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Apartment in Estepona, 3 bedrooms, 112 m² €359.000

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3
Bedrooms
2
Bathrooms
112 m²
Surface area
€
€3205
Price per m²
Apartment
Property type
Apartment in Estepona, 3 bedrooms, 112 m² - Hoofdafbeelding
Apartment in Estepona, 3 bedrooms, 112 m² - Afbeelding 1
Apartment in Estepona, 3 bedrooms, 112 m² - Afbeelding 2
Apartment in Estepona, 3 bedrooms, 112 m² - Afbeelding 3
+25 photos

Analysis

Price
€359.000
Own investment (30%)
€107.700
Buyer costs
€35.900
Estimated nightly rate
€164,03
Expected occupancy rate
66%
Gross rental p/m
€0000
Mortgage costs
-€670,13
Maintenance costs
-€93,33
Cleaning costs
-€333,33
Platform fees
-€493,94
Municipal taxes
-€88,79
Tax (19%)
-€306,54
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€164,03
High season
€220
Mid season
€160,58
Low season
€130

Price determining factors

  • Proximity to beaches and ports increases desirability.
  • Views of nature and sea add premium value.
  • Amenities like swimming pool and private jacuzzi enhance attractiveness.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

14.56%

5 Year Return

72.80%

10 Year Return

145.60%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with modern fixtures and high-quality materials, supporting appreciation.
  • Local market trends in 2027: Expected steady growth driven by tourism and expatriate demand in Estepona.
  • Property type: Apartments in desirable seaside locations tend to appreciate well due to high demand.
  • Economic outlook in 2027: Spain's economy is projected to recover and grow, positively impacting real estate values.
  • Demographic developments: Increasing expatriate and retiree populations boost demand for properties.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhance property appeal.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Renovate kitchen and bathrooms for modern appeal.
  • Add smart home features to increase convenience.
  • Improve outdoor spaces with landscaping or additional features.

Description

Discover this stunning three-bedroom, two-bathroom apartment in Estepona, Spain, offering a perfect blend of modern comfort and Mediterranean charm. Oriented southwest, the property enjoys abundant afternoon sunlight and breathtaking sunset views from its spacious terrace. Relax in your private jacuzzi while soaking in open vistas of lush nature and a partial sea view to the left. The interior features high-quality materials and a contemporary Mediterranean style, with an open-plan kitchen fully equipped with appliances such as a refrigerator, oven, and ceramic hob. The seamless flow into the welcoming living area creates an ideal space for relaxation and entertaining, extending effortlessly to the outdoor terrace. Included with the apartment are an underground parking space and a storage room for added convenience. Residents can enjoy meticulously maintained gardens and a large swimming pool, perfect for leisure and social gatherings. Located just a 15-minute walk from the pristine beaches of Estepona and a short drive to the ports of Estepona and La Duquesa, this property offers an exceptional opportunity for those seeking a seaside lifestyle in Spain. Whether for permanent living or investment, this Estepona apartment combines quality, location, and stunning views, making it an ideal choice for buyers looking for property in Spain.

Location

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