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2
Bedrooms
2
Bathrooms
88 m²
Surface area
€
€5966
Price per m²
Apartment
Property type
+17 photos
Analysis
Price
€525.000
Own investment (30%)
€157.500
30% down payment of purchase price
Buyer costs
€52.500
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
-€980
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€73,33
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
-€124,06
Municipal taxes for Estepona
Tax
(19%)
-€150,02
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 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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Nightly rates in the area
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