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Apartment in Estepona, 2 bedrooms, 105 m² €469.000

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Bedrooms

Bathrooms

105 m²

Surface area

€

€4467

Price per m²

Apartment

Property type

Apartment in Estepona, 2 bedrooms, 105 m² - Afbeelding 1

Apartment in Estepona, 2 bedrooms, 105 m² - Afbeelding 2

Apartment in Estepona, 2 bedrooms, 105 m² - Afbeelding 3

+6 photos

Analysis

View Report

Price

€469.000

Own investment (30%)

30% down payment of purchase price

€140.700

Buyer costs

Buyer costs: 10% of purchase price

€46.900

Estimated nightly rate

€126,46

Expected occupancy rate

69%

Gross rental p/m

€0000 Sign in to view

Mortgage costs

This is the monthly interest you pay for the mortgage (3.2% interest)

-€875,47

Maintenance costs

Estimated annual maintenance costs (10€/m²). This is the rule of thumb for existing and older homes. For new construction, this is usually lower.

-€87,50

Cleaning costs

Annual cleaning costs: €3500 (€291,67/month). Based on number of bedrooms.

-€291,67

Platform fees

15% commission based on average fees from Booking.com and Airbnb

-€398,11

Municipal taxes

Municipal taxes for Estepona

-€112,16

Tax (19%)

This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.

-€168,94

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

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Nightly Rates

Estimated nightly rate

€126,46

High season

€167

Mid season

€123,92

Low season

€104

Price determining factors

High demand for holiday homes and rentals in Estepona.
Proximity to beaches, amenities, and historic sites.
Potential for extension and renovation due to valid building license.
Limited supply of similar high-quality apartments in the area.

Comparable accommodations

All comparable accommodations and their nightly rates are retrieved from booking platforms.

Rate	Hotel / apartment	Distance
€118	Villacana Villa-holiday by the beach	9.0 km
€139,40	Townhouse – 3 floors Close to the beach!	11.2 km
€125,60	Modern Townhouse, roof terrace in Estepona OldTown	0.4 km
€139	Casa Relajante - big summer garden	1.4 km
€286,80	Beachfront BohoChic II Pool+DirectBeach+Parking	3.2 km
€131,40	House 5 minutes from the beach, Puerto Banús and 5 golf courses	17.7 km
€108,40	Marbella Townhouse near Top Golf Courses	18.9 km
€161,60	Luxury Oasis at Alcazaba Lagoon	7.1 km
€298,60	Superb Townhouse in Golden Mile	21.0 km
€124,71	Casa Strandblick (Sea view villa)	7.9 km

Return & Value appreciation

Annual return

4.61%

5 Year Return

23.05%

10 Year Return

46.10%

ROI Distribution

Value development

Factors for value appreciation

Property condition: Well-maintained and recently renovated, which supports value appreciation.
Local market trends in 2027: Expected growth in tourism and real estate demand on Costa del Sol.
Property type: Attractive apartment in a historic yet modernized building, appealing to both investors and holidaymakers.
Economic outlook in 2027: Positive economic growth in Spain and the EU, boosting real estate investments.
Demographic developments: Increasing interest from expatriates and retirees seeking coastal living.
Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Estepona.
Historical WOZ value trends: Consistent increase in property values and land registry assessments over recent years.

Possible improvements

Adding modern smart home features.
Upgrading kitchen and bathroom fixtures for increased luxury appeal.
Enhancing outdoor spaces, such as the roof terrace, with landscaping or outdoor furniture.
Implementing energy-efficient upgrades to reduce utility costs.

Description

Discover this beautifully renovated top-floor apartment in the heart of Estepona's historic Old Town, Spain. This modern residence offers a spacious 95.45 sqm layout with two bedrooms and two bathrooms, including a master suite with built-in closets and a private shower. The open-concept kitchen, dining, and living areas create a welcoming space, enhanced by a large southwest-facing balcony and a spectacular roof terrace with 360-degree views of Estepona's charming city center. The property benefits from a valid building license until 2036, allowing for an additional 40 sqm extension. Located just steps from Plaza Begines and a five-minute walk from the beach, this Estepona apartment combines old-world charm with contemporary upgrades, such as new air conditioning installed in 2020. Situated in a quiet yet central neighborhood, it offers easy access to top restaurants and local amenities, making it an ideal investment or holiday home in Estepona, Spain. With a Licencia de primera ocupacion and a total land registry value of €52,613, this property presents a unique opportunity to own a piece of the vibrant Costa del Sol.