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2
Bedrooms
2
Bathrooms
170 m²
Surface area
€
€2183
Price per m²
Apartment
Property type
+19 photos
Analysis
Price
€371.175
Own investment (30%)
€111.352,50
30% down payment of purchase price
Buyer costs
€37.117,50
Buyer costs: 10% of purchase price
Estimated nightly rate
€126,61
Expected occupancy rate
69%
Gross rental p/m
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€0000
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Mortgage costs
-€692,86
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€141,67
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
-€398,58
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€91,37
Municipal taxes for Estepona
Tax
(19%)
-€197,81
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
€126,61
High season
€167
Mid season
€123,92
Low season
€103
Price determining factors
- Proximity to golf courses, beaches, and parks.
- Community amenities like pools and gardens.
- Potential for renovation and customization.
- Market demand for holiday and retirement homes.
Comparable accommodations
| 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
6.82%
5 Year Return
34.10%
10 Year Return
68.20%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Renovations can significantly increase value.
- Local market trends in 2027: Expected growth due to tourism and expatriate interest.
- Property type: Apartments in a desirable community tend to appreciate steadily.
- Economic outlook in 2027: Positive, with growth in tourism and real estate sectors.
- Demographic developments: Increasing expatriate population and retirees.
- Infrastructure plans in 2027: Improvements in transportation and amenities.
- Historical WOZ value trends: Consistent increase reflecting rising property values.
Possible improvements
- Renovate interior spaces to modern standards.
- Upgrade kitchen and bathrooms for increased appeal.
- Enhance outdoor terrace with landscaping or furniture.
- Implement energy-efficient features to reduce costs.
Description
Discover a spacious and charming ground floor apartment in the prestigious Cartuja del Golf community of Estepona, Spain. This property offers 170 sqm of well-designed interior space complemented by a generous 27 sqm terrace, perfect for enjoying the mild Mediterranean climate year-round. The apartment features two large bedrooms, each with en suite bathrooms, providing privacy and comfort, along with bright, versatile living areas ready for modern renovation. The home includes a designated parking space, enhancing convenience for residents and visitors. Set within the tranquil and beautifully maintained Cartuja del Golf residential complex, residents enjoy access to extensive communal gardens, an adult swimming pool, and a children's pool, making it ideal for family living or relaxing retreats. Located in one of Estepona’s most sought-after neighborhoods, this property presents a unique opportunity to create a personalized home with significant renovation potential. Its excellent location near golf courses, natural parks, and the Costa del Sol coastline makes it an attractive investment in Estepona, Spain. Whether you’re seeking a permanent residence, vacation home, or investment property, this apartment in Estepona offers exceptional value and potential for appreciation in a highly desirable area.
Location
Similar properties in Estepona
Nightly rates in the area
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