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2
Bedrooms
2
Bathrooms
70 m²
Surface area
€
€5636
Price per m²
Apartment
Property type
+24 photos
Analysis
Price
€394.500
Own investment (30%)
€118.350
30% down payment of purchase price
Buyer costs
€39.450
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,31
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€736,40
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€58,33
{% 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
-€457,63
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€96,33
Municipal taxes for Nueva AndalucĂa
Tax
(19%)
-€267,99
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
€154,31
High season
€212
Mid season
€148,75
Low season
€108
Price determining factors
- Location in Nueva AndalucĂa: High demand area.
- Proximity to amenities and beaches: Attractive for residents and tourists.
- Property condition: Recently renovated increases value.
- Market demand for holiday rentals: High rental yields attract investors.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
11.58%
5 Year Return
57.90%
10 Year Return
115.80%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-renovated properties tend to appreciate faster.
- Local market trends in 2027: Growing demand in Costa del Sol boosts appreciation.
- Property type: Apartments in desirable areas like Nueva AndalucĂa have strong appreciation potential.
- Economic outlook in 2027: Positive economic growth in Spain supports property value increase.
- Demographic developments: Increasing expatriate and retiree populations enhance demand.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities can drive appreciation.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Adding a balcony or terrace to enhance outdoor space.
- Upgrading kitchen and bathroom fixtures for modern appeal.
- Improving energy efficiency with new windows or insulation.
- Enhancing interior decor to increase aesthetic appeal.
Description
Discover this exceptional investment opportunity in the sought-after area of Nueva AndalucĂa, Spain. This beautifully renovated apartment in Nueva AndalucĂa offers a modern, sophisticated lifestyle perfect for both investors and residents. Featuring two spacious, elegant bedrooms, this property is ideal for those seeking comfort and style in the heart of Costa del Sol.
Location
Nightly rates in the area
Questions? Chat with us!