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Apartment in Estepona, 3 bedrooms, 84 m² €399.000

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3
Bedrooms
1
Bathrooms
84 m²
Surface area
€
€4750
Price per m²
Apartment
Property type
Apartment in Estepona, 3 bedrooms, 84 m² - Hoofdafbeelding
Apartment in Estepona, 3 bedrooms, 84 m² - Afbeelding 1
Apartment in Estepona, 3 bedrooms, 84 m² - Afbeelding 2
Apartment in Estepona, 3 bedrooms, 84 m² - Afbeelding 3
+22 photos

Analysis

Price
€399.000
Own investment (30%)
€119.700
Buyer costs
€39.900
Estimated nightly rate
€122,80
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€744,80
Maintenance costs
-€70
Cleaning costs
-€333,33
Platform fees
-€364,18
Municipal taxes
-€97,29
Tax (19%)
-€155,47
Cashflow p.m.
Earned back in
00months

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Nightly Rates

Estimated nightly rate
€122,80
High season
€154
Mid season
€121
Low season
€96

Price determining factors

  • Proximity to beaches, historic Old Town, and amenities.
  • Quality of local schools and healthcare facilities.
  • Accessibility and transportation links.
  • Potential for renovation or expansion, such as adding a guest toilet.

Comparable accommodations

Rate Hotel / apartment Distance

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, likely to attract tenants and buyers.
  • Local market trends in 2027: Expected growth due to increasing tourism and demand for coastal properties.
  • Property type: Apartment in a desirable location, typically appreciating steadily.
  • Economic outlook in 2027: Positive, with continued growth in Spain's tourism and real estate sectors.
  • Demographic developments: Growing expatriate and retiree populations seeking coastal living.
  • Infrastructure plans in 2027: Ongoing improvements in transport, amenities, and connectivity in Estepona.
  • Historical WOZ value trends: Consistent increase reflecting rising property values and local development.

Possible improvements

  • Install a guest toilet for added convenience.
  • Upgrade kitchen and bathroom fixtures to modern standards.
  • Enhance outdoor terraces with furniture or landscaping.
  • Improve interior decor to increase appeal for short-term rentals.

Description

Discover this bright and spacious apartment in the charming outskirts of Estepona's historic Old Town, offering an ideal blend of authentic Andalusian charm and modern comfort in Spain. This well-maintained Estepona property features three generous bedrooms, a stylish bathroom, and two inviting terraces—one with open views and another providing privacy, perfect for enjoying morning coffee or evening relaxation. Natural light floods the interior through windows facing multiple directions, creating a warm and harmonious living space. Located in a tranquil area just outside Estepona's vibrant center, the apartment is within walking distance to picturesque whitewashed streets, charming squares, and a variety of restaurants and cafes. The promenade and beach are easily accessible, making this an excellent choice for beach lovers and those seeking a relaxed coastal lifestyle. The building offers convenient amenities such as an elevator, ensuring easy and secure access. Additionally, a quote is available for installing a guest toilet, providing further customization options. Whether you're looking for a permanent residence or a holiday home, this Estepona apartment presents a fantastic opportunity to enjoy the best of Spain’s Costa del Sol, combining proximity to the sea, lively town life, and authentic Andalusian surroundings.

Location

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