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3
Bedrooms
3
Bathrooms
133 m²
Surface area
€
€8647
Price per m²
Apartment
Property type
+57 photos
Analysis
Price
€1.150.000
Own investment (30%)
€345.000
30% down payment of purchase price
Buyer costs
€115.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€174,05
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€2.146,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€110,83
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
-€516,17
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€216,15
Municipal taxes for Cancelada
Tax
(19%)
-€22,41
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
€174,05
High season
€231
Mid season
€170,17
Low season
€140
Price determining factors
- Prime location on the New Golden Mile.
- High-quality finishes and modern amenities.
- Expansive south-facing terrace with panoramic views.
- Proximity to beaches, shops, and restaurants.
- Access to luxury amenities like pools, spa, gym, and security.
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
0.25%
5 Year Return
1.25%
10 Year Return
2.50%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained high-end finishes and recent renovations support value growth.
- Local market trends in 2027: Continued demand for luxury properties in Costa del Sol, driven by international buyers.
- Property type: Luxury penthouse with premium features attracts high-net-worth individuals.
- Economic outlook in 2027: Stable economic growth in Spain and favorable currency exchange rates for international investors.
- Demographic developments: Increasing expatriate and retiree populations seeking luxury living.
- Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and connectivity enhance property appeal.
- Historical WOZ value trends: Consistent appreciation in property taxes indicating rising property values.
Possible improvements
- Adding smart home automation systems.
- Upgrading kitchen appliances and fixtures.
- Enhancing outdoor living spaces with additional features.
- Implementing energy-efficient upgrades to reduce utility costs.
- Personalizing interior decor to increase appeal for future buyers.
Description
Discover this stunning unfurnished resale penthouse in Cancelada, Spain, offering luxurious contemporary living on the prestigious New Golden Mile. Perfectly situated just 10 minutes from Marbella and Estepona, this property combines prime location with modern elegance. Featuring three bright bedrooms, two designer bathrooms plus a guest toilet, and an open-plan living area with a fully equipped high-end kitchen, this penthouse epitomizes comfort and style. Step outside onto an expansive 86 m² south-facing terrace with panoramic views of the sea and mountains—ideal for enjoying the Costa del Sol’s renowned outdoor lifestyle year-round. High-quality finishes include underfloor heating, advanced aerothermal climate control with individual room regulation, excellent insulation, two underground parking spaces, and a spacious storage room. Residents benefit from exceptional amenities, such as indoor and outdoor swimming pools, a spa and wellness center, a modern gym, paddle courts, coworking space, and 24-hour security. Located in a peaceful elevated area of Cancelada, close to beaches, promenades, shops, and restaurants, this penthouse is an ideal luxury residence or high-yield investment opportunity. This move-in-ready property combines light, space, and premium finishes to deliver the ultimate Costa del Sol lifestyle. Don’t miss this rare chance to own a premier property in Cancelada, Spain, on the sought-after New Golden Mile—an exceptional offering for discerning buyers and investors seeking the best of Spain’s Costa del Sol.
Location
Nightly rates in the area
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