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2
Bedrooms
1
Bathrooms
80 m²
Surface area
€
€4000
Price per m²
Apartment
Property type
+20 photos
Analysis
Price
€320.000
Own investment (30%)
€96.000
30% down payment of purchase price
Buyer costs
€32.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€66,84
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€597,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€66,67
{% 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
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€198,22
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€80,50
Municipal taxes for El Paraiso
Tax
(19%)
-€16,55
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
€66,84
High season
€91
Mid season
€65,08
Low season
€50
Price determining factors
- Property condition: Modernization can significantly increase value.
- Local market trends in 2027: Rising property prices driven by tourism and expatriate influx.
- Property type: High-demand penthouse units command premium prices.
- Economic outlook in 2027: Economic stability and growth support higher property prices.
- Demographic developments: Growing expatriate community increases demand.
- Infrastructure plans in 2027: Improved connectivity and amenities boost property appeal.
- Historical WOZ value trends: Consistent appreciation in property assessments.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €146,20 | Villa with sea views | 6.7 km |
| €75,33 | with fantastic views of the orange orchard! | 2.8 km |
| €112 | Luxury and Modern Penthouse + Roof Terrace with Sea View | 2.9 km |
| €96,40 | Rooftop Sea Views · Quiet Gated Community · Pools | 7.2 km |
| €94,80 | Apartment with Roof Terrace and Heated Pool | 0.4 km |
| €86,80 | Mar & Relax | 6.1 km |
| €89 | Design Chalet mit grosser Terrasse nah Strand | 3.5 km |
| €91 | Sunlit Bungalow with Private Garden | 5.0 km |
| €83,60 | Apartment La Siesta in la Torre for 4Pax (HHH) | 12.6 km |
| €232,80 | Romantic villa in a quiet area | 18.3 km |
Return & Value appreciation
Annual return
0.88%
5 Year Return
4.40%
10 Year Return
8.80%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property appears well-maintained but could benefit from modernization, which can increase ROI.
- Local market trends in 2027: The Costa del Sol region is expected to continue attracting international buyers and tourists, supporting property appreciation.
- Property type: As a penthouse apartment, it has high desirability and rental potential.
- Economic outlook in 2027: Spain's economy is projected to grow steadily, supporting real estate investments.
- Demographic developments: Increasing expatriate and retiree populations in Spain bolster demand for properties like this.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in El Paraiso are likely to enhance property values.
- Historical WOZ value trends: Past trends indicate steady growth in property values in the region.
Possible improvements
- Modernize the kitchen and bathroom fixtures.
- Enhance outdoor living spaces or balcony areas.
- Upgrade flooring or paint walls for a fresher look.
- Install energy-efficient windows or appliances.
- Improve lighting and electrical fixtures.
Description
Discover this stunning penthouse apartment in El Paraiso, Spain, offering panoramic views of lush communal gardens and a sparkling shared pool. Perfectly situated with a south-facing orientation, this property provides abundant natural light and a tranquil setting. The spacious penthouse features two bedrooms, including one with a built-in wardrobe, and a full bathroom that can be easily converted into two en-suite bathrooms, each with windows for natural ventilation and daylight. The equipped kitchen awaits modernization, presenting an excellent opportunity for customization. Ideal as a second home, holiday retreat, or a lucrative investment in Spain, this property promises high rental potential. Residents enjoy beautifully maintained garden areas maintained by professional gardeners, adding to the serene ambiance. Modern amenities include fiber optic internet/WIFI, with community fees covering water and IBI expenses. Situated in the desirable El Paraiso area of Spain, this penthouse offers the perfect blend of comfort, convenience, and investment potential. Don't miss the chance to own this exceptional property in El Paraiso, Spain, a prime location for enjoying the Costa del Sol lifestyle.
Location
Nightly rates in the area
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