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Apartment in La Cala de Mijas, 2 bedrooms, 120 m² €470.000

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2
Bedrooms
2
Bathrooms
120 m²
Surface area
€
€3917
Price per m²
Apartment
Property type
Apartment in La Cala de Mijas, 2 bedrooms, 120 m² - Hoofdafbeelding
Apartment in La Cala de Mijas, 2 bedrooms, 120 m² - Afbeelding 1
Apartment in La Cala de Mijas, 2 bedrooms, 120 m² - Afbeelding 2
Apartment in La Cala de Mijas, 2 bedrooms, 120 m² - Afbeelding 3
+11 photos

Analysis

Price
€470.000
Own investment (30%)
€141.000
Buyer costs
€47.000
Estimated nightly rate
€111,42
Expected occupancy rate
68%
Gross rental p/m
€0000
Mortgage costs
-€877,33
Maintenance costs
-€100
Cleaning costs
-€291,67
Platform fees
-€345,68
Municipal taxes
-€112,38
Tax (19%)
-€109,72
Cashflow p.m.
Earned back in
00months

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Nightly Rates

Estimated nightly rate
€111,42
High season
€149
Mid season
€108,50
Low season
€87

Price determining factors

  • Proximity to beach and amenities: Enhances desirability and value.
  • Views and outdoor space: Panoramic sea views and large terrace increase appeal.
  • Property condition: Modern, well-maintained condition supports higher pricing.
  • Market demand: High demand for holiday and retirement homes in the area.
  • Economic factors: Stable local economy, tourism growth, and favorable exchange rates.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

3.98%

5 Year Return

19.90%

10 Year Return

39.80%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with modern amenities, likely to attract buyers and renters.
  • Local market trends in 2027: Expected growth due to increasing tourism and demand for holiday homes.
  • Property type: Apartments tend to appreciate steadily in popular holiday destinations.
  • Economic outlook in 2027: Positive, with growth in Spain's economy supporting real estate investments.
  • Demographic developments: Growing expatriate and retiree populations seeking seaside properties.
  • Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and amenities in La Cala de Mijas.
  • Historical WOZ value trends: Consistent increase reflecting rising property values in the area.

Possible improvements

  • Renovate kitchen and bathrooms with modern fixtures.
  • Upgrade flooring and paint for a fresh look.
  • Add smart home features for increased convenience.
  • Improve outdoor space with landscaping or outdoor furniture.
  • Enhance energy efficiency with better insulation or solar panels.

Description

Discover this exceptional apartment in La Cala de Mijas, Spain, perfectly situated just a two-minute walk from the beautiful beach and vibrant promenade. This spacious two-bedroom, two-bathroom apartment offers a comfortable living space with a large sitting room featuring a cozy fireplace, a fully fitted modern kitchen, and a welcoming hall area. The living room opens onto a generous terrace with glass curtains, providing stunning panoramic views of the sea and surrounding landscape—ideal for relaxing or entertaining. Located in the heart of La Cala de Mijas, this property presents a fantastic investment opportunity, suitable for year-round living or as a holiday retreat. The vibrant town offers an array of amenities, including excellent restaurants, cafes, bars, shops, parks, and schools, all within walking distance. The apartment is on the second floor of a well-maintained complex with lift access, ensuring convenience and comfort. Whether you're seeking a permanent residence or a seaside holiday home in Spain, this La Cala de Mijas apartment combines prime location, modern comforts, and spectacular views—making it an excellent choice for discerning buyers looking for property in La Cala de Mijas, Spain.

Location

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