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2
Bedrooms
2
Bathrooms
73 m²
Surface area
€
€8151
Price per m²
Apartment
Property type
+29 photos
Analysis
Price
€595.000
Own investment (30%)
€178.500
30% down payment of purchase price
Buyer costs
€59.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€112,66
Expected occupancy rate
67%
Gross rental p/m
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€0000
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Mortgage costs
-€1.110,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€60,83
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
-€344,39
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€138,94
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€66,39
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
€112,66
High season
€151
Mid season
€109,58
Low season
€90
Price determining factors
- Property condition: Modern and luxurious features increase desirability.
- Local market trends in 2027: Growing tourism and expatriate population will sustain high demand.
- Property type: Luxury penthouse appeals to high-end buyers and investors.
- Economic outlook in 2027: Positive economic growth supports property appreciation.
- Demographic developments: Aging population and influx of foreign buyers drive demand.
- Infrastructure plans in 2027: Planned upgrades in local infrastructure will enhance accessibility and attractiveness.
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
1.43%
5 Year Return
7.15%
10 Year Return
14.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained modern amenities and recent renovations support value growth.
- Local market trends in 2027: Expected continued demand for luxury properties in prime locations like La Cala de Mijas.
- Property type: Penthouse apartments typically appreciate faster due to exclusivity and views.
- Economic outlook in 2027: Spain's economy is projected to grow steadily, supporting real estate investments.
- Demographic developments: Increasing interest from expatriates and retirees enhances demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities will boost property values.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Adding a third bedroom by converting one of the terraces.
- Upgrading kitchen appliances and finishes for higher appeal.
- Enhancing outdoor spaces with landscaping or additional amenities.
- Installing smart home technology for modern convenience.
Description
Discover this stunning modern penthouse apartment in La Cala de Mijas, Spain, offering unparalleled panoramic views and luxurious amenities. Located within a secure gated complex, this property provides exclusive access to a gym, spa, indoor heated pool, sauna, and Turkish hammam, creating a wellness retreat right at home. The apartment features an open-concept layout with a spacious kitchen and living area, flooded with natural light and designed for comfort and style. Two expansive terraces invite you to enjoy morning and afternoon sunshine, with breathtaking vistas of the Mediterranean Sea on one side and the charming Mijas Pueblo on the other. This 2-bedroom, 2-bathroom residence presents a fantastic opportunity to customize a third bedroom from one of the terraces, enhancing its versatility. Situated just minutes from the picturesque fishing village of La Cala de Mijas, this property is close to Calanova Golf and some of the best local restaurants within walking distance. Additional features include underground parking, a storage room, and access to a fitness center, making this a perfect investment or permanent residence in Spain. With easy 24/7 viewing options, this La Cala de Mijas penthouse offers the ideal blend of luxury, location, and lifestyle—an exceptional opportunity for those seeking a premium property in Spain.
Location
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