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3
Bedrooms
2
Bathrooms
124 m²
Surface area
€
€3556
Price per m²
Apartment
Property type
+15 photos
Analysis
Price
€441.000
Own investment (30%)
€132.300
30% down payment of purchase price
Buyer costs
€44.100
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
-€823,20
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
-€106,21
Municipal taxes for Cancelada
Tax
(19%)
-€272,25
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, golf courses, and luxury hotels.
- High demand for holiday and second homes in the area.
- Limited supply of high-end apartments in prime locations.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 19.0 km |
| €185 | Entire House with Terrace in Marbella | 12.1 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 7.3 km |
| €175 | Chic 3BR Townhouse on the Beach + Pool + Parking | 1.3 km |
| €140,40 | TOWNHOUSE Old Town Marbella Large Rooftop Terr! A | 15.8 km |
| €281,20 | Ocean Front Villa w/Private Pool | 1.3 km |
| €421 | Calm Villa · Private Infinity Pool | 17.1 km |
| €159,80 | Lucia's home, beach and mountains. | 19.7 km |
| €294,40 | Villa with pool near the beach for families | 5.5 km |
| €182,40 | House in Marbella's Old Town, 100m from the Beach☆ | 16.2 km |
Return & Value appreciation
Annual return
10.53%
5 Year Return
52.65%
10 Year Return
105.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained modern apartments tend to appreciate steadily.
- Local market trends in 2027: The Costa del Sol region is expected to continue its popularity, boosting property values.
- Property type: Apartments with luxury features and sea views are highly desirable.
- Economic outlook in 2027: Spain's economy is projected to grow moderately, supporting real estate appreciation.
- Demographic developments: Increasing demand from expatriates and retirees will likely sustain demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities will enhance property values.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Upgrade interior finishes and appliances to modern standards.
- Add smart home technology for increased appeal.
- Enhance outdoor spaces with landscaping or private terraces.
- Improve energy efficiency to reduce utility costs.
Description
Discover luxurious new apartments in Cancelada, Spain, with prices ranging from €441,000 to €454,000. These exclusive properties feature 3 bedrooms, 2 to 3 bathrooms, and spacious living areas between 124m2 and 143m2. Located in the highly sought-after area of Estepona's New Golden Mile, this premier development offers a selection of modern duplexes, ground-floor villas with private gardens, and elegant penthouses with expansive solariums. Each residence includes a private garage and storage, with many boasting stunning Mediterranean sea views. The Cancelada area is renowned for its luxurious hotels like Kempinski Resort and Villa Padierna, making it a premier destination for discerning travelers and residents alike. Golf enthusiasts will appreciate proximity to top courses such as Flamingos Golf, El Campanario, and Atalaya Golf & Country Club. Horse riding lovers can enjoy the renowned Escuela de Arte Ecuestre Costa del Sol, approved by the British Horse Society. The development itself offers exceptional amenities, including a swimming pool perfect for enjoying over 320 days of sunshine, a fully equipped indoor gym, outdoor sports area, Zen zone, and access to the exclusive Cancelada Club House. Whether seeking a permanent residence or a holiday home, these Cancelada properties in Spain provide an ideal combination of comfort, luxury, and investment potential in one of the most desirable locations on the Costa del Sol.
Location
Nightly rates in the area
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