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2
Bedrooms
2
Bathrooms
95 m²
Surface area
€
€3316
Price per m²
Apartment
Property type
+25 photos
Analysis
Price
€315.000
Own investment (30%)
€94.500
30% down payment of purchase price
Buyer costs
€31.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€111,42
Expected occupancy rate
68%
Gross rental p/m
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€0000
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Mortgage costs
-€588
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€79,17
{% 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
-€345,68
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€79,44
Municipal taxes for Mijas
Tax
(19%)
-€174,91
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
€111,42
High season
€149
Mid season
€108,50
Low season
€87
Price determining factors
- Proximity to beaches, amenities, and transport links.
- Views and outdoor space, such as gardens and sea views.
- Property size and layout, including number of bedrooms and bathrooms.
- Condition and modernity of interiors and fixtures.
- Legal status, including existing tourist license for rentals.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
9.47%
5 Year Return
47.35%
10 Year Return
94.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern fixtures, and recent renovations can boost ROI.
- Local market trends in 2027: Growing tourism and demand for holiday rentals in Mijas will likely increase property values.
- Property type: Apartments in desirable locations like Mijas Pueblo tend to appreciate steadily.
- Economic outlook in 2027: Spain's stable economic growth and tourism sector support property appreciation.
- Demographic developments: Increasing expatriate and retiree populations in Costa del Sol enhance demand.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities can positively impact property values.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Upgrade kitchen and bathroom fixtures.
- Enhance outdoor living spaces or add a terrace.
- Modernize interior decor to appeal to contemporary tastes.
- Improve energy efficiency with new windows or insulation.
- Add smart home features for increased appeal.
Description
Discover this charming ground-floor apartment nestled in the picturesque white village of Mijas Pueblo, one of the most sought-after locations on the Costa del Sol, Spain. Perfectly positioned in Mijas, Spain, this property offers authentic Andalusian charm combined with modern comfort, making it an ideal holiday home or investment opportunity. The spacious apartment features two well-sized bedrooms, including a master with an en-suite bathroom, a second bathroom, and a bright living area filled with natural light. From the living room, enjoy partial sea views and direct access to lush communal gardens, creating a seamless indoor-outdoor living experience. The beautifully maintained gardens provide a tranquil setting for relaxing or entertaining guests, with community-maintained greenery requiring no upkeep. The complex includes a year-round communal swimming pool and ample parking, ensuring convenience for residents and visitors alike. Located within walking distance to shops, supermarkets, cafes, and traditional restaurants, this Mijas property offers easy access to beaches, the coast, and Málaga Airport, making it highly desirable for both residents and holidaymakers. Mijas Pueblo’s vibrant atmosphere, panoramic viewpoints, and rich cultural heritage make it a prime destination for international visitors, adding value to this property. Notably, the apartment comes with an existing tourist license, allowing for immediate rental income—an exceptional advantage in today’s market. Priced at €315,000, this property presents a rare opportunity to own a beautiful, legally compliant Mijas apartment in Spain, perfect for a Mediterranean retreat or a lucrative investment.
Location
Nightly rates in the area
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