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Apartment in Elviria, 2 bedrooms, 150 m² €390.000

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2
Bedrooms
2
Bathrooms
150 m²
Surface area
€
€2600
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 150 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 150 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 150 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 150 m² - Afbeelding 3
+15 photos

Analysis

Price
€390.000
Own investment (30%)
€117.000
Buyer costs
€39.000
Estimated nightly rate
€154,31
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€728
Maintenance costs
-€125
Cleaning costs
-€291,67
Platform fees
-€457,63
Municipal taxes
-€95,38
Tax (19%)
-€257,10
Cashflow p.m.
Earned back in

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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, restaurants, and commercial centers.
  • Quality of amenities within the complex, such as pool and gardens.
  • Modern features like air conditioning, underground parking, and secure storage.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

11.24%

5 Year Return

56.20%

10 Year Return

112.40%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained and upgraded interiors enhance value.
  • Local market trends in 2027: Growing demand for coastal properties in Marbella.
  • Property type: Ground floor apartments with outdoor terraces are popular among buyers.
  • Economic outlook in 2027: Stable with potential growth in tourism and real estate sectors.
  • Demographic developments: Increasing expatriate and retiree populations boost demand.
  • Infrastructure plans in 2027: Continued improvements in transportation and amenities support property values.
  • Historical WOZ value trends: Consistent increase reflecting rising property values.

Possible improvements

  • Adding a modernized kitchen or bathroom upgrades.
  • Enhancing outdoor living space with landscaping or furniture.
  • Installing smart home technology for added convenience.
  • Improving energy efficiency with solar panels or better insulation.

Description

Discover this bright and elegantly upgraded ground floor apartment in the sought-after Colorado Hills complex, located in the vibrant area of Elviria, Marbella, Spain. Perfectly positioned for a relaxed yet convenient lifestyle, this property offers two spacious bedrooms with luxurious en-suite bathrooms featuring underfloor heating, ensuring comfort year-round. The fully equipped kitchen, complete with a separate laundry room, provides ample space for culinary enthusiasts. The expansive living area, adorned with marble flooring and an inviting open fireplace, seamlessly connects to a large covered terrace overlooking lush green surroundings, ideal for outdoor entertaining. This Elviria apartment boasts modern amenities including air conditioning with hot and cold options, an underground parking space, and a secure storage room. The building’s elevator adds ease of access. Situated within a gated complex, residents enjoy exclusive access to a beautiful pool area and well-maintained gardens, all just a five-minute drive from Marbella’s renowned beaches, restaurants, and commercial centers. Ideal for those seeking a premium apartment in Elviria, Marbella, Spain, this property combines comfort, style, and excellent location advantages. Whether as a holiday retreat or a permanent residence, this Elviria apartment offers exceptional living in one of Spain’s most desirable coastal areas.

Location

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