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Apartment in Elviria, 2 bedrooms, 116 m² €549.000

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2
Bedrooms
2
Bathrooms
116 m²
Surface area
€4733
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 116 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 116 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 116 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 116 m² - Afbeelding 3
+23 photos

Analysis

Price
€549.000
Own investment (30%)
€164.700
Buyer costs
€54.900
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€1.024,80
Maintenance costs
-€96,67
Cleaning costs
-€291,67
Platform fees
-€458,25
Municipal taxes
-€129,16
Tax (19%)
-€200,34
Cashflow p.m.
Earned back in

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Nightly 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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