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3
Bedrooms
2
Bathrooms
124 m²
Surface area
€
€2661
Price per m²
Apartment
Property type
+20 photos
Analysis
Price
€330.000
Own investment (30%)
€99.000
30% down payment of purchase price
Buyer costs
€33.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€164,03
Expected occupancy rate
66%
Gross rental p/m
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€0000
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Mortgage costs
-€616
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€103,33
{% 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
-€82,62
Municipal taxes for Estepona
Tax
(19%)
-€316,10
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
€164,03
High season
€220
Mid season
€160,58
Low season
€130
Price determining factors
- Proximity to beaches and amenities: The location is highly desirable.
- Property size and layout: Spacious apartments attract higher prices.
- Building amenities and views: The rooftop terrace and city views add value.
- Market demand: High demand for city center properties in Estepona.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
16.33%
5 Year Return
81.65%
10 Year Return
163.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property appears to need some renovation, which could increase its value once improved.
- Local market trends in 2027: The Estepona real estate market is expected to grow due to increasing tourism and foreign investment.
- Property type: Apartments in prime city center locations tend to appreciate well, especially with potential upgrades.
- Economic outlook in 2027: Spain's economy is projected to stabilize and grow, supporting real estate appreciation.
- Demographic developments: An influx of younger residents and retirees seeking coastal living will likely boost demand.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities will enhance property value.
- Historical WOZ value trends: Past trends show steady appreciation in property values in Estepona.
Possible improvements
- Renovate the interior to modern standards.
- Add a lift or improve access to the roof terrace.
- Upgrade bathrooms and kitchen for increased appeal.
- Enhance energy efficiency with new windows or insulation.
Description
Discover a fantastic opportunity to own a spacious, charming apartment in the heart of Estepona, Spain. This large, well-maintained property offers 94 square meters of living space, perfectly situated on the third floor of a vibrant city center building on the main street of Estepona, one of Europe's top-rated places to live. Ideal for those seeking a lively yet relaxed lifestyle, this Estepona apartment is just a short walk from stunning beaches and local amenities. Featuring three bedrooms, including a generous master en-suite, and two bathrooms, the apartment provides a bright and airy atmosphere with ample space for comfortable living. Please note, there is no lift in the building, but the property grants access to a large roof terrace, perfect for entertaining or enjoying panoramic views of Estepona. Whether you're looking for a permanent residence or a lucrative investment in Estepona, Spain, this property offers exceptional potential. Take advantage of its prime location in the heart of Estepona, renowned for its charming old town, vibrant culture, and beautiful coastline. Don't miss this unique opportunity to own a spacious apartment in Estepona, Spain, a city celebrated as the best place to live in Europe. Contact us today to learn more about this remarkable property and start your journey to living in one of Spain's most desirable locations.
Location
Nightly rates in the area
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