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House in Algorfa, 2 bedrooms, 65 m² €189.000

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Bedrooms

Bathrooms

65 m²

Surface area

€

€2908

Price per m²

House

Property type

House in Algorfa, 2 bedrooms, 65 m² - Afbeelding 1

House in Algorfa, 2 bedrooms, 65 m² - Afbeelding 2

House in Algorfa, 2 bedrooms, 65 m² - Afbeelding 3

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Analysis

View Report

Price

€189.000

Own investment (30%)

30% down payment of purchase price

€56.700

Buyer costs

Buyer costs: 10% of purchase price

€18.900

Estimated nightly rate

€74,29

Expected occupancy rate

63%

Gross rental p/m

€0000 Sign in to view

Mortgage costs

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

-€352,80

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.

-€54,17

Cleaning costs

Annual cleaning costs: €3500 (€291,67/month). Based on number of bedrooms.

-€291,67

Platform fees

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

-€213,54

Municipal taxes

Municipal taxes for Algorfa

-€52,66

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.

-€87,16

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

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Nightly Rates

Estimated nightly rate

€74,29

High season

€94

Mid season

€75,67

Low season

€64

Price determining factors

Location in Algorfa, close to beaches and golf courses.
Modern amenities and community facilities.
Potential for rental income from holidaymakers.
Regional economic stability and growth prospects.

Comparable accommodations

All comparable accommodations and their nightly rates are retrieved from booking platforms.

Rate	Hotel / apartment	Distance
€146,20	Villa with sea views	16.2 km
€75,33	with fantastic views of the orange orchard!	14.4 km
€112	Luxury and Modern Penthouse + Roof Terrace with Sea View	17.1 km
€96,40	Rooftop Sea Views · Quiet Gated Community · Pools	19.0 km
€94,80	Apartment with Roof Terrace and Heated Pool	15.7 km
€86,80	Mar & Relax	19.5 km
€89	Design Chalet mit grosser Terrasse nah Strand	15.8 km
€91	Sunlit Bungalow with Private Garden	14.8 km
€232,80	Romantic villa in a quiet area	10.6 km
€146,60	Casa Bettina - luxury villa, heated pool, Int. TV	15.3 km

Return & Value appreciation

Annual return

5.90%

5 Year Return

29.50%

10 Year Return

59.00%

ROI Distribution

Value development

Factors for value appreciation

Property condition: Well-maintained new apartments tend to appreciate steadily.
Local market trends in 2027: Growing demand for holiday and investment properties in Costa Blanca.
Property type: Apartments in a secure gated community are attractive for both holidaymakers and investors.
Economic outlook in 2027: Spain's economy is expected to remain stable with growth in tourism and real estate sectors.
Demographic developments: Increasing expatriate and retiree populations in Spain support property demand.
Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhance property value.
Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

Adding a private pool or hot tub.
Upgrading kitchen appliances and fixtures.
Enhancing outdoor living spaces with landscaping or a terrace.
Installing smart home technology for added convenience.

Risk assessment

Overall risk: Low

Criterion	Level	Score	Explanation
Location quality	Low	20	Prime location near beaches and golf courses with good infrastructure.
Tenant demand	Medium	50	High demand from holidaymakers and investors, but seasonal fluctuations exist.
Cash flow stability	Low	30	Steady rental income expected from holiday rentals and long-term tenants.
Vacancy risk	Medium	45	Seasonal demand may cause periodic vacancies, but overall manageable.
Property condition / capital expenditure risk	Low	25	Newly built, minimal immediate maintenance required.
Purchase price vs market value	Low	25	Competitive pricing relative to market trends.
Financing risk (leverage)	Low	30	Favorable financing options available in Spain.
Interest rate risk	Medium	50	Potential rate increases could affect mortgage costs.
Liquidity risk	Medium	55	Market liquidity is moderate; property can be sold within reasonable time.
Market risk (economic conditions)	Medium	50	Regional economy is stable, but external shocks could impact.
Regulatory / legal risk	Low	20	Stable legal environment with clear property rights.
Rent level vs market rent	Low	20	Rent levels are aligned with market standards.
Tenant concentration risk	Very low	10	Diverse tenant base expected from various markets.
Expense risk	Low	25	Low ongoing expenses due to new construction and amenities.
Appreciation potential	Medium	60	Strong growth prospects but limited upside due to current market saturation.
Exit risk (resale ability)	Low	30	High demand for resale in a popular region.
Management complexity risk	Low	20	Managed easily via property management services.
Deal structure risk	Low	20	Clear legal and financial frameworks in Spain.

Description

Discover modern living with these new apartments in Algorfa, Spain, offering a perfect blend of comfort and convenience in the Costa Blanca region. These stylish 1 to 3-bedroom apartments and penthouses feature contemporary kitchens, spacious private terraces, and optional solariums, ideal for enjoying the sunny Spanish climate. Located in a secure gated community, residents can indulge in communal pools, a fully-equipped gym, and easy elevator access. Each property includes parking and storage, with pre-installed air conditioning to ensure year-round comfort. Just 17 km from pristine beaches and close to golf courses like La Finca Golf, these apartments are perfect for both holidaymakers and investors seeking a property in Algorfa, Spain. The vibrant region offers excellent infrastructure, vibrant local amenities, and a warm Mediterranean climate—making it an ideal destination for a second home or investment property.