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Apartment in Nueva Andalucía, 2 bedrooms, 70 m² €394.500

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Bedrooms

Bathrooms

70 m²

Surface area

€

€5636

Price per m²

Apartment

Property type

Apartment in Nueva Andalucía, 2 bedrooms, 70 m² - Afbeelding 1

Apartment in Nueva Andalucía, 2 bedrooms, 70 m² - Afbeelding 2

Apartment in Nueva Andalucía, 2 bedrooms, 70 m² - Afbeelding 3

+24 photos

Analysis

Price

€394.500

Own investment (30%)

30% down payment of purchase price

€118.350

Buyer costs

Buyer costs: 10% of purchase price

€39.450

Estimated nightly rate

€154,31

Expected occupancy rate

65%

Gross rental p/m

€0000 Sign in to view

Mortgage costs

This is the monthly interest you pay for the mortgage(3.2%interest)

-€736,40

Maintenance costs

Estimated annual maintenance costs (10€/m²). This is the rule of thumb for existing and older homes. For new construction, this is usually lower.

-€58,33

Cleaning costs

Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.

-€291,67

Platform fees

15% commission based on average fees from Booking.com and Airbnb

-€457,63

Municipal taxes

Municipal taxes for Nueva Andalucía

-€96,33

Tax (19%)

This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.

-€267,99

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

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Nightly Rates

Estimated nightly rate

€154,31

High season

€212

Mid season

€148,75

Low season

€108

Price determining factors

Location in Nueva Andalucía: 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
€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

8.69%

5 Year Return

43.45%

10 Year Return

86.90%

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 Andalucía 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 Andalucía, Spain. This beautifully renovated apartment in Nueva Andalucía 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.