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3
Bedrooms
2
Bathrooms
101 m²
Surface area
€
€4851
Price per m²
Apartment
Property type
+18 photos
Analysis
Price
€490.000
Own investment (30%)
€147.000
30% down payment of purchase price
Buyer costs
€49.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€163,38
Expected occupancy rate
66%
Gross rental p/m
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€0000
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Mortgage costs
-€914,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€84,17
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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€491,98
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€116,62
Municipal taxes for Estepona
Tax
(19%)
-€254,43
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
€163,38
High season
€221
Mid season
€159,92
Low season
€129
Price determining factors
- Proximity to beaches, town center, and amenities.
- Views of sea and mountains.
- Outdoor spaces like rooftop terrace and balcony.
- Luxury features and modern design.
- Community amenities such as pool and private garage.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €185 | Entire House with Terrace in Marbella | 21.4 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 16.5 km |
| €175 | Chic 3BR Townhouse on the Beach + Pool + Parking | 10.5 km |
| €281,20 | Ocean Front Villa w/Private Pool | 10.5 km |
| €421 | Calm Villa · Private Infinity Pool | 7.9 km |
| €159,80 | Lucia's home, beach and mountains. | 11.3 km |
| €294,40 | Villa with pool near the beach for families | 3.8 km |
| €195,20 | Justine's Houses - Casa Carmen | 18.0 km |
| €125,60 | Beautiful house with a private pool. | 18.5 km |
| €147,20 | Casa Azul | 18.6 km |
Return & Value appreciation
Annual return
6.64%
5 Year Return
33.20%
10 Year Return
66.40%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with modern amenities enhances value.
- Local market trends in 2027: Expected growth due to tourism and expatriate influx.
- Property type: Penthouse with premium features and views increases desirability.
- Economic outlook in 2027: Positive, with steady growth in Spain's economy and real estate sector.
- Demographic developments: Increasing expatriate and retiree population seeking properties in Estepona.
- Infrastructure plans in 2027: Improvements in transportation and public services will boost property appeal.
- Historical WOZ value trends: Consistent appreciation indicating a stable market.
Possible improvements
- Renovate kitchen and bathrooms for modern appeal.
- Upgrade fixtures and appliances.
- Enhance outdoor spaces with landscaping or furniture.
- Implement energy-efficient solutions to reduce costs.
- Add smart home features for increased convenience.
Description
Discover this stunning penthouse in the heart of Estepona, Spain, offering a perfect blend of luxury and comfort. Featuring three spacious bedrooms and two modern bathrooms, this property is ideal as a permanent residence or a delightful holiday retreat. The apartment includes a private garage and ample storage, along with access to a lush communal pool, making it a perfect oasis for relaxation.
Situated in a charming Spanish neighborhood, this Estepona penthouse is within walking distance to the pristine beaches, the vibrant town center, and the Mediterranean Sea. Enjoy the convenience of nearby restaurants, shops, and essential services, all while basking in the authentic Spanish ambiance.
Unwind on the large private rooftop terrace or the balcony, both offering breathtaking views of the sea, mountains, and picturesque surroundings. These outdoor spaces are perfect for morning coffee, sunlit afternoons, or starlit evenings.
This property presents a unique opportunity to experience the best of both worlds: the lively city life of Estepona and the tranquility of an authentic Spanish community. Ideal for investors or those seeking a picturesque home in Spain, this Estepona penthouse combines location, comfort, and stunning views in one exceptional package.
Location
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Nightly rates in the area
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