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Apartment in Nueva Andalucía, 3 bedrooms, 120 m² €465.000

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Bedrooms

Bathrooms

120 m²

Surface area

€

€3875

Price per m²

Apartment

Property type

Apartment in Nueva Andalucía, 3 bedrooms, 120 m² - Afbeelding 1

Apartment in Nueva Andalucía, 3 bedrooms, 120 m² - Afbeelding 2

Apartment in Nueva Andalucía, 3 bedrooms, 120 m² - Afbeelding 3

+24 photos

Analysis

Price

€465.000

Own investment (30%)

30% down payment of purchase price

€139.500

Buyer costs

Buyer costs: 10% of purchase price

€46.500

Estimated nightly rate

€205,92

Expected occupancy rate

61%

Gross rental p/m

€0000 Sign in to view

Mortgage costs

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

-€868

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.

-€100

Cleaning costs

Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.

-€333,33

Platform fees

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

-€573,10

Municipal taxes

Municipal taxes for Nueva Andalucía

-€111,31

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.

-€348,64

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

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Nightly Rates

Estimated nightly rate

€205,92

High season

€274

Mid season

€197,50

Low season

€142

Price determining factors

Proximity to beaches and Puerto Banús, increasing desirability.
Gated complex with amenities like pool and private parking, adding value.
Condition of the property, which appears good but could benefit from modernization.
Local infrastructure developments, such as new transport links or commercial centers.
Economic factors like currency exchange rates affecting foreign buyers.
Tourism growth in Costa del Sol, increasing rental potential.

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

9.59%

5 Year Return

47.95%

10 Year Return

95.90%

ROI Distribution

Value development

Factors for value appreciation

Property condition: Well-maintained with recent updates, which can attract higher rental yields and resale value.
Local market trends in 2027: Expected continued demand for properties in Costa del Sol due to its popularity as a tourist and expatriate destination.
Property type: Apartments in a sought-after location tend to appreciate steadily, especially with amenities like pools and secure complexes.
Economic outlook in 2027: Positive economic growth in Spain and increased foreign investment can boost property values.
Demographic developments: Growing expatriate community and retirees seeking sunny climates support demand.
Infrastructure plans in 2027: Planned improvements in transportation, healthcare, and amenities can enhance property appeal.
Historical WOZ value trends: Consistent increase in property taxes indicates rising property values and market confidence.

Possible improvements

Renovate kitchen and bathrooms for modern appeal.
Upgrade flooring and fixtures to enhance aesthetic value.
Improve outdoor spaces, such as balcony or terrace enhancements.
Add smart home features for increased convenience and appeal.

Description

Discover this stunning property in Nueva Andalucía, Spain, ideally situated just a short stroll from the beautiful beaches and vibrant Puerto Banús. Nestled within a secure, gated residential complex, this apartment offers a perfect blend of comfort, style, and convenience. Spanning 120 m² of total built area with 118 m² of usable space, the property features a bright, spacious living-dining area with a cozy fireplace, an independent fully-equipped kitchen with a practical utility room, and three generous bedrooms with fitted wardrobes. The master suite boasts an en suite bathroom with a walk-in shower, bidet, toilet, and double basin. A glazed terrace and a balcony provide additional outdoor living options, perfect for enjoying the sunny Costa del Sol weather. Designed for optimal natural light, this south-facing apartment includes marble and parquet flooring, air conditioning, ceiling fans, double-glazed tilt-and-turn windows, and a reinforced security entrance door. Located on the first exterior floor with lift access, the property includes a private parking space and access to ample communal parking within the complex. Whether as a permanent residence or a lucrative investment in Nueva Andalucía, Spain, this property offers exceptional value in one of Costa del Sol’s most sought-after locations. Don’t miss this opportunity to own a piece of paradise in Spain's premier real estate market.