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2
Bedrooms
2
Bathrooms
84 m²
Surface area
€
€4702
Price per m²
Apartment
Property type
+17 photos
Analysis
Price
€395.000
Own investment (30%)
€118.500
30% down payment of purchase price
Buyer costs
€39.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,54
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€737,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€70
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
-€458,31
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€96,44
Municipal taxes for Elviria
Tax
(19%)
-€266,31
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
€154,54
High season
€212
Mid season
€148,75
Low season
€108
Price determining factors
- Proximity to beaches and natural attractions.
- Limited new tourist rental licenses ensuring long-term stability.
- High demand for properties with sea views and modern amenities.
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
8.62%
5 Year Return
43.10%
10 Year Return
86.20%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The recent renovation in 2021 enhances the property's appeal and value.
- Local market trends in 2027: Growing demand for Mediterranean properties and tourism in Marbella East.
- Property type: Apartments in desirable locations tend to appreciate steadily.
- Economic outlook in 2027: Positive economic growth in Spain and increased foreign investment.
- Demographic developments: An influx of expatriates and retirees seeking Mediterranean living.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities could boost property values.
- Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.
Possible improvements
- Adding a private balcony or terrace to enhance outdoor space.
- Upgrading kitchen and bathroom fixtures for modern appeal.
- Installing smart home technology to increase convenience and security.
- Enhancing outdoor areas or landscaping for better views and aesthetics.
Description
Discover this beautifully renovated apartment in Elviria, Marbella East, Spain, offering spectacular south-east facing views that flood the space with natural light from dawn to late afternoon. Situated within a peaceful, family-oriented community, this property combines modern comfort with stunning scenery, making it an ideal residence or investment in Elviria, Spain. Featuring two spacious bedrooms and two bathrooms, the apartment was fully refurbished in 2021 to ensure contemporary style and functionality. The open-plan kitchen seamlessly connects to the living area, creating a bright, airy environment perfect for relaxing or entertaining while enjoying unobstructed views of the Mediterranean horizon and lush natural surroundings. Designed to maximize space and outdoor connection, the layout highlights the property's panoramic vistas. Convenience is enhanced with a large underground parking space suitable for two small cars and a storage room. Located just a 20-minute walk from the beach, with mountain trails five minutes away and a nearby shopping center, this property offers the perfect balance of privacy and accessibility in Elviria, Spain. The area’s residential zoning currently restricts new tourist rental licenses, ensuring long-term stability and a tranquil environment. This exceptional property in Elviria, Spain, provides a unique opportunity to enjoy Mediterranean living with breathtaking views, abundant natural light, and excellent amenities—truly one of Marbella East’s most sought-after locations.
Location
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Nightly rates in the area
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