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Apartment in Elviria, 2 bedrooms, 105 m² €425.000

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2
Bedrooms
2
Bathrooms
105 m²
Surface area
€
€4048
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 105 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 105 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 105 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 105 m² - Afbeelding 3
+7 photos

Analysis

Price
€425.000
Own investment (30%)
€127.500
Buyer costs
€42.500
Estimated nightly rate
€154,31
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€793,33
Maintenance costs
-€87,50
Cleaning costs
-€291,67
Platform fees
-€457,63
Municipal taxes
-€102,81
Tax (19%)
-€250,40
Cashflow p.m.
Earned back in
00months

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Nightly Rates

Estimated nightly rate
€154,31
High season
€212
Mid season
€148,75
Low season
€108

Price determining factors

  • Proximity to beaches, shops, and restaurants: Enhances rental and resale value.
  • Tourist license: Allows for high-yield holiday rentals, increasing income potential.
  • Community amenities: Pool, gardens, private parking add value.
  • Property condition: Modern and well-maintained, reducing immediate renovation costs.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

10.05%

5 Year Return

50.25%

10 Year Return

100.50%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with modern amenities, increasing attractiveness for tenants and buyers.
  • Local market trends in 2027: Growing demand for holiday rentals and second homes in Elviria due to tourism and expatriate influx.
  • Property type: Ground floor apartment with outdoor space, highly desirable for holidaymakers and residents.
  • Economic outlook in 2027: Stable with potential growth driven by tourism and real estate investments.
  • Demographic developments: Increasing expatriate and retiree populations seeking properties in Spain.
  • Infrastructure plans in 2027: Improvements in transportation and amenities enhancing accessibility and lifestyle.
  • Historical WOZ value trends: Consistent appreciation reflecting rising property values in Elviria.

Possible improvements

  • Renovate bathrooms and kitchen for a more modern look.
  • Upgrade air conditioning system for better efficiency.
  • Enhance outdoor space with landscaping or additional outdoor furniture.
  • Install smart home features to increase appeal.
  • Improve energy efficiency with better insulation or solar panels.

Description

Discover this stunning ground floor apartment in the sought-after Pino Golf community of Elviria, Spain. Designed for comfort and convenience, this spacious west-facing flat offers picturesque views of lush communal gardens and a sparkling swimming pool. Featuring two bedrooms, including a master en suite, along with a stylish guest bathroom, the property boasts a fully fitted and furnished kitchen, modern air conditioning, and a charming terrace with a private garden. The terrace provides direct access to the large communal pool, surrounded by beautifully maintained gardens, perfect for relaxing or entertaining. A private parking space complements the property’s features. Located in the vibrant Elviria area of Spain, this property is within walking distance of popular shops, diverse restaurants, and some of the east coast’s finest beaches, renowned for Nikki Beach and other upscale beach clubs. Whether as a holiday rental with high tourist potential, thanks to its tourist license, or as a luxurious second home, this Elviria property offers excellent investment opportunities. Its prime location, combined with its modern amenities and attractive outdoor spaces, makes it an ideal choice for buyers seeking a high-quality property in Elviria, Spain.

Location

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