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Apartment in Mijas Costa, 2 bedrooms, 85 m² €455.000

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2
Bedrooms
2
Bathrooms
85 m²
Surface area
€5353
Price per m²
Apartment
Property type
Apartment in Mijas Costa, 2 bedrooms, 85 m² - Hoofdafbeelding
Apartment in Mijas Costa, 2 bedrooms, 85 m² - Afbeelding 1
Apartment in Mijas Costa, 2 bedrooms, 85 m² - Afbeelding 2
Apartment in Mijas Costa, 2 bedrooms, 85 m² - Afbeelding 3
+47 photos

Analysis

Price
€455.000
Own investment (30%)
€136.500
Buyer costs
€45.500
Estimated nightly rate
€112,44
Expected occupancy rate
68%
Gross rental p/m
€0000
Mortgage costs
-€849,33
Maintenance costs
-€70,83
Cleaning costs
-€291,67
Platform fees
-€348,84
Municipal taxes
-€109,19
Tax (19%)
-€124,60
Cashflow p.m.
Earned back in

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Nightly 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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