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Apartment in Elviria, 3 bedrooms, 108 m² €689.000

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3
Bedrooms
2
Bathrooms
108 m²
Surface area
€
€6380
Price per m²
Apartment
Property type
Apartment in Elviria, 3 bedrooms, 108 m² - Hoofdafbeelding
Apartment in Elviria, 3 bedrooms, 108 m² - Afbeelding 1
Apartment in Elviria, 3 bedrooms, 108 m² - Afbeelding 2
Apartment in Elviria, 3 bedrooms, 108 m² - Afbeelding 3
+38 photos

Analysis

Price
€689.000
Own investment (30%)
€206.700
Buyer costs
€68.900
Estimated nightly rate
€205,92
Expected occupancy rate
61%
Gross rental p/m
€0000
Mortgage costs
-€1.286,13
Maintenance costs
-€90
Cleaning costs
-€333,33
Platform fees
-€573,10
Municipal taxes
-€158,91
Tax (19%)
-€262,05
Cashflow p.m.
Earned back in
00months

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Nightly Rates

Estimated nightly rate
€205,92
High season
€274
Mid season
€197,50
Low season
€142

Price determining factors

  • Proximity to beaches, restaurants, and amenities: High desirability increases value.
  • Community amenities: Pools, gym, sauna add value.
  • Property upgrades: Renovated bathrooms and modern features enhance appeal.

Comparable accommodations

Rate Hotel / apartment Distance
€260,80 Andalusian Villa with views, Pool, Garden & BBQ 14.9 km
€185 Villa La Guirnalda private pool/wifi/barbecue 21.5 km
€164,40 3 Bed Accommodation with Pool 12.7 km
€314 Livita, Space, Above the beach, Cala de mijas 10.7 km
€195,20 Hacienda el Alamo 12.8 km
€378,33 Casa Calma ǀ Private Pool ǀ Close to Beach + Golf 6.4 km
€210 Beach House 10.9 km
€84 Paradise, sun and beach. Charming terrace. 10.6 km
€185 Entire House with Terrace in Marbella 13.1 km
€382,40 Three bed house with pool 50 metres from the beach 17.2 km

Return & Value appreciation

Annual return

4.86%

5 Year Return

24.30%

10 Year Return

48.60%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with recent upgrades, likely to attract higher rental income and resale value.
  • Local market trends in 2027: Growing demand for coastal properties in Elviria, driven by tourism and expatriate influx.
  • Property type: Apartments in gated communities tend to appreciate steadily due to amenities and security.
  • Economic outlook in 2027: Spain's economy is expected to recover and grow, supporting property value increases.
  • Demographic developments: Increasing expatriate and retiree populations seeking holiday and permanent homes.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities will enhance property appeal.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Adding a balcony or expanding outdoor space.
  • Upgrading kitchen appliances and fixtures.
  • Enhancing energy efficiency with solar panels or better insulation.
  • Modernizing interior decor to appeal to contemporary tastes.

Description

Discover this stunning 3-bedroom apartment in the desirable Jardines de Don Carlos community, located in the vibrant coastal town of Elviria, Spain. Perfectly positioned just a short stroll from pristine beaches, excellent restaurants, and local amenities, this Elviria property offers an ideal blend of comfort, style, and convenience. The bright, spacious living area opens onto a private terrace, creating an inviting space for relaxation or entertaining guests. Recent upgrades include fully renovated bathrooms and modern interior doors, enhancing the home's fresh appeal. The well-equipped kitchen seamlessly connects to the dining and living zones, fostering a warm and functional environment. Each of the three generous bedrooms boasts built-in wardrobes, making this apartment suitable for both full-time residence or holiday rental investment in Elviria. Residents enjoy access to lush tropical gardens, multiple swimming pools, a gym, and a sauna within this gated community. Situated in one of Marbella’s most sought-after areas, this Elviria apartment presents a fantastic opportunity for buyers seeking a holiday home, rental property, or permanent residence in Spain. Don’t miss the chance to own this exceptional property in Elviria, Spain, where lifestyle and location converge.

Location

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