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2
Bedrooms
2
Bathrooms
118 m²
Surface area
€
€4237
Price per m²
Apartment
Property type
+42 photos
Analysis
Price
€499.999
Own investment (30%)
€149.999,70
30% down payment of purchase price
Buyer costs
€49.999,90
Buyer costs: 10% of purchase price
Estimated nightly rate
€112,44
Expected occupancy rate
68%
Gross rental p/m
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€0000
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Mortgage costs
-€933,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€98,33
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
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€348,84
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€118,75
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€101,59
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
€112,44
High season
€150
Mid season
€109,42
Low season
€89
Price determining factors
- Proximity to beaches, golf courses, and amenities.
- High-quality communal facilities and security.
- Views of sea, mountains, and gardens.
- Potential for rental income and holiday rentals.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €133,60 | An impressive beach house | 1.1 km |
| €203 | Casa Flores - Panoramic views, pool, tennis, BBQ | 10.0 km |
| €132,40 | Spectacular house on Carvajal Beach | 10.3 km |
| €125,20 | Picturesque Casita Mijas Pueblo | 10.9 km |
| €166,80 | Chariming and creative house 50m from the beach | 11.3 km |
| €134,80 | Cubo's Finca La Graciosa (Cubo's Farm) | 16.5 km |
| €275,20 | Casa Tetuan in old town Marbella, a manicured home | 18.1 km |
| €186,80 | Unique place with roof terrace in Old town | 18.3 km |
| €116 | Charming Sea Front Bungalow | 20.6 km |
| €124,86 | Sunny hillside casita in Guaro | 22.0 km |
Return & Value appreciation
Annual return
2.60%
5 Year Return
13.00%
10 Year Return
26.00%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern finishes enhance value.
- Local market trends in 2027: Expected growth due to tourism and expatriate demand.
- Property type: Apartments in high-demand resort areas tend to appreciate.
- Economic outlook in 2027: Positive, with growth in tourism and real estate sectors.
- Demographic developments: Increasing expatriate and retiree populations boost demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities.
- Historical WOZ value trends: Steady increase reflecting market appreciation.
Possible improvements
- Renovate kitchen and bathrooms for modern appeal.
- Upgrade flooring or fixtures to premium materials.
- Add smart home features for convenience.
- Enhance outdoor space with landscaping or furniture.
Description
Discover this stunning 2-bedroom, 2-bathroom apartment in the prestigious Casa Banderas development, situated in the picturesque fishing village of La Cala de Mijas on Spain's Costa del Sol. Perfectly positioned just minutes from pristine beaches, world-class golf courses, and vibrant local amenities, this property offers an ideal blend of luxury and convenience. Located within a secure gated community with 24/7 security, this modern La Cala de Mijas apartment epitomizes relaxed Mediterranean living in a highly sought-after area.
The bright, open-plan design maximizes space and natural light, complemented by a spacious 20m² terrace boasting breathtaking panoramic views of the sea, mountains, and lush gardens. Finished to the highest standards, the property includes private underground parking and a dedicated storage room. Residents benefit from exceptional communal facilities, including three swimming pools, a rejuvenating spa, a fully equipped gym, a social club, and a barbecue area nestled within beautifully maintained gardens.
Whether you're seeking a permanent residence, a holiday retreat, or a lucrative investment opportunity, this move-in-ready apartment in La Cala de Mijas offers unparalleled value. Its prime location, premium features, and access to top-tier amenities make it a standout choice on the Costa del Sol. Don't miss this rare opportunity to own a piece of Spain's most desirable coastal region.
Location
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