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Apartment in Elviria, 2 bedrooms, 121 m² €398.500

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2
Bedrooms
2
Bathrooms
121 m²
Surface area
€
€3293
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 121 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 121 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 121 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 121 m² - Afbeelding 3
+11 photos

Analysis

Price
€398.500
Own investment (30%)
€119.550
Buyer costs
€39.850
Estimated nightly rate
€154,31
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€743,87
Maintenance costs
-€100,83
Cleaning costs
-€291,67
Platform fees
-€457,63
Municipal taxes
-€97,18
Tax (19%)
-€258,34
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 golf courses and amenities increases desirability.
  • Tourist license enhances rental income potential.
  • Well-maintained communal facilities add value.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

11.05%

5 Year Return

55.25%

10 Year Return

110.50%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained property enhances value and rental potential.
  • Local market trends in 2027: Growing demand for holiday and investment properties in Costa del Sol.
  • Property type: Apartments in prime golf locations tend to appreciate steadily.
  • Economic outlook in 2027: Positive economic growth in Spain and Europe supports property appreciation.
  • Demographic developments: Increasing number of retirees and expatriates in Spain boosts demand.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Elviria.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Renovate kitchen and bathrooms for modern appeal.
  • Upgrade air conditioning and climate control systems.
  • Enhance outdoor space with landscaping or a private terrace upgrade.
  • Add smart home features for increased convenience.

Description

Discover this exceptional middle floor apartment in Elviria, Spain, offering the perfect blend of comfort and investment potential on the Costa del Sol. Located in the coveted Elviria Santa Maria golf area, this property boasts 2 spacious bedrooms and 2 modern bathrooms within a well-maintained 97 m² layout. Ideal for golf enthusiasts and investors alike, it features a coveted tourist license, making it a lucrative rental opportunity. The apartment is situated in a prime frontline golf setting, close to prestigious golf courses and amenities, providing a serene yet convenient lifestyle. Enjoy the excellent condition of this property, which includes communal swimming pools, beautifully landscaped gardens, and private parking. Climate control is ensured with air conditioning, while the fully fitted kitchen and double glazing enhance comfort and functionality. Fitted wardrobes, proximity to transportation, and a private terrace add to the appeal of this fantastic investment in Elviria. Whether you’re seeking a permanent residence, a holiday retreat, or a profitable investment on the Costa del Sol, this apartment in Elviria, Spain, offers exceptional value. Its strategic location, combined with features like communal pools, private parking, and a prime golf setting, makes it a standout choice for buyers looking for quality and convenience in Spain’s most sought-after coastal region.

Location

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