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Apartment in Mijas, 2 bedrooms, 70 m² €329.000

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2
Bedrooms
1
Bathrooms
70 m²
Surface area
€
€4700
Price per m²
Apartment
Property type
Apartment in Mijas, 2 bedrooms, 70 m² - Hoofdafbeelding
Apartment in Mijas, 2 bedrooms, 70 m² - Afbeelding 1
Apartment in Mijas, 2 bedrooms, 70 m² - Afbeelding 2
Apartment in Mijas, 2 bedrooms, 70 m² - Afbeelding 3
+26 photos

Analysis

Price
€329.000
Own investment (30%)
€98.700
Buyer costs
€32.900
Estimated nightly rate
€103,04
Expected occupancy rate
68%
Gross rental p/m
€0000
Mortgage costs
-€614,13
Maintenance costs
-€58,33
Cleaning costs
-€291,67
Platform fees
-€319,68
Municipal taxes
-€82,41
Tax (19%)
-€145,35
Cashflow p.m.
Earned back in
00months

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Nightly Rates

Estimated nightly rate
€103,04
High season
€138
Mid season
€100,42
Low season
€82

Price determining factors

  • Proximity to beaches and urban centers: Enhances desirability.
  • Quality of amenities: Pool, gardens, and outdoor spaces add value.
  • Accessibility: Good road links and parking facilities.
  • Potential for renovation: Opportunity to upgrade interiors for higher value.
  • Market demand: High for holiday rentals and long-term residents.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

7.53%

5 Year Return

37.65%

10 Year Return

75.30%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with recent updates, which supports steady appreciation.
  • Local market trends in 2027: Expected to be positive due to increasing demand for holiday and retirement homes in Mijas.
  • Property type: Ground floor apartment with outdoor space, appealing for both residents and investors.
  • Economic outlook in 2027: Likely stable or improving, driven by tourism and real estate development in the Costa del Sol.
  • Demographic developments: Growing expatriate and retiree populations increasing demand.
  • Infrastructure plans in 2027: Improvements in transportation and amenities in Mijas and nearby areas.
  • Historical WOZ value trends: Consistent growth reflecting regional development and popularity.

Possible improvements

  • Renovate the interior to modern standards.
  • Upgrade kitchen and bathroom fixtures.
  • Enhance outdoor space with landscaping or additional features.
  • Install energy-efficient systems to reduce utility costs.
  • Improve storage solutions and lighting.

Description

Discover this charming ground floor apartment in the sought-after Cortijo Chico area of Mijas, Spain. Perfectly situated for both tranquility and accessibility, this sunny Mijas property offers a comfortable living space with two bedrooms and a spacious bathroom in excellent condition. The flexible layout allows for easy customization into an open-plan living area, ideal for modern lifestyles. The bedrooms face west, providing restful sleep, while the living room, with direct access to a massive 150m² terrace, faces south, ensuring abundant natural light throughout the day. The expansive terrace presents numerous possibilities for outdoor living, featuring paved areas, a lush garden with trees, a pergola with a barbecue, and ample space for relaxation or entertaining. Additional features include a private storage room, underground parking, and access to street parking for visitors. The residential complex boasts a communal swimming pool and beautifully maintained gardens, creating a peaceful environment for families and individuals alike. Located just minutes from Fuengirola and Marbella, with quick access to major roads and Malaga Airport, this Mijas apartment combines convenience with serenity. Whether you're seeking a permanent residence, holiday home, or investment opportunity in Mijas, Spain, this property offers exceptional value in a prime location. Schedule a viewing today and experience the best of Mijas living.

Location

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