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1
Bedrooms
1
Bathrooms
60 mĀ²
Surface area
ā¬
ā¬6667
Price per mĀ²
Apartment
Property type
+10 photos
Analysis
Price
ā¬400.000
Own investment (30%)
ā¬120.000
30% down payment of purchase price
Buyer costs
ā¬40.000
Buyer costs: 10% of purchase price
Estimated nightly rate
ā¬80,99
Expected occupancy rate
69%
Gross rental p/m
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ā¬0000
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Mortgage costs
-ā¬746,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-ā¬50
{% trans 'Estimated annual maintenance costs (10ā¬/mĀ²). This is the
rule of thumb for existing and older homes. For new construction,
this is usually lower.' %}
Cleaning costs
-ā¬291,67
Annual cleaning costs:ā¬3500 (ā¬291.67/month).Based on number of bedrooms.
Platform fees
-ā¬254,97
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-ā¬97,50
Municipal taxes for Mijas
Tax
(19%)
-ā¬49,20
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
ā¬80,99
High season
ā¬109
Mid season
ā¬78,92
Low season
ā¬61
Price determining factors
- Location within Mijas and proximity to golf and coast.
- Views overlooking Cerrado del Ćguila Golf Club.
- Luxury amenities and resort-style facilities.
- Construction quality and modern design.
- Potential for rental income due to tourist demand.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
2.10%
5 Year Return
10.50%
10 Year Return
21.00%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained new development enhances value.
- Local market trends in 2027: Growing demand for coastal properties in Costa del Sol.
- Property type: Apartments in a luxury development attract higher appreciation.
- Economic outlook in 2027: Positive economic growth in Spain and Europe.
- Demographic developments: Increasing interest from international buyers and retirees.
- Infrastructure plans in 2027: Improved transportation and amenities in Mijas and surrounding areas.
- Historical WOZ value trends: Steady increase reflecting rising property values.
Possible improvements
- Adding smart home technology.
- Upgrading interior finishes for higher-end appeal.
- Enhancing outdoor spaces with landscaping or terraces.
- Improving energy efficiency features.
- Including additional storage or parking options.
Description
Discover exceptional luxury living in this new development in Mijas, Spain, with prices ranging from ā¬400,000 to ā¬1,720,000. Featuring spacious one to four-bedroom apartments and elegant four-bathroom layouts, these properties offer built sizes from 60mĀ² to 191mĀ². Set amidst the vibrant Mijas Costa and overlooking the prestigious Cerrado del Ćguila Golf Club, this exclusive residential project combines the tranquility of coastal life with convenient access to MĆ”laga, Marbella, and Fuengirola. Designed for comfort and style, each of the six boutique buildings comprises 71 premium apartments that maximize natural light and breathtaking views. Residents will enjoy expansive terraces, lush landscaped gardens, and floor-to-ceiling windows that seamlessly blend indoor comfort with outdoor beauty. Top-tier resort-style amenities further enhance the living experience, making this Mijas property ideal for those seeking a serene retreat with investment potential in Spainās sought-after Costa del Sol region. Construction is scheduled to commence in Q4 2025, with completion expected by Q4 2027. Experience the best of Mijas, Spain, with this premier residential development offering a perfect blend of elegance, convenience, and coastal charm.
Location
Nightly rates in the area
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