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2
Bedrooms
2
Bathrooms
92 m²
Surface area
€
€5000
Price per m²
Apartment
Property type
+31 photos
Analysis
Price
€460.000
Own investment (30%)
€138.000
30% down payment of purchase price
Buyer costs
€46.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€111,42
Expected occupancy rate
68%
Gross rental p/m
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€0000
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Mortgage costs
-€858,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€76,67
{% 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
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€345,68
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€110,25
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€118,10
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
€111,42
High season
€149
Mid season
€108,50
Low season
€87
Price determining factors
- Proximity to beaches, restaurants, shops, and schools.
- Low community fees increase attractiveness.
- High-quality finishes and amenities.
- Gated community with pools and landscaped gardens.
- Potential for rental income, especially in holiday seasons.
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
4.38%
5 Year Return
21.90%
10 Year Return
43.80%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern finishes, recent appliances, and upgrades support value retention and appreciation.
- Local market trends in 2027: Growing demand for holiday and permanent residences on Costa del Sol, driven by tourism and expatriate influx.
- Property type: Ground-floor apartments are popular for accessibility and outdoor space, appealing to a broad demographic.
- Economic outlook in 2027: Spain's economy is expected to stabilize with moderate growth, supporting real estate appreciation.
- Demographic developments: Increasing expatriate population and retirees seeking sunny climates boost demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and amenities enhance property appeal.
- Historical WOZ value trends: Consistent increase in property values and local taxes indicate a positive trend.
Possible improvements
- Adding smart home technology.
- Upgrading kitchen appliances or finishes.
- Enhancing outdoor space with landscaping or outdoor furniture.
- Installing energy-efficient windows or solar panels.
- Improving storage solutions or adding built-in shelving.
Description
Discover this stunning 2-bedroom ground floor apartment in La Cala de Mijas, Spain, offering the perfect blend of comfort, style, and convenience on the sunny Costa del Sol. This spacious and airy property features a modern open-plan kitchen, a bright living and dining area, and a large terrace with glass curtains, ideal for outdoor entertaining. High-quality finishes, new appliances, double glazing, air conditioning, and a heat pump ensure year-round comfort. The apartment includes an underground parking space and a storage room, providing added practicality.
Located within a secure, gated community, residents enjoy access to two swimming pools, beautifully landscaped gardens, and a peaceful environment. The ground-floor position offers easy accessibility, with an entrance at ground level, making it suitable for all. Low community fees of just €119 per month make this an excellent value investment.
Perfectly positioned just minutes from La Cala de Mijas’s beaches, restaurants, shops, and schools, this property makes an ideal permanent residence, holiday retreat, or investment opportunity. Compared to new builds in the area, which often cost €200,000 to €300,000 more and are further from the sea and town, this apartment provides exceptional value in a prime location.
Experience the best of La Cala de Mijas, Spain, with this well-maintained, high-quality apartment that combines comfort, security, and affordability on the Costa del Sol.
Location
Nightly rates in the area
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