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3
Bedrooms
2
Bathrooms
112 m²
Surface area
€
€3920
Price per m²
Apartment
Property type
+43 photos
Analysis
Price
€439.000
Own investment (30%)
€131.700
30% down payment of purchase price
Buyer costs
€43.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€161,24
Expected occupancy rate
64%
Gross rental p/m
Log in to see the annual gross rental income
€0000
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Mortgage costs
-€819,47
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€93,33
{% 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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€470,82
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€105,79
Municipal taxes for Mijas
Tax
(19%)
-€250,05
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
€161,24
High season
€203
Mid season
€156,75
Low season
€124
Price determining factors
- Proximity to golf courses, beaches, and amenities increases attractiveness.
- High demand for luxury apartments in Mijas and La Cala Hills.
- Limited new developments in the immediate area help maintain property scarcity.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 4.5 km |
| €185 | Villa La Guirnalda private pool/wifi/barbecue | 6.9 km |
| €164,40 | 3 Bed Accommodation with Pool | 9.5 km |
| €314 | Livita, Space, Above the beach, Cala de mijas | 10.2 km |
| €195,20 | Hacienda el Alamo | 10.3 km |
| €166,20 | Seaview house: Rooftop pool,gameroom, parking|REMS | 11.1 km |
| €92,80 | House Technology Park, luxury for you! | 16.8 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 21.0 km |
| €211,20 | Luxury attached Villa La Biznaga | 21.5 km |
| €226,80 | Bright Classic House Near La Malagueta | REMS | 25.4 km |
Return & Value appreciation
Annual return
9.71%
5 Year Return
48.55%
10 Year Return
97.10%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained interiors and amenities support value retention and growth.
- Local market trends in 2027: Growing demand for properties in Costa del Sol, especially in popular areas like Mijas.
- Property type: Penthouse apartments tend to appreciate faster due to exclusivity and views.
- Economic outlook in 2027: Positive economic growth in Spain and the Eurozone, boosting real estate investment.
- Demographic developments: Increasing expatriate and retiree population seeking luxury properties.
- Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities enhance desirability.
- Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.
Possible improvements
- Upgrade kitchen appliances and fixtures.
- Enhance interior decor to appeal to modern tastes.
- Add smart home features for increased convenience.
- Improve energy efficiency with better insulation or solar panels.
Description
Experience luxury living in this stunning Mijas penthouse for sale in the sought-after La Cala Hills area. This spacious Mijas penthouse offers 3 bedrooms with built-in wardrobes, 2 modern bathrooms, and a generous 116 square meters of interior space. The fully equipped independent kitchen and an expansive west-facing terrace provide the perfect setting for enjoying the Mediterranean sunshine all day long. Located on the third floor with elevator access, this Mijas penthouse features air conditioning throughout, ensuring comfort year-round. Residents can indulge in beautifully maintained communal gardens and a sparkling swimming pool, ideal for relaxation and family fun. A dedicated parking space is included for convenience. Situated close to prestigious golf courses, top schools, shopping centers, and essential services, this property boasts excellent connectivity to Fuengirola, La Cala de Mijas, and the A7 motorway. Whether seeking a primary residence or an investment opportunity, this Mijas penthouse for sale combines elegance, location, and lifestyle advantages, making it an ideal choice for those looking to enjoy the best of Costa del Sol living in Spain.
Location
Nightly rates in the area
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