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3
Bedrooms
2
Bathrooms
95 m²
Surface area
€
€4737
Price per m²
Apartment
Property type
+21 photos
Analysis
Price
€450.000
Own investment (30%)
€135.000
30% down payment of purchase price
Buyer costs
€45.000
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
-€840
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€79,17
{% 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
-€108,12
Municipal taxes for Estepona
Tax
(19%)
-€273,28
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, shops, and restaurants: Enhances desirability.
- Views and outdoor space: Sea views and terrace increase value.
- Property size and layout: Spacious duplex with modern design.
- Local development projects: New infrastructure and tourism facilities planned.
- Economic factors: Euro stability, regional economic growth, and tourism trends.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
10.36%
5 Year Return
51.80%
10 Year Return
103.60%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with modern amenities, likely to attract higher ROI.
- Local market trends in 2027: Expected growth due to increasing tourism and demand for coastal properties.
- Property type: Luxury duplex penthouse, which generally appreciates faster in prime locations.
- Economic outlook in 2027: Positive, with steady growth in Spain and the Costa del Sol region.
- Demographic developments: Increasing number of retirees and expatriates seeking coastal living.
- Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and amenities in Estepona.
- Historical WOZ value trends: Consistent increase in property values and local taxes, indicating rising property worth.
Possible improvements
- Renovate kitchen and bathrooms with high-end fixtures.
- Upgrade air conditioning and heating systems for energy efficiency.
- Enhance outdoor spaces with landscaping or additional amenities.
- Implement smart home technology for modern convenience.
- Improve interior decor to appeal to luxury buyers.
Description
Discover this exceptional duplex penthouse in the heart of Estepona, Spain, offering a unique opportunity to own a luxurious property on the Costa del Sol. Located in the prestigious Edificio Los Cármenes, this Estepona penthouse combines modern comfort with stunning Mediterranean vistas. The spacious duplex features three generous bedrooms and two contemporary bathrooms, perfect for family living or entertaining guests. Enjoy the bright, sun-filled terrace with spectacular sea views, ideal for relaxing or outdoor dining. The fully equipped independent kitchen provides a functional space for culinary enthusiasts, while air conditioning ensures comfort year-round. Situated just minutes from Estepona’s beautiful beaches, vibrant shops, exquisite restaurants, and all the attractions of the town center, this property provides unparalleled convenience and lifestyle. Designed to maximize natural light and sea breezes, this Estepona penthouse is perfect for permanent residence or holiday home on the Costa del Sol. Don’t miss this rare opportunity to own a prime property in Estepona, Spain—an ideal investment for those seeking coastal living with modern amenities. Contact us today for more information or to schedule a viewing.
Location
Nightly rates in the area
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