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Apartment in La Cala de Mijas, 2 bedrooms, 120 m² €425.000

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Bedrooms

Bathrooms

120 m²

Surface area

€

€3542

Price per m²

Apartment

Property type

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

View Report

Price

€425.000

Own investment (30%)

30% down payment of purchase price

€127.500

Buyer costs (10%)

10% of purchase price

€42.500

Estimated nightly rate

€111,42

Expected occupancy rate

68%

Gross rental p/m

€0000 Sign in to view

Mortgage interest rate (%)

Monthly mortgage = interest on the loan + linear repayment per year. Changing the term updates the annual repayment automatically.

Mortgage term (years)

Repayment (per year)

€

Total mortgage costs -€793,33

Maintenance costs

Estimated annual maintenance costs (10€/m²). This is the rule of thumb for existing and older homes. For new construction, this is usually lower.

-€100

Cleaning costs

Annual cleaning costs: €3500 (€291,67/month). Based on number of bedrooms.

-€291,67

Platform fees

15% commission based on average fees from Booking.com and Airbnb

-€345,68

Municipal taxes

Municipal taxes for La Cala de Mijas

-€112,38

Tax (19%)

This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.

-€125,68

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

* Indicative calculation based on a linear mortgage.

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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

All comparable accommodations and their nightly rates are retrieved from booking platforms.

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

3.78%

5 Year Return

18.90%

10 Year Return

37.80%

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.