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Apartment in Estepona, 3 bedrooms, 113 m² €400.000

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3
Bedrooms
2
Bathrooms
113 m²
Surface area
€
€3540
Price per m²
Apartment
Property type
Apartment in Estepona, 3 bedrooms, 113 m² - Hoofdafbeelding
Apartment in Estepona, 3 bedrooms, 113 m² - Afbeelding 1
Apartment in Estepona, 3 bedrooms, 113 m² - Afbeelding 2
Apartment in Estepona, 3 bedrooms, 113 m² - Afbeelding 3
+16 photos

Analysis

Price
€400.000
Own investment (30%)
€120.000
Buyer costs
€40.000
Estimated nightly rate
€164,03
Expected occupancy rate
66%
Gross rental p/m
€0000
Mortgage costs
-€746,67
Maintenance costs
-€94,17
Cleaning costs
-€333,33
Platform fees
-€493,94
Municipal taxes
-€97,50
Tax (19%)
-€290,19
Cashflow p.m.
Earned back in
00months

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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 the beach and amenities: High desirability increases value.
  • Sea views: Premium feature that enhances property worth.
  • Property condition: Needs renovation, which could limit current value but offers upside after upgrades.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

12.37%

5 Year Return

61.85%

10 Year Return

123.70%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Renovation can significantly increase value by modernizing and upgrading the apartment.
  • Local market trends in 2027: Continued demand for coastal properties in Estepona, driven by tourism and expatriate interest.
  • Property type: Apartments in prime locations like Estepona tend to appreciate steadily, especially with sea views.
  • Economic outlook in 2027: Spain's economy is expected to recover and grow, supporting real estate appreciation.
  • Demographic developments: Increasing expatriate and retiree populations in Costa del Sol boost demand.
  • Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and tourism infrastructure enhance property values.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Renovate and modernize interiors to increase appeal.
  • Upgrade bathrooms and kitchen for higher rental and resale value.
  • Improve energy efficiency and add smart home features.
  • Enhance outdoor space, such as the terrace, with landscaping or furniture.

Description

Discover this charming 3-bedroom apartment for sale in Estepona, Spain, ideally situated just one minute from the beach on Avenida Juan Carlos I. This spacious property offers 113 m² of living space, including a private 15 m² terrace with stunning sea views, perfect for enjoying the sunny Costa del Sol climate. Located in a highly desirable area of Estepona, the apartment is on the middle floor and faces south-southwest, ensuring abundant natural light throughout the day. It features three generous bedrooms with built-in wardrobes, two full bathrooms, an independent laundry room, and an included underground parking space. The property’s prime location provides easy access to the beach, promenade, marina, and all essential amenities such as shops, schools, and public transportation, making it an excellent choice for families or investors seeking high rental yields in Estepona, Spain. While requiring renovation, this apartment offers a fantastic opportunity to personalize and upgrade to your preferences. Whether you’re looking for a permanent home or a profitable investment property in Estepona, this residence combines convenience, sea views, and potential in the heart of Costa del Sol’s most sought-after area. Don’t miss the chance to own a piece of paradise in Estepona, Spain—just steps from the beach!

Location

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