What Happens if You Win the Villa in Mallorca?

January can be a difficult month for many of us. We often struggle with post-Christmas blues, cold weather, and the anticipation of spring sunshine. However, for one fortunate participant in the Omaze Million Pound House Draw, the wait for sunshine won’t be too long. This winner will be able to escape to their new £3,000,000 holiday home in Mallorca.

This luxurious villa has four bedrooms, four bathrooms, a heated pool, a pétanque court, and beautiful gardens. It’s the perfect home away from home; the winner will be free to decide what to do with it. They can use it as a vacation spot, rent it for long-term stays, or sell it for a profit.

If the winner decides to spend their holidays there, they won’t have to worry about transfer taxes or mortgage payments. The villa is already furnished with £140,000 worth of hand-picked pieces. The prize comes with £250,000 in cash to cover running costs and maintenance.

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The estimated monthly running cost of the property is £3,500, which includes electricity, gardening, water, pool care, rubbish disposal, and Spanish property tax. UK residents can stay in Spain for 90 days every 180 days as of November 2023. This means that while you can’t live here for 360 days a year, you can still enjoy a lovely holiday with your loved ones.

Suppose the winner rents the villa for longer than one month. In that case, they can earn between £3,000 and £3,500 monthly. Unfortunately, short-term holiday rentals are currently not possible due to Spanish regulations.

If neither holidaying nor renting is appealing, the winner can sell the villa for cash. This will give them financial independence, a nest egg for their family, or the opportunity to splurge on themselves or others. Whatever decision is made with this stunning villa, there is no wrong choice.

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It’s worth noting that by entering the Mallorca Superdraw, participants will also be supporting Alzheimer’s Research UK. Clinical research will be boosted, and progress towards a cure for dementia will be accelerated.

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