penthouses, 3 bed, in Maspalomas, Canary Islands — Serena Grove6.2% Gross rental yield

Serena Grove

📍 Maspalomas, Las Palmas · Canary Islands
€855,000
€5,091/m²

About this home

Serena Grove in Maspalomas, Las Palmas. 3-bed penthouses, 168 m², 6.2% gross yield. New-build property by the sea in Spain — €855,000.

Specifications

Bedrooms
3
Bathrooms
2
Floor area
168 m²
Type
Penthouse
Status
Under construction
Completion
2026 Q2
Nearest airport
LPA
Price per m²
€5,091/m²

Features

Near golfStorage roomSea viewsGated communityRooftop solarium

About the location

This new-build is in Maspalomas, Las Palmas (Canary Islands). The nearest airport is LPA, convenient for lettings and personal visits. Strong local infrastructure, beaches and tourist demand support steady occupancy.

Buying in Maspalomas is southern Gran Canaria, with its famous dunes, lighthouse and one of Spain’s steadiest resort markets. Among 6 new-builds you will find many villas and sea-view homes.

The famous dunes (a nature reserve), long beaches, shopping centres, golf courses and Gran Canaria airport ~30 minutes away. Meloneras offers the newest, most premium seafront housing.

New-build in Maspalomas

Investment yield

Gross rental yield
6.2%

Estimated gross rental yield is 6.2%. This is an off-plan unit: pay in stages during construction, completion 2026 Q2. Buy at today’s price and complete at market value.

Investment analysis

Worked through on this property’s real numbers: price €855,000, estimated gross yield 6.2%.

35% deposit
€299,250
Mortgage (65%)
€555,750
Gross rental income per year
€53,010
Net per year (estimate)
€37,107

Net estimate: ~30% deducted from gross rent for non-resident tax, vacancy and management. A guide, not a guarantee.

Mortgage for this property

Pre-filled with a €855,000 price and a 35% deposit. Adjust the inputs to your situation.

Loan €555,750 with a €299,250 deposit.

Monthly payment
€2,782
Loan amount€555,750
Down payment€299,250
Total interest€278,915
Total (deposit + payments)€1,133,915

Indicative. Excludes bank arrangement fees, valuation and mandatory insurance. Confirm terms with the bank.

Purchase costs

On top of the price, budget 10–14% for taxes and fees: VAT or transfer tax, notary, registry, lawyer. For €855,000 that is roughly €85,500–€119,700.

Get an exact figure in the costs calculator

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