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3
Bedrooms
2
Bathrooms
118 m²
Surface area
€
€4619
Price per m²
Apartment
Property type
+13 photos
Analysis
Price
€545.000
Own investment (30%)
€163.500
30% down payment of purchase price
Buyer costs
€54.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€161,15
Expected occupancy rate
64%
Gross rental p/m
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€0000
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Mortgage costs
-€1.017,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€98,33
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
-€470,56
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€128,31
Municipal taxes for La Cala Hills
Tax
(19%)
-€206,95
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
€161,15
High season
€204
Mid season
€156,42
Low season
€124
Price determining factors
- Proximity to golf courses and beaches: Enhances desirability.
- Community amenities: Pools, tennis courts, and green areas add value.
- Recent upgrades: The façade upgrade in 2023 improves curb appeal.
- Location: Close to Fuengirola, Marbella, and Málaga Airport increases attractiveness.
- Property features: Large terrace, modern design, security features, and parking.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 4.6 km |
| €185 | Villa La Guirnalda private pool/wifi/barbecue | 12.5 km |
| €164,40 | 3 Bed Accommodation with Pool | 5.6 km |
| €314 | Livita, Space, Above the beach, Cala de mijas | 5.1 km |
| €195,20 | Hacienda el Alamo | 9.3 km |
| €166,20 | Seaview house: Rooftop pool,gameroom, parking|REMS | 16.3 km |
| €92,80 | House Technology Park, luxury for you! | 23.2 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 15.5 km |
| €217 | Fabulous Villa,private pool, stunning views,Malaga | 17.7 km |
| €210 | Beach House | 5.1 km |
Return & Value appreciation
Annual return
4.86%
5 Year Return
24.30%
10 Year Return
48.60%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property has been fully renovated, which enhances its appeal and value.
- Local market trends in 2027: The Spanish property market, especially in popular areas like La Cala Hills, is expected to remain strong due to tourism and foreign investment.
- Property type: As a penthouse, it offers exclusivity and panoramic views, which are highly desirable.
- Economic outlook in 2027: Spain's economy is projected to grow steadily, supporting real estate appreciation.
- Demographic developments: Increasing demand from expatriates and retirees seeking luxury properties in Spain.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities will likely boost property values.
- Historical WOZ value trends: Past trends indicate consistent appreciation in property values in this region.
Possible improvements
- Adding a private jacuzzi or pool on the terrace.
- Upgrading kitchen appliances and finishes.
- Enhancing outdoor living spaces with furniture or landscaping.
- Installing smart home technology for added convenience.
- Improving energy efficiency with solar panels or better insulation.
Description
Discover this stunning fully renovated 118 sqm penthouse in La Cala Hills, Spain, offering panoramic views and exceptional modern living. Located just minutes from Mijas Golf, this exquisite property combines contemporary design with Nordic elegance, making it an ideal choice for those seeking a luxurious lifestyle in Spain. The penthouse features three spacious bedrooms with built-in wardrobes, two modern bathrooms, and a sleek, state-of-the-art kitchen, perfect for comfortable living and entertaining. Step out onto the expansive 104 sqm east-facing terrace, where you can enjoy breathtaking sunrises over Mijas town and the surrounding mountains. Situated within an exclusive community, residents benefit from two swimming pools, tennis and paddle courts, beautifully landscaped green areas, and a modern service building with showers and toilets. The low-rise community blocks, recently upgraded with a 2023 façade, ensure a peaceful environment. Security is paramount with private indoor parking, secure storage, gated entry, and video surveillance. Prime location highlights include proximity to St. Anthony’s College (150m), direct bus access to Fuengirola (50m), and easy drives to La Cala, Marbella, Puerto Banús, and Málaga Airport within 15-20 minutes. Walking distance to cafes, restaurants, a paddle club, and gym facilities adds convenience to this exceptional property. This La Cala Hills penthouse seamlessly blends modern design, privacy, and prime location, representing a rare opportunity to own a top-tier residence in Spain. Contact us today to schedule your private viewing of this outstanding La Cala Hills penthouse in Spain.
Location
Nightly rates in the area
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