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3
Bedrooms
2
Bathrooms
147 m²
Surface area
€
€3231
Price per m²
Apartment
Property type
+28 photos
Analysis
Price
€475.000
Own investment (30%)
€142.500
30% down payment of purchase price
Buyer costs
€47.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€161,24
Expected occupancy rate
64%
Gross rental p/m
Log in to see the annual gross rental income
€0000
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Mortgage costs
-€886,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€122,50
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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€470,82
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€117,69
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€229,48
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
€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
6.18%
5 Year Return
30.90%
10 Year Return
61.80%
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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