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Apartment in Mijas, 3 bedrooms, 124 m² €329.000

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3
Bedrooms
2
Bathrooms
124 m²
Surface area
€
€2653
Price per m²
Apartment
Property type
Apartment in Mijas, 3 bedrooms, 124 m² - Hoofdafbeelding
Apartment in Mijas, 3 bedrooms, 124 m² - Afbeelding 1
Apartment in Mijas, 3 bedrooms, 124 m² - Afbeelding 2
Apartment in Mijas, 3 bedrooms, 124 m² - Afbeelding 3
+48 photos

Analysis

Price
€329.000
Own investment (30%)
€98.700
Buyer costs
€32.900
Estimated nightly rate
€161,24
Expected occupancy rate
64%
Gross rental p/m
€0000
Mortgage costs
-€614,13
Maintenance costs
-€103,33
Cleaning costs
-€333,33
Platform fees
-€470,82
Municipal taxes
-€82,41
Tax (19%)
-€291,61
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€161,24
High season
€203
Mid season
€156,75
Low season
€124

Price determining factors

  • Tourism popularity: High, supporting rental income and property value.
  • Location: Prime position in Mijas Pueblo, a sought-after area.
  • Property features: Authentic Andalusian architecture with modern updates.
  • Accessibility: Good access to amenities, transport, and scenic views.

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

15.11%

5 Year Return

75.55%

10 Year Return

151.10%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained and renovated, which supports value retention and growth.
  • Local market trends in 2027: Expected to be positive due to tourism and demand for holiday rentals.
  • Property type: Unique historic apartment in a popular tourist destination, which tends to appreciate.
  • Economic outlook in 2027: Favorable, with steady growth in Spain and the Costa del Sol region.
  • Demographic developments: Increasing interest from international buyers and retirees.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Mijas.
  • Historical WOZ value trends: Consistent increase, indicating rising property values.

Possible improvements

  • Renovate kitchen and bathrooms for modern appeal.
  • Enhance outdoor space with landscaping or terrace upgrades.
  • Improve energy efficiency with new windows or insulation.
  • Add smart home features for convenience and security.

Description

Discover timeless elegance in this beautifully renovated Andalusian-style apartment nestled in the heart of Mijas Pueblo, one of Spain's most charming white villages on the Costa del Sol. This captivating property offers a perfect blend of authentic Andalusian architecture and modern comforts, making it an ideal investment for those seeking a unique home or holiday rental opportunity in Mijas, Spain. Spanning approximately 124.9 square meters of built space, this Mijas apartment features three spacious bedrooms, each with traditional Spanish balconies that frame scenic views of the mountains and village streets. The open-concept living area boasts a contemporary kitchen, ideal for entertaining or relaxing after exploring the local markets, charming cafes, and panoramic viewpoints that surround the property. With two elegantly designed bathrooms and a dedicated storage room, this home ensures comfort and practicality. The master bedroom offers private en-suite access, enhancing the sense of privacy and luxury. Authentic architectural details and tasteful updates preserve the property's historic charm while providing modern convenience. Located within a traditional village house in the heart of Mijas Pueblo, this property is surrounded by cobbled streets and vibrant community life, offering an immersive Andalusian experience. Additionally, it holds a tourist rental license, providing excellent potential for holiday lettings in Spain. Don’t miss this rare opportunity to own a piece of Mijas history—an enchanting home filled with light, character, and soul, perfectly positioned in the picturesque setting of Mijas, Spain.

Location

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