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Apartment in Elviria, 3 bedrooms, 140 m² €645.000

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3
Bedrooms
3
Bathrooms
140 m²
Surface area
€4607
Price per m²
Apartment
Property type
Apartment in Elviria, 3 bedrooms, 140 m² - Hoofdafbeelding
Apartment in Elviria, 3 bedrooms, 140 m² - Afbeelding 1
Apartment in Elviria, 3 bedrooms, 140 m² - Afbeelding 2
Apartment in Elviria, 3 bedrooms, 140 m² - Afbeelding 3
+31 photos

Analysis

Price
€645.000
Own investment (30%)
€193.500
Buyer costs
€64.500
Estimated nightly rate
€223,23
Expected occupancy rate
61%
Gross rental p/m
€0000
Mortgage costs
-€1.204
Maintenance costs
-€116,67
Cleaning costs
-€333,33
Platform fees
-€621,28
Municipal taxes
-€149,56
Tax (19%)
-€326,23
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€223,23
High season
€299
Mid season
€214,17
Low season
€159

Price determining factors

  • Proximity to beaches, shopping centers, and natural attractions.
  • High-quality amenities within the gated community.
  • Spectacular sea and mountain views.
  • Luxury property features and spacious terraces.

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

6.47%

5 Year Return

32.35%

10 Year Return

64.70%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained, modern interior, and spacious layout enhance value.
  • Local market trends in 2027: Expected growth in Marbella's luxury real estate market due to tourism and expatriate demand.
  • Property type: Duplex penthouse with large terrace is highly desirable in luxury markets.
  • Economic outlook in 2027: Positive economic growth in Spain and Europe, supporting real estate investments.
  • Demographic developments: Increasing expatriate and retiree populations seeking luxury properties.
  • Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and connectivity in Marbella.
  • Historical WOZ value trends: Consistent increase reflecting rising property values and demand.

Possible improvements

  • Renovate and modernize the kitchen and bathrooms.
  • Upgrade interior finishes and fixtures for a more contemporary look.
  • Enhance outdoor living spaces with additional landscaping or outdoor furniture.
  • Install energy-efficient systems to reduce utility costs.

Description

Discover the luxurious lifestyle offered by this spacious duplex penthouse in Elviria, Marbella, Spain. This stunning property boasts 140 square meters of elegant interior space complemented by a massive 210-square-meter southwest-facing terrace, perfect for enjoying spectacular sea and mountain views. The penthouse features three bedrooms, including a luxurious master bedroom on the second floor with an ensuite bathroom, a private terrace, and a convenient cloakroom. The fully equipped modern kitchen and two additional bathrooms, along with a guest toilet, provide comfort and functionality. The expansive living room opens onto the large terrace, ideal for entertaining or relaxing while soaking in panoramic vistas of the Mediterranean coastline. Situated within a secure gated community in Elviria, Marbella, Spain, this property offers 24-hour security, four large pools, four smaller pools, and beautifully landscaped gardens, creating a peaceful retreat close to the beach and shopping centers just 10 minutes away. Whether you seek a permanent residence or a lucrative investment in Elviria, Marbella, Spain, this duplex penthouse combines luxury, convenience, and breathtaking scenery, making it an exceptional choice for discerning buyers looking for property in Spain.

Location

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