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3
Bedrooms
2
Bathrooms
105 m²
Surface area
€
€4286
Price per m²
Apartment
Property type
+12 photos
Analysis
Price
€450.000
Own investment (30%)
€135.000
30% down payment of purchase price
Buyer costs
€45.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€108,28
Expected occupancy rate
67%
Gross rental p/m
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€0000
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Mortgage costs
-€840
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€87,50
{% 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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€331
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€108,12
Municipal taxes for Miraflores
Tax
(19%)
-€96,27
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
€108,28
High season
€131
Mid season
€108,33
Low season
€100
Price determining factors
- Proximity to beaches and amenities: Enhances desirability.
- Property condition: Well-maintained, reducing immediate renovation costs.
- Local market trends: Growing demand for holiday rentals and second homes.
- Economic outlook: Stable economic growth supporting property appreciation.
- Demographic developments: Increasing foreign investment and retiree influx.
- Infrastructure plans: Planned upgrades to transport and public services.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €91,40 | Apartment near the Pilar | 3.0 km |
| €143,80 | Duplex penthouse a few minutes from the center | 3.5 km |
| €177 | Casa Carlos | 5.4 km |
| €411 | Villa Apuntaté | 5.8 km |
| €142,80 | Residencial Neo Txelmisa | 15.2 km |
| €171,20 | Family-friendly villa | 15.8 km |
| €114,20 | Ideal for disconnecting | 16.4 km |
| €554,40 | Chalet 3 bedrooms • Private pool • 1000 m² garden | 17.7 km |
| €154,20 | Casa Vega | 18.5 km |
Return & Value appreciation
Annual return
3.65%
5 Year Return
18.25%
10 Year Return
36.50%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with modern amenities, likely to attract tenants and buyers.
- Local market trends in 2027: Expected to be positive due to tourism and expatriate interest in Costa del Sol.
- Property type: Popular holiday and investment property, with high demand for apartments.
- Economic outlook in 2027: Favorable, with steady growth in Spain's economy and tourism sector.
- Demographic developments: Increasing expatriate and retiree populations seeking properties in coastal areas.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhancing property appeal.
- Historical WOZ value trends: Consistent growth reflecting rising property values in Miraflores.
Possible improvements
- Adding a modern kitchen or bathroom upgrades.
- Installing smart home technology.
- Enhancing outdoor space with additional landscaping or outdoor furniture.
- Upgrading air conditioning systems for energy efficiency.
- Renovating to modern standards to increase appeal.
Description
Discover this charming ground floor apartment in Miraflores, Spain, offering 3 spacious bedrooms and 2 modern bathrooms within a generous 105 m² living space. Step outside onto a private 30 m² terrace featuring glass curtains and an awning, perfect for outdoor entertaining. The property boasts air conditioning for year-round comfort and adapted access with ramps and a lift, ensuring convenience for all. Residents enjoy access to stunning saltwater pools, including a semi-Olympic size pool, set amidst beautifully maintained gardens. Located just a 5-minute walk from the picturesque El Bombo Beach, this Miraflores apartment provides effortless access to sun, sand, and sea. Public transportation is also nearby, allowing easy travel to nearby attractions like La Cala de Mijas, which is only a 10-minute drive away. This property is ideal for families, holidaymakers, or investors seeking a lucrative rental opportunity in Miraflores, Spain. Its prime location, exceptional amenities, and versatile design make it a standout choice for those looking to enjoy the vibrant Costa del Sol lifestyle.
Location
Nightly rates in the area
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