You reached your limit. Log in for unlimited access.
3
Bedrooms
2
Bathrooms
163 m²
Surface area
€
€3374
Price per m²
Apartment
Property type
+19 photos
Analysis
Price
€550.000
Own investment (30%)
€165.000
30% down
payment of purchase price
Buyer costs (10%)
€55.000
10% of purchase price
Estimated nightly rate
€205,92
Expected occupancy rate
61%
Gross rental p/m
Log in to see the annual gross rental income
€0000
Sign in to view
Mortgage interest rate (%)
Monthly mortgage = interest on the loan + linear repayment per year. Changing the term updates the annual repayment automatically.
Mortgage term (years)
Repayment (per year)
€
Total mortgage costs
-€1.026,67
Maintenance costs
-€135,83
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
-€129,38
Municipal taxes for Nueva Andalucía
Tax
(19%)
-€308,25
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.
* Indicative calculation based on a linear mortgage.
Nightly Rates
Estimated nightly rate
€205,92
High season
€274
Mid season
€197,50
Low season
€142
Price determining factors
- Property condition: The need for full reform presents an opportunity for value addition.
- Local market trends in 2027: Continued demand for luxury properties in Nueva Andalucía.
- Property type: The apartment's size, views, and exclusivity support higher pricing.
- Economic outlook in 2027: Economic stability and growth will positively influence property prices.
- Demographic developments: Growth in affluent and retiring populations will sustain high prices.
- Infrastructure plans in 2027: Upgrades in local infrastructure will support higher property values.
- Historical WOZ value trends: Consistent increase in property assessments indicates rising values.
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| 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
7.17%
5 Year Return
35.85%
10 Year Return
71.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property requires full reform, which can significantly increase its value after renovation.
- Local market trends in 2027: The luxury and high-end property market in Nueva Andalucía is expected to grow due to ongoing demand and development.
- Property type: The apartment's unique features and sea views make it highly desirable, supporting appreciation.
- Economic outlook in 2027: A stable or growing economy in Spain and the Eurozone will support property value increases.
- Demographic developments: An influx of affluent residents and retirees in the area will sustain demand.
- Infrastructure plans in 2027: Planned improvements in transportation, amenities, and services will enhance property appeal.
- Historical WOZ value trends: Past trends indicate steady appreciation in property values in the region.
Possible improvements
- Complete renovation to modern standards and aesthetics.
- Upgrade kitchen and bathrooms for contemporary appeal.
- Improve outdoor terraces and garden areas.
- Enhance energy efficiency with new windows, insulation, and appliances.
- Add smart home features for increased convenience and value.
Description
Unique property - and great opportunity to make a full reform.
Central location in Nueva Andalucia
Only 6 properties in the building sharing garden and pool
Includes an enclosed parking
Ground floor level comprises of a large open living room - separate kitchen - big ensuite bedroom and onto terrace with open sea views
Lower level offers the same open - panoramic sea views and a further 2 larger-than- normal bedrooms with bathroom and storage room
Another big terrace - enclosed and partly covered / partly open.
Truly a dream for buyers that are looking for a large property with amazing views and ready for a full reform
It will sell fast - One of a kind
Location
Similar properties in Nueva Andalucía
4.75% ROI per year
Apartment in Nueva Andalucía, 2 bedrooms, 90 m²
Nueva Andalucía, Spain
€550.000
€869,96/pm
90 m²
2 bed
2 bath
15.88% ROI per year
Apartment in Nueva Andalucía, 4 bedrooms, 166 m²
Nueva Andalucía, Spain
€549.000
€2.905,70/pm
166 m²
4 bed
2 bath
7.29% ROI per year
Apartment in Nueva Andalucía, 3 bedrooms, 103 m²
Nueva Andalucía, Spain
€549.000
€1.334,61/pm
103 m²
3 bed
2 bath
5.24% ROI per year
Apartment in Nueva Andalucía, 2 bedrooms, 100 m²
Nueva Andalucía, Spain
€547.000
€955,49/pm
100 m²
2 bed
3 bath
7.31% ROI per year
Apartment in Nueva Andalucía, 3 bedrooms, 155 m²
Nueva Andalucía, Spain
€545.000
€1.327,94/pm
155 m²
3 bed
2 bath
7.13% ROI per year
Apartment in Nueva Andalucía, 3 bedrooms, 119 m²
Nueva Andalucía, Spain
€559.000
€1.328,65/pm
119 m²
3 bed
2 bath
7.52% ROI per year
Apartment in Nueva Andalucía, 3 bedrooms, 130 m²
Nueva Andalucía, Spain
€540.000
€1.353,23/pm
130 m²
3 bed
2 bath
6.87% ROI per year
Apartment in Nueva Andalucía, 3 bedrooms, 120 m²
Nueva Andalucía, Spain
€570.000
€1.305,15/pm
120 m²
3 bed
2 bath
5.09% ROI per year
Apartment in Nueva Andalucía, 2 bedrooms, 122 m²
Nueva Andalucía, Spain
€525.000
€890,73/pm
122 m²
2 bed
2 bath
4.91% ROI per year
Apartment in Nueva Andalucía, 2 bedrooms, 217 m²
Nueva Andalucía, Spain
€515.000
€843,45/pm
217 m²
2 bed
2 bath
Interested in this property?
Register your interest and we'll connect you directly with the seller. No obligations.
Sign up and register interestLog in to view this deal
Get instant access to the best real estate deals
New to SpotEstate? Log in with your Google account or create an account and get access to:
- More profitable deals
- Cashflow calculations
- Extensive ROI calculations & predictions
Nightly rates in the area
Questions? Chat with us!