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Apartment in Mijas, 4 bedrooms, 200 m² €398.000

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4
Bedrooms
4
Bathrooms
200 m²
Surface area
€
€1990
Price per m²
Apartment
Property type
Apartment in Mijas, 4 bedrooms, 200 m² - Hoofdafbeelding
Apartment in Mijas, 4 bedrooms, 200 m² - Afbeelding 1
Apartment in Mijas, 4 bedrooms, 200 m² - Afbeelding 2
Apartment in Mijas, 4 bedrooms, 200 m² - Afbeelding 3
+11 photos

Analysis

Price
€398.000
Own investment (30%)
€119.400
Buyer costs
€39.800
Estimated nightly rate
€335,36
Expected occupancy rate
61%
Gross rental p/m
€0000
Mortgage costs
-€742,93
Maintenance costs
-€166,67
Cleaning costs
-€375
Platform fees
-€933,35
Municipal taxes
-€97,08
Tax (19%)
-€742,39
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€335,36
High season
€438
Mid season
€321,25
Low season
€240

Price determining factors

  • Proximity to beaches, golf courses, and amenities increases desirability.
  • Potential for rental income enhances investment appeal.
  • Property size and layout offer flexibility for different buyers.
  • Community features like gardens and pool add value.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

31.81%

5 Year Return

159.05%

10 Year Return

318.10%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with recent updates enhances value.
  • Local market trends in 2027: Growing demand for holiday rentals and second homes in Mijas.
  • Property type: Versatile duplex with independent units appeals to a broad market.
  • Economic outlook in 2027: Stable with positive growth prospects for Spain and the Costa del Sol region.
  • Demographic developments: Increasing expatriate and retiree populations boosting demand.
  • Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and tourism infrastructure.

Possible improvements

  • Renovate interiors to modern standards.
  • Upgrade kitchen and bathrooms for increased appeal.
  • Enhance outdoor spaces with landscaping or additional amenities.
  • Implement energy-efficient systems to reduce running costs.

Description

Discover a prime investment opportunity in Mijas, Spain, with this versatile ground-floor property in the highly sought-after Calahonda area. Perfectly situated in Mijas Costa, this spacious residence offers approximately 170 m² of living space, uniquely divided into two independent apartments. This setup provides excellent rental income potential or a flexible living arrangement for families or investors. The main apartment, around 90 m², boasts two large bedrooms, two bathrooms including an en-suite, a bright living room, dining area, and a fully equipped kitchen. Step outside to a expansive private ground-floor terrace surrounded by lush greenery, ideal for outdoor living. The second apartment, approximately 80 m², features a spacious bedroom, a bathroom, cozy living space, and its own private terrace, perfect for holiday rentals or guest accommodation. Both units have separate entrances, built-in wardrobes, and share a common main access. The building includes a lift, private parking, beautiful communal gardens, and a swimming pool, creating an inviting environment to enjoy the Costa del Sol’s year-round sunshine. Located in Calahonda, Mijas, this property enjoys proximity to beaches, golf courses, supermarkets, restaurants, and easy access to Marbella, La Cala de Mijas, and Málaga Airport. This exceptional Mijas property combines space, privacy, and strong rental potential, making it an ideal investment for those seeking high returns and flexible living options in Spain. Don’t miss this rare opportunity to own a versatile property in Mijas, Spain.

Location

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