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Apartment in Estepona, 2 bedrooms, 88 m² €525.000

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2
Bedrooms
2
Bathrooms
88 m²
Surface area
€5966
Price per m²
Apartment
Property type
Apartment in Estepona, 2 bedrooms, 88 m² - Hoofdafbeelding
Apartment in Estepona, 2 bedrooms, 88 m² - Afbeelding 1
Apartment in Estepona, 2 bedrooms, 88 m² - Afbeelding 2
Apartment in Estepona, 2 bedrooms, 88 m² - Afbeelding 3
+17 photos

Analysis

Price
€525.000
Own investment (30%)
€157.500
Buyer costs
€52.500
Estimated nightly rate
€126,61
Expected occupancy rate
69%
Gross rental p/m
€0000
Mortgage costs
-€980
Maintenance costs
-€73,33
Cleaning costs
-€291,67
Platform fees
-€398,58
Municipal taxes
-€124,06
Tax (19%)
-€150,02
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€126,61
High season
€167
Mid season
€123,92
Low season
€103

Price determining factors

  • Proximity to beaches, Old Town, and amenities increases desirability.
  • Modern development with communal facilities adds value.
  • High-quality finishes and views enhance market appeal.

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

3.65%

5 Year Return

18.25%

10 Year Return

36.50%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with high-quality finishes enhances value.
  • Local market trends in 2027: Growing demand for properties in Estepona due to its popularity as a holiday and retirement destination.
  • Property type: Penthouse apartments generally appreciate faster due to exclusivity and views.
  • Economic outlook in 2027: Positive economic growth in Spain and the Eurozone supports real estate appreciation.
  • Demographic developments: Increasing influx of retirees and expatriates boosts demand.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Estepona enhance property appeal.
  • Historical WOZ value trends: Steady increase in property taxes indicates rising property values.

Possible improvements

  • Upgrade kitchen appliances and fixtures.
  • Add smart home technology for modern convenience.
  • Improve outdoor spaces or balcony areas.
  • Enhance energy efficiency with solar panels or better insulation.

Description

Discover this stunning penthouse in the heart of Estepona, Spain, situated within the modern Estepona Gardens complex completed in 2023. Perfectly positioned in Estepona center, this property offers unparalleled convenience with walking distance to the charming Old Town, bustling shops, diverse restaurants, and pristine beaches. Whether you prefer a car-free lifestyle or want easy access to amenities, the private garage and storage room provide added comfort. Estepona's lively atmosphere ensures shops and cafes remain vibrant throughout the year, supported by a community of full-time residents. The bright, airy penthouse boasts beautiful views of the surrounding Andalusian town, known for its flower-lined streets, pedestrian-friendly areas, and scenic promenade along the beach. Estepona, Spain, is celebrated for its authentic charm, family-friendly environment with nearby playgrounds, and a beautifully restored Old Town. Developed by one of Spain’s leading builders, Estepona Gardens offers excellent communal facilities, including a swimming pool and children’s play area, making it ideal for permanent residence or a holiday retreat. The property features a separate kitchen, utility room with washing machine and water heater, and bedrooms with built-in wardrobes, all finished with high-quality, light materials. This easy-to-maintain, centrally located penthouse with a valid tourist license presents a perfect opportunity for those seeking a modern, convenient home or investment property in Estepona, Spain.

Location

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