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2
Bedrooms
2
Bathrooms
105 m²
Surface area
€
€3800
Price per m²
Apartment
Property type
+38 photos
Analysis
Price
€399.000
Own investment (30%)
€119.700
30% down payment of purchase price
Buyer costs
€39.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€126,46
Expected occupancy rate
69%
Gross rental p/m
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€0000
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Mortgage costs
-€744,80
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€87,50
{% trans '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
-€398,11
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€97,29
Municipal taxes for Estepona
Tax
(19%)
-€196,59
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
€126,46
High season
€167
Mid season
€123,92
Low season
€104
Price determining factors
- Proximity to beaches and amenities: Enhances attractiveness for renters and buyers.
- Community amenities: Pool, secure gated community, underground parking increase desirability.
- Property features: Private garden, terrace, and storage room add value.
- Market demand: High demand for holiday and permanent residences in Estepona.
- Economic stability: Spain's stable economy supports property appreciation.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
8.40%
5 Year Return
42.00%
10 Year Return
84.00%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, move-in ready condition enhances value and rental appeal.
- Local market trends in 2027: Expected growth driven by tourism and expatriate demand on Costa del Sol.
- Property type: Ground-floor apartment with private garden and terrace is desirable for holidaymakers and residents.
- Economic outlook in 2027: Positive, with continued growth in tourism and real estate sectors in Spain.
- Demographic developments: Increasing expatriate and retiree populations seeking properties in Estepona.
- Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and amenities support property value.
- Historical WOZ value trends: Consistent appreciation in property taxes indicating rising property values.
Possible improvements
- Renovate kitchen and bathrooms for modern appeal.
- Upgrade outdoor space with landscaping or outdoor furniture.
- Install energy-efficient appliances and solar panels.
- Enhance security features and smart home technology.
Description
Discover this charming ground-floor apartment in the highly desirable Cortijo del Mar urbanisation, located in beautiful Estepona, Spain. Perfectly positioned for both relaxation and investment, this bright two-bedroom, two-bathroom property offers an exceptional blend of comfort, privacy, and potential for rental income. The spacious private garden and covered terrace create an inviting outdoor space ideal for year-round outdoor dining and leisure, making it an excellent choice for holidaymakers or permanent residents alike.
Inside, the apartment benefits from abundant natural light, a well-maintained interior, and a move-in ready condition, ensuring a seamless transition for new owners. Situated within a secure, gated community renowned for its tranquility and high-quality amenities, this property provides peace of mind and a serene living environment. Additional features such as underground parking and a private storage room add to the convenience and value of this fantastic estate.
Whether you’re seeking a lucrative investment opportunity, a relaxing holiday home, or a permanent residence in Estepona, this apartment ticks all the boxes. Its prime location in Estepona, Spain, coupled with its attractive features and strong rental potential, makes it an outstanding real estate investment in one of the most sought-after areas on the Costa del Sol. Don’t miss this chance to own a piece of paradise in Estepona, Spain.
Location
Nightly rates in the area
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