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Apartment in Mijas Costa, 3 bedrooms, 135 m² €360.000

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3
Bedrooms
2
Bathrooms
135 m²
Surface area
€
€2667
Price per m²
Apartment
Property type
Apartment in Mijas Costa, 3 bedrooms, 135 m² - Hoofdafbeelding
Apartment in Mijas Costa, 3 bedrooms, 135 m² - Afbeelding 1
Apartment in Mijas Costa, 3 bedrooms, 135 m² - Afbeelding 2
Apartment in Mijas Costa, 3 bedrooms, 135 m² - Afbeelding 3
+13 photos

Analysis

Price
€360.000
Own investment (30%)
€108.000
Buyer costs
€36.000
Estimated nightly rate
€161,24
Expected occupancy rate
64%
Gross rental p/m
€0000
Mortgage costs
-€672
Maintenance costs
-€112,50
Cleaning costs
-€333,33
Platform fees
-€470,82
Municipal taxes
-€89
Tax (19%)
-€277,62
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

  • Location within Mijas Costa: Prime area with sea views and proximity to amenities.
  • Property features: Modern interiors, spacious terrace, and high-quality furnishings.
  • Community amenities: Pool, gardens, private parking, which enhance desirability.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

13.15%

5 Year Return

65.75%

10 Year Return

131.50%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained and renovated, which supports value appreciation.
  • Local market trends in 2027: Expected growth in luxury properties on Costa del Sol due to increasing demand.
  • Property type: Apartment in a desirable location, likely to appreciate as part of a popular community.
  • Economic outlook in 2027: Positive economic growth in Spain and Europe, boosting real estate investments.
  • Demographic developments: Growing expatriate and retiree populations increasing demand.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Mijas Costa.
  • Historical WOZ value trends: Consistent increase in property values in the region, indicating a stable market.

Possible improvements

  • Adding a smart home system for increased convenience.
  • Upgrading kitchen appliances and fixtures.
  • Enhancing outdoor space with landscaping or additional features.
  • Implementing energy-efficient solutions to reduce utility costs.

Description

Discover this stunning luxury apartment in Mijas Costa, Spain, nestled within the prestigious Riviera del Sol community. This beautifully renovated 3-bedroom, 2-bathroom property offers 126 m² of elegant living space complemented by a spacious 22 m² terrace with breathtaking sea and garden views. Designed for comfort and style, the apartment features modern interiors, marble flooring, and built-in wardrobes, making it an ideal choice for those seeking a sophisticated lifestyle on the Costa del Sol. Enjoy abundant natural light thanks to the south-facing orientation, while the fully equipped kitchen and high-quality furnishings add to the home's appeal. Additional conveniences include a private storage room and laundry area. Located within a secure gated complex, residents benefit from a communal swimming pool, meticulously maintained gardens, and private underground parking. Strategically situated in Mijas Costa, this property offers easy access to world-class golf courses, shopping, and pristine beaches, allowing residents to enjoy the vibrant lifestyle of the Costa del Sol. The covered terrace provides an ideal space for relaxation and panoramic views, while double glazing ensures tranquility and noise insulation. This exceptional property in Mijas Costa, Spain, combines luxury, convenience, and breathtaking scenery, making it a perfect investment or primary residence in the heart of Costa del Sol real estate.

Location

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