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2
Bedrooms
2
Bathrooms
100 m²
Surface area
€
€3990
Price per m²
Apartment
Property type
+28 photos
Analysis
Price
€399.000
Own investment (30%)
€119.700
30% down payment of purchase price
Buyer costs
€39.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,31
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€744,80
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€83,33
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
-€457,63
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€103,88
Municipal taxes for Elviria
Tax
(19%)
-€260,21
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
€154,31
High season
€212
Mid season
€148,75
Low season
€108
Price determining factors
- High-quality finishes and amenities increase desirability.
- Prime location within Elviria with sea and mountain views.
- Community facilities like pools and gardens add value.
- Proximity to beaches and commercial centers boosts appeal.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €133,60 | An impressive beach house | 8.7 km |
| €203 | Casa Flores - Panoramic views, pool, tennis, BBQ | 15.4 km |
| €132,40 | Spectacular house on Carvajal Beach | 18.3 km |
| €125,20 | Picturesque Casita Mijas Pueblo | 16.8 km |
| €166,80 | Chariming and creative house 50m from the beach | 2.1 km |
| €134,80 | Cubo's Finca La Graciosa (Cubo's Farm) | 21.0 km |
| €275,20 | Casa Tetuan in old town Marbella, a manicured home | 8.9 km |
| €186,80 | Unique place with roof terrace in Old town | 9.1 km |
| €124,86 | Sunny hillside casita in Guaro | 17.9 km |
| €131,40 | House 5 minutes from the beach, Puerto Banús and 5 golf courses | 16.7 km |
Return & Value appreciation
Annual return
8.34%
5 Year Return
41.70%
10 Year Return
83.40%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with high-quality finishes, which supports steady appreciation.
- Local market trends in 2027: Expected continued demand for properties in Costa del Sol due to tourism and expatriate interest.
- Property type: Apartments in a desirable gated community tend to appreciate steadily due to lifestyle appeal.
- Economic outlook in 2027: Spain's economy is projected to grow modestly, supporting real estate investment.
- Demographic developments: Increasing expatriate population and retirees in Costa del Sol bolster demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhance property value.
- Historical WOZ value trends: Consistent increase in property values in Elviria over the past decade, indicating positive appreciation.
Possible improvements
- Renovate kitchen and bathrooms for modern appeal.
- Upgrade smart home features and security systems.
- Enhance outdoor space with landscaping or a terrace upgrade.
- Implement energy-efficient appliances and systems.
Description
Discover this stunning middle floor apartment for sale in the prestigious Colorado Hills community, located in Elviria, Costa del Sol, Spain. Perfectly positioned in one of the most sought-after areas of Elviria, this stylish property offers 2 spacious bedrooms, 2.5 modern bathrooms, and a generous 100 m² of living space complemented by a 25 m² terrace with breathtaking sea and mountain views. The west-facing orientation ensures beautiful sunsets and a peaceful atmosphere.
Located within the exclusive gated community of Colorado Hills, this apartment provides access to beautifully maintained communal gardens, two large swimming pools, and a dedicated children’s splash pool—ideal for relaxation and family leisure. The property boasts high-quality finishes, including marble flooring in the living areas, a fully fitted kitchen, and an en-suite bathroom, all in excellent condition.
Additional features include air conditioning (hot and cold), double glazing, fitted wardrobes, lift access, a private storage room, utility space, and underground private parking within the secure complex. The location offers exceptional convenience, with Elviria’s vibrant commercial centre just a 20-minute walk away, featuring cafes, restaurants, supermarkets, and shops. The stunning beaches of Elviria can be reached in approximately 30 minutes on foot, making this property ideal for beach lovers and those seeking a tranquil yet connected lifestyle.
This Elviria apartment for sale combines luxury, comfort, and prime location, making it an excellent investment opportunity in Costa del Sol, Spain.
Location
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Nightly rates in the area
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