You can view 1 more properties. Log in for unlimited access.
3
Bedrooms
2
Bathrooms
108 m²
Surface area
€
€4532
Price per m²
Apartment
Property type
+38 photos
Analysis
Price
€489.500
Own investment (30%)
€146.850
30% down payment of purchase price
Buyer costs
€48.950
Buyer costs: 10% of purchase price
Estimated nightly rate
€164,03
Expected occupancy rate
66%
Gross rental p/m
Log in to see the annual gross rental income
€0000
Sign in to view
Mortgage costs
-€913,73
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€90
{% trans '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
-€493,94
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€116,52
Municipal taxes for Estepona
Tax
(19%)
-€255,62
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.
Interested?
Log in now to contact the seller directly
Log inNightly Rates
Estimated nightly rate
€164,03
High season
€220
Mid season
€160,58
Low season
€130
Price determining factors
- Proximity to beaches, Old Town, and amenities: Enhances desirability.
- Tourist rental license: Adds investment appeal.
- Outdoor living space and amenities: Increases attractiveness for holiday rentals.
- Property condition: Modern finishes and renovations support higher valuation.
- Economic stability and growth in Costa del Sol: Drives property demand.
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
8.91%
5 Year Return
44.55%
10 Year Return
89.10%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained and renovated, which supports value appreciation.
- Local market trends in 2027: Expected growth due to tourism and expatriate interest in Estepona.
- Property type: Luxury penthouse with outdoor amenities, appealing to high-end buyers and renters.
- Economic outlook in 2027: Positive, with tourism and real estate sectors likely to grow.
- Demographic developments: Increasing expatriate population and retirees seeking luxury properties.
- Infrastructure plans in 2027: Improvements in transportation, amenities, and connectivity in Estepona.
- Historical WOZ value trends: Consistent increase, indicating rising property values.
Possible improvements
- Adding a swimming pool or hot tub on the terrace.
- Upgrading kitchen appliances and finishes for higher luxury appeal.
- Enhancing outdoor lighting and landscaping.
- Installing smart home technology for convenience and security.
- Expanding or customizing the home office space.
Description
Discover this luxurious penthouse in Estepona, Spain, offering 98 m² of stunning outdoor living space on its expansive terrace. Perfectly situated in the heart of Estepona, this stylish and fully renovated property provides easy access to the charming Old Town, pristine beaches, popular restaurants, and vibrant shops. The penthouse features a bright, open-concept design with modern finishes, three spacious bedrooms with built-in wardrobes, and two contemporary bathrooms. An elevator grants direct access from the garage, which includes two parking spaces, ensuring convenience and privacy. The highlight is the impressive terrace, ideal for outdoor living and entertaining, equipped with a fully fitted outdoor kitchen, barbecue, sink, fridge, dining area for six, a bar, outdoor shower, and a private gym. A glass-enclosed section currently serves as a home office with air conditioning, offering versatile use. This property boasts a valid tourist rental license, making it an excellent investment opportunity in Estepona, Spain, for those seeking a permanent residence, holiday retreat, or rental income. Experience the best of Costa del Sol living with this exceptional penthouse, combining luxury, location, and investment potential in Estepona, Spain.
Location
Nightly rates in the area
Questions? Chat with us!