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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
€55.000
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
-€1.026,67
This is the monthly interest you pay for the mortgage
(3.2% interest)
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.
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
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