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2
Bedrooms
2
Bathrooms
116 m²
Surface area
€
€4733
Price per m²
Apartment
Property type
+23 photos
Analysis
Price
€549.000
Own investment (30%)
€164.700
30% down payment of purchase price
Buyer costs
€54.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€1.024,80
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€96,67
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
-€458,25
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€129,16
Municipal taxes for Elviria
Tax
(19%)
-€200,34
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
€154,52
High season
€212
Mid season
€148,75
Low season
€108
Price determining factors
- Proximity to beaches and golf courses increases desirability.
- Community amenities and security add value.
- Potential for short-term rental income enhances investment 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
4.67%
5 Year Return
23.35%
10 Year Return
46.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained and recently renovated, which supports value retention and growth.
- Local market trends in 2027: Expected to remain strong due to high demand for holiday rentals and coastal properties in Spain.
- Property type: Apartments in high-demand tourist areas tend to appreciate steadily.
- Economic outlook in 2027: Spain's economy is projected to grow modestly, supporting real estate appreciation.
- Demographic developments: Increasing interest from international buyers and retirees boosts demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Elviria enhance property appeal.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Upgrade furniture and interior decor to modern standards.
- Add smart home features for increased convenience.
- Improve outdoor spaces, such as landscaping or adding a BBQ area.
Description
Discover this exceptional southwest-facing apartment in Elviria, Spain, perfectly positioned within the prestigious Jardines de Don Carlos community. This property boasts a valid tourist license transferable to a new owner, making it an ideal investment for short-term rentals or a permanent coastal residence. Located just 300 meters from pristine Playa del Real de Zaragoza, the apartment offers seamless access to Marbella's top attractions, including vibrant restaurants, charming shops, and nearby golf courses like Santa Maria Golf Club. The light-filled, renovated interior features an open-plan living and dining area that flows into a modern kitchen with a laundry terrace, two spacious bedrooms, and two full bathrooms. Enjoy year-round outdoor living on the partially glass-enclosed main terrace or the private terrace adjoining the master bedroom, both overlooking lush communal gardens. Climate control, underground parking, a climate-controlled storage room, and 24/7 gated security ensure comfort and peace of mind. Situated in the upscale Elviria district, this property combines tranquility with convenience, offering proximity to Marbella’s city center (11 km) and Puerto Banús (20 km). Whether seeking a high-yield holiday rental or a serene permanent home, this Elviria apartment in Spain promises exceptional lifestyle benefits, with community fees of €160 per month, 75 m² indoor space, and included furniture.
Location
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Nightly rates in the area
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