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Apartment in Cancelada, 2 bedrooms, 120 m² €490.000

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2
Bedrooms
2
Bathrooms
120 m²
Surface area
€
€4083
Price per m²
Apartment
Property type
Apartment in Cancelada, 2 bedrooms, 120 m² - Hoofdafbeelding
Apartment in Cancelada, 2 bedrooms, 120 m² - Afbeelding 1
Apartment in Cancelada, 2 bedrooms, 120 m² - Afbeelding 2
Apartment in Cancelada, 2 bedrooms, 120 m² - Afbeelding 3
+11 photos

Analysis

Price
€490.000
Own investment (30%)
€147.000
Buyer costs
€49.000
Estimated nightly rate
€126,46
Expected occupancy rate
69%
Gross rental p/m
€0000
Mortgage costs
-€914,67
Maintenance costs
-€100
Cleaning costs
-€291,67
Platform fees
-€398,11
Municipal taxes
-€116,62
Tax (19%)
-€158,27
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€126,46
High season
€167
Mid season
€123,92
Low season
€104

Price determining factors

  • Property condition: Upgraded interiors and amenities increase appeal.
  • Local market trends in 2027: Positive economic growth boosts property prices.
  • Property type: Popularity of apartments in coastal Spain.

Comparable accommodations

Rate Hotel / apartment Distance
€275,20 Casa Tetuan in old town Marbella, a manicured home 16.0 km
€186,80 Unique place with roof terrace in Old town 16.0 km
€118 Villacana Villa-holiday by the beach 0.9 km
€139,40 Townhouse – 3 floors Close to the beach! 2.0 km
€125,60 Modern Townhouse, roof terrace in Estepona OldTown 8.9 km
€139 Casa Relajante - big summer garden 10.7 km
€286,80 Beachfront BohoChic II Pool+DirectBeach+Parking 12.5 km
€131,40 House 5 minutes from the beach, Puerto Banús and 5 golf courses 8.4 km
€108,40 Marbella Townhouse near Top Golf Courses 9.8 km
€161,60 Luxury Oasis at Alcazaba Lagoon 16.2 km

Return & Value appreciation

Annual return

5.51%

5 Year Return

27.55%

10 Year Return

55.10%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained modern interior enhances value.
  • Local market trends in 2027: Growing demand for luxury coastal properties.
  • Property type: Apartments in high-demand urbanization attract investors.

Possible improvements

  • Renovate kitchen and bathrooms for modern appeal.
  • Add smart home features to increase convenience.
  • Enhance outdoor spaces with landscaping or additional furniture.

Description

Discover this stunning modern apartment in the desirable Cancelada area of Spain, offering the perfect blend of luxury, comfort, and convenience. Located in a new urbanization near the prestigious Los Flamingos community, this middle-floor apartment features 2 spacious bedrooms and 2 bathrooms, ideal for families or investors seeking a high-quality property in Spain. The open-plan living room seamlessly connects to an open kitchen, leading to a covered terrace with a south-facing garden that invites abundant sunlight. Situated between San Pedro and Estepona, this property is just minutes from beautiful beaches, vibrant beach bars, and a wide range of local amenities including supermarkets, restaurants, schools, and sports facilities. The renowned Los Flamingos Golf Resort, home to the luxurious Villa Padierna Hotel and three golf courses, is also nearby, appealing to golf enthusiasts. The property includes a garage and storage room for added convenience. This secure urbanization offers exclusive amenities such as an adult swimming pool, a children's pool, and a heated rooftop pool with a lounge area. Surrounded by meticulously landscaped gardens, the community boasts two swimming pools, including a beach-style pool, and a stylish rooftop lounge with Balinese beds, providing panoramic views of Marbella’s La Concha Mountain and the Mediterranean Sea. Whether seeking a primary residence, holiday home, or investment property, this Cancelada apartment in Spain presents an exceptional opportunity to enjoy luxurious living in an idyllic coastal setting.

Location

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