You can view 2 more properties. Log in for unlimited access.
2
Bedrooms
2
Bathrooms
94 m²
Surface area
€
€3989
Price per m²
Apartment
Property type
+15 photos
Analysis
Price
€375.000
Own investment (30%)
€112.500
30% down payment of purchase price
Buyer costs
€37.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€85,57
Expected occupancy rate
67%
Gross rental p/m
Log in to see the annual gross rental income
€0000
Sign in to view
Mortgage costs
-€700
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€78,33
{% trans '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
-€261,58
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€92,19
Municipal taxes for Miraflores
Tax
(19%)
-€60,82
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.
Interested?
Log in now to contact the seller directly
Log inNightly Rates
Estimated nightly rate
€85,57
High season
€92
Mid season
€85,42
Low season
€79
Price determining factors
- Proximity to beaches and amenities: Enhances attractiveness.
- Views and outdoor space: Panoramic mountain views and large terrace add value.
- Property condition: Needs modernization, which can be an opportunity for value addition.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
2.77%
5 Year Return
13.85%
10 Year Return
27.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Modernization potential can significantly increase value.
- Local market trends in 2027: Expected growth driven by tourism and regional development.
- Property type: Penthouse with large terrace offers high desirability.
- Economic outlook in 2027: Positive, with tourism and real estate sectors expected to grow.
- Demographic developments: Increasing demand from expatriates and retirees.
- Infrastructure plans in 2027: Improvements in transportation and amenities could boost property values.
- Historical WOZ value trends: Generally upward, reflecting regional growth.
Possible improvements
- Renovate interior spaces to modern standards.
- Upgrade kitchen and bathrooms.
- Enhance outdoor terrace with outdoor kitchen, jacuzzi, or spa.
- Improve energy efficiency and smart home features.
Description
Discover this stunning penthouse in Miraflores, Spain, offering the ultimate Costa del Sol lifestyle. Located in the exclusive Miraflores community, this spacious two-bedroom penthouse features a remarkable 123m² wraparound terrace that surpasses the size of the apartment itself. Enjoy panoramic views of the Mijas mountains, abundant sunshine, and seamless indoor-outdoor living. The bright living room, separate kitchen, and two double bedrooms—each with access to the terrace—make this property ideal for comfort and entertaining. While ready for modernization, this Miraflores penthouse presents a fantastic investment opportunity to add value and personalize your coastal retreat. The expansive terrace provides endless possibilities for outdoor kitchens, jacuzzis, or private spas, enhancing your Costa del Sol experience. Included with the property are underground parking and a private storeroom, complemented by beautifully maintained communal gardens and a large swimming pool. Located just a 15-minute walk from El Bombo beach in La Cala and within five minutes of local shops, cafes, and restaurants, this Miraflores property is perfect for holidaymakers or full-time residents seeking a premium Costa del Sol address. Don't miss this rare opportunity to own a top-floor Miraflores penthouse with exceptional potential, spectacular mountain views, and a prime location in Spain.
Location
Nightly rates in the area
Questions? Chat with us!