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Apartment in La Cala de Mijas, 3 bedrooms, 147 m² €495.000

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3
Bedrooms
2
Bathrooms
147 m²
Surface area
€
€3367
Price per m²
Apartment
Property type
Apartment in La Cala de Mijas, 3 bedrooms, 147 m² - Hoofdafbeelding
Apartment in La Cala de Mijas, 3 bedrooms, 147 m² - Afbeelding 1
Apartment in La Cala de Mijas, 3 bedrooms, 147 m² - Afbeelding 2
Apartment in La Cala de Mijas, 3 bedrooms, 147 m² - Afbeelding 3
+28 photos

Analysis

Price
€495.000
Own investment (30%)
€148.500
Buyer costs
€49.500
Estimated nightly rate
€161,24
Expected occupancy rate
64%
Gross rental p/m
€0000
Mortgage costs
-€924
Maintenance costs
-€122,50
Cleaning costs
-€333,33
Platform fees
-€470,82
Municipal taxes
-€117,69
Tax (19%)
-€222,39
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€161,24
High season
€203
Mid season
€156,75
Low season
€124

Price determining factors

  • Proximity to golf courses and beaches increases desirability.
  • Views and outdoor space add premium value.
  • Potential for refurbishment and upgrades.
  • Strong rental license status supports investment appeal.

Comparable accommodations

Rate Hotel / apartment Distance
€260,80 Andalusian Villa with views, Pool, Garden & BBQ 7.2 km
€185 Villa La Guirnalda private pool/wifi/barbecue 17.4 km
€164,40 3 Bed Accommodation with Pool 3.5 km
€314 Livita, Space, Above the beach, Cala de mijas 1.5 km
€195,20 Hacienda el Alamo 13.6 km
€166,20 Seaview house: Rooftop pool,gameroom, parking|REMS 18.7 km
€378,33 Casa Calma ǀ Private Pool ǀ Close to Beach + Golf 15.4 km
€217 Fabulous Villa,private pool, stunning views,Malaga 21.3 km
€210 Beach House 1.7 km
€84 Paradise, sun and beach. Charming terrace. 1.4 km

Return & Value appreciation

Annual return

7.66%

5 Year Return

38.30%

10 Year Return

76.60%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: The property is in good condition but could benefit from modernization to increase value.
  • Local market trends in 2027: The Spanish property market, especially in popular coastal areas like Mijas, is expected to remain stable with potential growth due to tourism and expatriate demand.
  • Property type: As a penthouse, it has high desirability for luxury buyers and renters, which supports appreciation.
  • Economic outlook in 2027: Spain's economy is projected to grow modestly, supported by tourism, infrastructure, and real estate sectors.
  • Demographic developments: Increasing expatriate and retiree populations in Costa del Sol are likely to sustain demand.
  • Infrastructure plans in 2027: Continued improvements in transportation, healthcare, and amenities will enhance property appeal.
  • Historical WOZ value trends: WOZ values have shown steady growth, reflecting increasing property values and local development.

Possible improvements

  • Modernize kitchen and bathrooms to increase appeal.
  • Add smart home features for convenience.
  • Upgrade flooring or fixtures for a more contemporary look.
  • Enhance outdoor spaces with landscaping or additional amenities.

Description

Discover this stunning corner penthouse in La Cala de Mijas, Spain, offering an authentic Andalusian style all on one floor with a valid rental license. Perfectly situated next to Calanova Golf, just a 5-minute drive from the charming town of La Cala de Mijas and its beautiful beaches, this spacious property boasts all-day sunshine from morning to sunset—rare in Calanova. Enjoy panoramic views, including partial sea vistas, within a tranquil urbanization featuring tropical gardens and three swimming pools, creating a lush green environment year-round. This bright, open-concept apartment features generous, airy rooms that are ready for a personalized refurbishment. The expansive, wrap-around terrace provides ample space for outdoor living, with permission to add a Jacuzzi, pergolas, or glass enclosures, making it ideal for relaxing or entertaining. The master bedroom grants access to the terrace, with a walk-in closet and en-suite bathroom that includes a window, while the other bedrooms face north with windows for natural light. The property includes two bathrooms, a kitchen with direct access to the terrace, and elegant marble floors throughout, aside from the tiled bathrooms and kitchen. Additional features include a storage room, one underground parking space, and multiple outdoor parking options for guests. The nearby Calanova Golf Clubhouse offers dining, entertainment, a golf shop, and training facilities, enhancing the resort-style living experience. Conveniently located 25 minutes from Malaga Airport and Marbella, and 15 minutes from Fuengirola, this spacious La Cala de Mijas penthouse is a fantastic investment opportunity. Contact us today—offers are welcome for this exceptional property in Spain.

Location

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