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2
Bedrooms
1
Bathrooms
82 m²
Surface area
€
€4573
Price per m²
Apartment
Property type
+17 photos
Analysis
Price
€375.000
Own investment (30%)
€112.500
30% down payment of purchase price
Buyer costs
€37.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€103,04
Expected occupancy rate
68%
Gross rental p/m
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€0000
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Mortgage costs
-€700
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€68,33
{% trans '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
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€319,68
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€92,19
Municipal taxes for Mijas
Tax
(19%)
-€125,27
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
€103,04
High season
€138
Mid season
€100,42
Low season
€82
Price determining factors
- Proximity to the Mediterranean Sea and scenic views.
- Community amenities like pools and cafes add value.
- South-west orientation provides abundant sunlight, desirable for buyers.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
5.70%
5 Year Return
28.50%
10 Year Return
57.00%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with modern amenities enhances value.
- Local market trends in 2027: Growing demand for holiday homes and rentals in Mijas.
- Property type: Apartments in resort areas tend to appreciate steadily.
- Economic outlook in 2027: Positive economic growth in Spain and Europe supports property appreciation.
- Demographic developments: Increasing interest from retirees and international buyers.
- Infrastructure plans in 2027: Improvements in transportation and local amenities boost attractiveness.
- Historical WOZ value trends: Consistent increase indicating rising property values.
Possible improvements
- Adding a lift to improve accessibility.
- Renovating the kitchen and bathroom for modern appeal.
- Enhancing outdoor space with a small garden or upgraded terrace.
- Installing energy-efficient windows and appliances to reduce costs.
Description
Discover this beautifully presented 2-bedroom, 1-bathroom first-floor apartment in the sought-after Rancho 'B' development, located in the picturesque town of Mijas, Spain. This charming property offers stunning views of lush gardens and the sparkling Mediterranean Sea, making it an ideal holiday home or investment in Mijas. The apartment benefits from a south-westerly orientation, ensuring abundant sunshine from mid-morning onwards, complemented by stylish glass curtains that allow you to enjoy the terrace all year round. Residents have access to two inviting community swimming pools and an on-site bar and café, creating a true resort-style living experience in Mijas, Spain. While the apartment is accessed via a few steps and does not feature a lift, its exceptional location and amenities make it a must-see property in Mijas. Perfect for those seeking a coastal retreat or a profitable holiday rental investment, this property is available for viewing with keys ready. Don't miss your chance to own a piece of paradise in Mijas, Spain.
Location
Nightly rates in the area
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