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Apartment in Riviera del Sol, 3 bedrooms, 189 m² €395.000

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3
Bedrooms
2
Bathrooms
189 m²
Surface area
€
€2090
Price per m²
Apartment
Property type
Apartment in Riviera del Sol, 3 bedrooms, 189 m² - Hoofdafbeelding
Apartment in Riviera del Sol, 3 bedrooms, 189 m² - Afbeelding 1
Apartment in Riviera del Sol, 3 bedrooms, 189 m² - Afbeelding 2
Apartment in Riviera del Sol, 3 bedrooms, 189 m² - Afbeelding 3
+28 photos

Analysis

Price
€395.000
Own investment (30%)
€118.500
Buyer costs
€39.500
Estimated nightly rate
€161,24
Expected occupancy rate
64%
Gross rental p/m
€0000
Mortgage costs
-€737,33
Maintenance costs
-€157,50
Cleaning costs
-€333,33
Platform fees
-€470,82
Municipal taxes
-€96,44
Tax (19%)
-€255,24
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€161,24
High season
€203
Mid season
€156,75
Low season
€124

Price determining factors

  • Proximity to beaches, golf courses, and amenities increases desirability.
  • Modern finishes and private outdoor spaces add value.
  • Community features like landscaped gardens and pool enhance attractiveness.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

11.02%

5 Year Return

55.10%

10 Year Return

110.20%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained and recently renovated, which supports value retention and appreciation.
  • Local market trends in 2027: Expected growth in demand for holiday and permanent residences in Costa del Sol due to tourism and expatriate influx.
  • Property type: Duplex apartment in a desirable location with sea views, appealing to both investors and residents.
  • Economic outlook in 2027: Positive economic growth in Spain and the Eurozone, likely boosting property values.
  • Demographic developments: Increasing expatriate and retiree populations seeking coastal properties.
  • Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and local services enhancing property appeal.
  • Historical WOZ value trends: Consistent appreciation in property taxes indicating rising property values.

Possible improvements

  • Upgrade kitchen appliances and fixtures to modern standards.
  • Enhance outdoor spaces with additional landscaping or outdoor furniture.
  • Install smart home technology for added convenience.
  • Improve energy efficiency with solar panels or better insulation.

Description

Discover this stunning ground floor duplex apartment for sale in Riviera del Sol, Spain, offering exceptional sea, pool, and garden views. This beautifully renovated, spacious property features two terraces, a private garden, and modern finishes throughout. Located in a tranquil corner of a well-maintained community, the apartment provides a perfect blend of comfort and convenience. The entry-level boasts a welcoming hallway, a large lounge and dining area, a fully equipped contemporary kitchen, and a versatile double bedroom currently used as an office. A stylish bathroom and a generous terrace with panoramic sea, garden, and pool vistas complete this level. Descending to the lower floor reveals another double bedroom, a master suite with an ensuite bathroom, and an additional terrace with breathtaking views. The private garden is a lush retreat with grass, fruit trees, and a laundry area, ideal for outdoor living. The property features elegant parquet flooring throughout, excluding bathrooms and kitchen, and includes a 6m² storage room. Situated within an impeccably maintained community, residents enjoy beautifully landscaped gardens, subtropical flora, expansive lawns, and a stunning swimming pool. Perfectly suited for permanent family living, holiday rentals, or investment, this Riviera del Sol property allows short-term rentals and is just a short drive from golf courses, tennis clubs, restaurants, shops, and beaches. With a built area of 188m² and community fees of €81 per month, this modern apartment offers an exceptional opportunity to own a premier residence in the Costa del Sol, Spain.

Location

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