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3
Bedrooms
2
Bathrooms
106 m²
Surface area
€
€5943
Price per m²
Apartment
Property type
+13 photos
Analysis
Price
€630.000
Own investment (30%)
€189.000
30% down payment of purchase price
Buyer costs
€63.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€205,92
Expected occupancy rate
61%
Gross rental p/m
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€0000
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Mortgage costs
-€1.176
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€88,33
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
-€573,10
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€146,38
Municipal taxes for Nueva Andalucía
Tax
(19%)
-€285,67
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
€205,92
High season
€274
Mid season
€197,50
Low season
€142
Price determining factors
- Proximity to Puerto Banús and amenities: High desirability increases property value.
- Quality of renovations: Modern upgrades add value.
- Market demand for holiday and permanent residences: Strong demand supports appreciation.
- Economic stability and growth in Spain: Positive economic indicators support property appreciation.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €195,20 | Hacienda el Alamo | 22.6 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 10.3 km |
| €185 | Entire House with Terrace in Marbella | 3.3 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 3.1 km |
| €175 | Chic 3BR Townhouse on the Beach + Pool + Parking | 8.1 km |
| €133,60 | Casa del Barco | Quiet 3BR Villa & Pool | 20.5 km |
| €140,40 | TOWNHOUSE Old Town Marbella Large Rooftop Terr! A | 7.1 km |
| €281,20 | Ocean Front Villa w/Private Pool | 8.1 km |
| €294,40 | Villa with pool near the beach for families | 14.7 km |
| €182,40 | House in Marbella's Old Town, 100m from the Beach☆ | 7.6 km |
Return & Value appreciation
Annual return
5.80%
5 Year Return
29.00%
10 Year Return
58.00%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained and recently renovated, which enhances value.
- Local market trends in 2027: Expected steady growth due to high demand in Nueva Andalucía.
- Property type: Apartments in a desirable complex tend to appreciate steadily.
- Economic outlook in 2027: Positive, with Spain's tourism and real estate sectors recovering and growing.
- Demographic developments: Increasing expatriate and retiree populations seeking properties in Spain.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Nueva Andalucía.
- Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.
Possible improvements
- Adding a private pool or hot tub.
- Upgrading kitchen appliances and finishes.
- Enhancing outdoor living space with additional landscaping or furniture.
- Installing smart home technology for added convenience.
Description
Discover this beautifully renovated middle-floor apartment in the prestigious La Maestranza complex, located in the highly desirable Nueva Andalucía area of Spain. Perfect for family holidays or permanent residence, this spacious property offers three large bedrooms and two modern bathrooms, including a luxurious en suite in the master suite. The contemporary open-plan kitchen features an island and top-brand appliances, ideal for entertaining. Recent upgrades include a brand-new hot and cold air conditioning system and a charming terrace, perfect for relaxing outdoors. The La Maestranza complex in Nueva Andalucía is renowned for its security, tranquility, and proximity to Puerto Banús, making it an excellent choice for investors or those seeking a permanent home in Spain. This property combines comfort, style, and prime location, providing a fantastic opportunity to own a piece of real estate in the sought-after Nueva Andalucía real estate market.
Location
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