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2
Bedrooms
2
Bathrooms
117 m²
Surface area
€
€5940
Price per m²
Apartment
Property type
+19 photos
Analysis
Price
€695.000
Own investment (30%)
€208.500
30% down payment of purchase price
Buyer costs
€69.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€1.297,33
This is the monthly interest you pay for the mortgage
(3.2% interest)
Maintenance costs
-€97,50
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
-€458,25
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€160,19
Municipal taxes for Nueva Andalucía
Tax
(19%)
-€142,51
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.
Nightly Rates
Estimated nightly rate
€154,52
High season
€212
Mid season
€148,75
Low season
€108
Price determining factors
- Proximity to Centro Plaza and Puerto Banús increases desirability.
- Views of the pool and well-designed layout add to the property's appeal.
- High-quality complex amenities enhance value.
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €166,80 | Chariming and creative house 50m from the beach | 14.3 km |
| €275,20 | Casa Tetuan in old town Marbella, a manicured home | 7.4 km |
| €186,80 | Unique place with roof terrace in Old town | 7.3 km |
| €124,86 | Sunny hillside casita in Guaro | 20.0 km |
| €118 | Villacana Villa-holiday by the beach | 9.7 km |
| €139,40 | Townhouse – 3 floors Close to the beach! | 7.4 km |
| €125,60 | Modern Townhouse, roof terrace in Estepona OldTown | 18.0 km |
| €139 | Casa Relajante - big summer garden | 19.8 km |
| €286,80 | Beachfront BohoChic II Pool+DirectBeach+Parking | 21.7 km |
| €131,40 | House 5 minutes from the beach, Puerto Banús and 5 golf courses | 1.0 km |
Return & Value appreciation
Annual return
2.62%
5 Year Return
13.10%
10 Year Return
26.20%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained property with modern amenities enhances value appreciation.
- Local market trends in 2027: Growing demand for holiday and rental properties on Costa del Sol supports appreciation.
- Property type: Apartments in desirable complexes like La Medina de Banús tend to appreciate steadily.
- Economic outlook in 2027: Positive economic growth in Spain and the Eurozone can boost property values.
- Demographic developments: Increasing number of expatriates and retirees in Costa del Sol drive demand.
- Infrastructure plans in 2027: Planned improvements in transportation and local amenities can increase property appeal.
- Historical WOZ value trends: Consistent increase in property values in Nueva Andalucía indicates positive trend.
Possible improvements
- Renovate kitchen and bathrooms for modern appeal.
- Upgrade flooring and fixtures to increase luxury perception.
- Add smart home features for modern convenience.
- Improve outdoor spaces or balcony furniture.
Description
Discover this exceptional 2-bedroom apartment in Nueva Andalucía, Spain, offering stunning pool views and superb proximity to Centro Plaza and Puerto Banús. Located on the first floor within the sought-after La Medina de Banús complex, this high-quality residence boasts a well-thought-out layout with spacious bedrooms and two bathrooms, perfect for permanent living, holiday retreats, or a lucrative rental investment in Spain's vibrant Costa del Sol.
Location
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