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3
Bedrooms
2
Bathrooms
124 m²
Surface area
€
€3137
Price per m²
Apartment
Property type
+22 photos
Analysis
Price
€389.000
Own investment (30%)
€116.700
30% down payment of purchase price
Buyer costs
€38.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€164,03
Expected occupancy rate
66%
Gross rental p/m
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€0000
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Mortgage costs
-€726,13
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€103,33
{% trans 'Estimated annual maintenance costs (10€/m²). This is the
rule of thumb for existing and older homes. For new construction,
this is usually lower.' %}
Cleaning costs
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€493,94
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€95,16
Municipal taxes for Bel Air
Tax
(19%)
-€292,79
This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.
Earned back in
Time to earn back own investment + buyer costs.
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Log inNightly Rates
Estimated nightly rate
€164,03
High season
€220
Mid season
€160,58
Low season
€130
Price determining factors
- Proximity to beaches, amenities, and international schools increases desirability.
- Modern renovation and spacious layout add to property value.
- Panoramic views and outdoor terraces enhance appeal.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
12.84%
5 Year Return
64.20%
10 Year Return
128.40%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property has been fully renovated with high-quality finishes, which enhances its value and attractiveness to buyers and renters.
- Local market trends in 2027: The Costa del Sol region is expected to continue its popularity among international buyers and tourists, supporting property appreciation.
- Property type: As a penthouse with panoramic views and modern amenities, it is a highly desirable property type that tends to appreciate well.
- Economic outlook in 2027: Spain's economy is projected to stabilize and grow modestly, supporting real estate investment and rental markets.
- Demographic developments: Increasing expatriate and retiree populations in the Costa del Sol are likely to sustain demand for high-end properties.
- Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and amenities in Bel Air and nearby areas will boost property values.
- Historical WOZ value trends: Past trends show steady appreciation in property values in the region, indicating a positive outlook.
Possible improvements
- Adding a modern kitchen or upgrading appliances.
- Installing smart home technology.
- Enhancing outdoor spaces with landscaping or additional features.
- Improving energy efficiency with solar panels or better insulation.
Description
Discover this stunning 3-bedroom penthouse in Bel Air, Spain, offering modern comfort and panoramic views on the Costa del Sol. Fully renovated with high-quality finishes, this Bel Air penthouse in Estepona features a spacious open-plan living area seamlessly connected to a large terrace, perfect for enjoying mountain vistas and partial sea views. The property boasts three generous bedrooms and two contemporary bathrooms, all outfitted with stylish fixtures and appliances. Located on the second floor of a peaceful residential complex without a lift, the Bel Air apartment provides access to lush communal gardens and inviting swimming pools. Outdoor parking is conveniently available nearby. Just a 20-25 minute walk or a 5-minute drive from the beach, this prime location in Bel Air, Spain, offers easy access to supermarkets, restaurants, international schools, and transportation hubs. Whether you're seeking a permanent residence, a holiday retreat, or a lucrative rental investment, this Bel Air penthouse combines modern renovation, a spacious layout, and breathtaking views, making it an exceptional opportunity on the Costa del Sol real estate market. Experience the relaxed lifestyle of Bel Air, renowned for its tranquil atmosphere and proximity to Estepona and Marbella, with this turnkey property ready for immediate move-in.
Location
Nightly rates in the area
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