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2
Bedrooms
2
Bathrooms
85 m²
Surface area
€
€5353
Price per m²
Apartment
Property type
+47 photos
Analysis
Price
€455.000
Own investment (30%)
€136.500
30% down payment of purchase price
Buyer costs
€45.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€112,44
Expected occupancy rate
68%
Gross rental p/m
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€0000
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Mortgage costs
-€849,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€70,83
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
-€348,84
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€109,19
Municipal taxes for Mijas Costa
Tax
(19%)
-€124,60
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
€112,44
High season
€150
Mid season
€109,42
Low season
€89
Price determining factors
- Proximity to beaches and golf courses: Premium location increases value.
- Community amenities: Access to pools, gyms, and recreational areas adds value.
- Property size and terraces: Large terraces and outdoor space are highly desirable.
- Condition of the property: Modern, unfurnished, move-in ready condition is attractive.
- Local development projects: New commercial and residential developments can increase property prices.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €133,60 | An impressive beach house | 7.0 km |
| €203 | Casa Flores - Panoramic views, pool, tennis, BBQ | 5.7 km |
| €132,40 | Spectacular house on Carvajal Beach | 4.4 km |
| €125,20 | Picturesque Casita Mijas Pueblo | 5.9 km |
| €166,80 | Chariming and creative house 50m from the beach | 16.2 km |
| €134,80 | Cubo's Finca La Graciosa (Cubo's Farm) | 11.7 km |
| €116 | Charming Sea Front Bungalow | 14.8 km |
| €124,86 | Sunny hillside casita in Guaro | 22.2 km |
| €170,20 | Unique views & terrace. Plz Merced | 28.0 km |
| €94,60 | Spacious Independent House ·Central Area – ARQ | 28.6 km |
Return & Value appreciation
Annual return
3.50%
5 Year Return
17.50%
10 Year Return
35.00%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern finishes increase attractiveness and value.
- Local market trends in 2027: Growing demand for coastal properties in Spain, especially in Mijas Costa.
- Property type: Apartments in high-demand areas tend to appreciate steadily.
- Economic outlook in 2027: Positive economic growth in Spain and Europe supports property appreciation.
- Demographic developments: Increasing population and tourism in Mijas Costa boost demand.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities enhance property value.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Furnishing the apartment to enhance appeal.
- Upgrading kitchen and bathroom fixtures for modern aesthetics.
- Adding smart home features for convenience.
- Landscaping and decorating the terraces to maximize outdoor living appeal.
- Implementing energy-efficient appliances and systems.
Description
Discover this brand-new, never-occupied property in Mijas Costa, Spain, offering a significant financial advantage with only 7% transfer tax instead of the usual 10% VAT. Located in the prestigious El Chaparral area within the emerging Myramar Costa development, this residence combines modern living with excellent connectivity and scenic surroundings. The property boasts two private terraces totaling 110 m², perfect for enjoying sunshine throughout the day. The main terrace and garden, accessible from the living area, face southwest, capturing maximum sunlight, while the east-facing rear terrace provides morning light. Situated within walking distance to the beach and local shops, residents benefit from easy access to the main highway, facilitating seamless travel along the coast. Just a five-minute drive to La Cala de Mijas and Fuengirola, this property offers prime location advantages. Residents can enjoy premium communal amenities, including a fitness room, swimming pools, a social gourmet area, paddle tennis court, landscaped gardens, and a children’s playground. Proximity to El Chaparral Golf Course makes this an ideal choice for both permanent residents and investors seeking a lucrative opportunity in Mijas Costa, Spain. The property is sold unfurnished; virtual staging images are provided to illustrate potential interior designs.
Location
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Nightly rates in the area
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