 · 2017768 · 2017784 · 2018784 · 2018806 · 2019806 · 2019628 · 2020628 · 2020931 · 2021931 · 2021989 · 2022989 · 2022859 · 2023859 · 20231,062 · 20241,062 · 20241,168 · 20251,168 · 2025

Investment guide for Palencia

Municipal demand

The structural depth of demand in the area.

4.4 yearsPurchase affordability
median 8 years years of household income to pay for the home (€29,387/year)
18%Rent burden
median 33% annual rent as a share of household income · healthy below 30%
25.2 yearsPrice / Rent (PER)
median 28.3 years years of rent to pay off the purchase · lower is cheaper relative to its rent
+1.0%Rent trajectory
0 = flat average annual growth of the municipal rent index (INE)
9%Unemployment rate (approx.)
median 10% unemployed over unemployed + social security contributors (a proxy comparable across municipalities)
+14.1‰Net migration
median 11.9‰ arrivals minus departures from abroad per 1,000 residents · a growing population sustains demand

Registered unemployment

SEPE · yearly average

−1.2% interanual
3,352 20192021202320242026 4,835 · 20194,835 · 20195,524 · 20205,524 · 20205,308 · 20215,308 · 20214,299 · 20224,299 · 20223,794 · 20233,794 · 20233,466 · 20243,466 · 20243,391 · 20253,391 · 20253,352 · 20263,352 · 2026

Average gross income

AEAT · annual tax return

+3.5% interanual
€29,387 20132016201820212023 €24,255 · 2013€24,255 · 2013€24,220 · 2014€24,220 · 2014€24,481 · 2015€24,481 · 2015€25,013 · 2016€25,013 · 2016€25,324 · 2017€25,324 · 2017€25,925 · 2018€25,925 · 2018€26,719 · 2019€26,719 · 2019€26,441 · 2020€26,441 · 2020€27,285 · 2021€27,285 · 2021€28,384 · 2022€28,384 · 2022€29,387 · 2023€29,387 · 2023

Registered population

INE · yearly population register

0.0% interanual
77,466 20112014201720202025 81,552 · 201181,552 · 201181,552 · 201181,552 · 201181,552 · 201181,552 · 201181,552 · 201181,552 · 201181,198 · 201281,198 · 201281,198 · 201281,198 · 201281,198 · 201281,198 · 201281,198 · 201281,198 · 201280,649 · 201380,649 · 201380,649 · 201380,649 · 201380,649 · 201380,649 · 201380,649 · 201380,649 · 201380,178 · 201480,178 · 201480,178 · 201480,178 · 201480,178 · 201480,178 · 201480,178 · 201480,178 · 201479,595 · 201579,595 · 201579,595 · 201579,595 · 201579,595 · 201579,595 · 201579,595 · 201579,595 · 201579,137 · 201679,137 · 201679,137 · 201679,137 · 201679,137 · 201679,137 · 201679,137 · 201679,137 · 201678,892 · 201778,892 · 201778,892 · 201778,892 · 201778,892 · 201778,892 · 201778,892 · 201778,892 · 201778,629 · 201878,629 · 201878,629 · 201878,629 · 201878,629 · 201878,629 · 201878,629 · 201878,629 · 201878,412 · 201978,412 · 201978,412 · 201978,412 · 201978,412 · 201978,412 · 201978,412 · 201978,412 · 201978,144 · 202078,144 · 202078,144 · 202078,144 · 202078,144 · 202078,144 · 202078,144 · 202078,144 · 202077,090 · 202177,090 · 202177,090 · 202177,090 · 202177,090 · 202177,090 · 202177,090 · 202177,090 · 202176,302 · 202276,302 · 202276,302 · 202276,302 · 202276,331 · 202376,331 · 202376,331 · 202376,331 · 202376,738 · 202476,738 · 202476,738 · 202476,738 · 202477,466 · 202577,466 · 202577,466 · 202577,466 · 2025

Net international migration

INE · immigration − emigration · yearly

+33.0% interanual
1,091 2021202220232024 134 · 2021134 · 2021955 · 2022955 · 2022820 · 2023820 · 20231,091 · 20241,091 · 2024

Recorded offences

Ministry of the Interior · cumulative

+96.8% interanual
6,141 202420252026 548 · 2024548 · 20241,180 · 20241,180 · 20241,801 · 20241,801 · 20242,500 · 20242,500 · 20243,121 · 20253,121 · 20253,834 · 20253,834 · 20254,579 · 20254,579 · 20255,388 · 20255,388 · 20256,141 · 20266,141 · 2026

Recorded offences (municipalities over 20,000 residents only, from 2024) are territorial context: they do not label an area “safe” or “unsafe”, nor do they measure tenant risk.

Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

  • Possession: that it is vacant, with no squatters and no tenants on a live contract.
  • If it is let, the current rent, the type of contract and its expiry date.
  • The real state of repair and services (possible hidden renovation work) and a valid energy certificate.
  • The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
  • The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
  • Charges, mortgages, seizures or easements in the Land Registry extract.