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4
Bedrooms
4
Bathrooms
225 m²
Surface area
€
€1800
Price per m²
House
Property type
+19 photos
Analysis
Price
€405.000
Own investment (30%)
€121.500
30% down payment of purchase price
Buyer costs
€40.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€289,11
Expected occupancy rate
57%
Gross rental p/m
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€0000
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Mortgage costs
-€756
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€187,50
{% trans '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
-€375
Annual cleaning costs:€4500 (€375.00/month).Based on number of bedrooms.
Platform fees
-€751,87
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€98,56
Municipal taxes for Estepona
Tax
(19%)
-€540,27
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.
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Log inNightly Rates
Estimated nightly rate
€289,11
High season
€377
Mid season
€280,08
Low season
€202
Price determining factors
- Property condition: Needs renovation, which can be a cost but also an opportunity for value addition.
- Local market trends in 2027: Rising property prices in Estepona and Costa del Sol.
- Property type: Finca with land has higher value appreciation potential.
- Economic outlook in 2027: Economic stability and growth support property value increase.
- Demographic developments: Growing expatriate community and retirees increase demand.
- Infrastructure plans in 2027: Planned infrastructure improvements boost property values.
- Historical WOZ value trends: Increasing WOZ values reflect rising property market prices.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
22.75%
5 Year Return
113.75%
10 Year Return
227.50%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Renovation potential can significantly increase value.
- Local market trends in 2027: Growing demand for properties in Estepona due to popularity and tourism.
- Property type: Finca with land offers unique appeal and potential for expansion or development.
- Economic outlook in 2027: Spain's economy is expected to stabilize with moderate growth, supporting real estate appreciation.
- Demographic developments: Increasing expatriate and retiree population seeking homes in Costa del Sol.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhance property attractiveness.
- Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.
Possible improvements
- Complete kitchen installation and modernize appliances.
- Renovate bathrooms and improve fixtures.
- Enhance outdoor spaces, including landscaping and pool installation.
- Upgrade interior finishes for a more contemporary look.
- Improve accessibility features to increase appeal.
Description
Discover this charming finca-cortijo in the sought-after area of Estepona, Spain, offering an exceptional opportunity for renovation enthusiasts. This spacious property features four bedrooms and four bathrooms across 225 square meters of living space, providing ample room for comfortable living. Set on a generous 1,100 square meter private garden, this Estepona property boasts stunning panoramic views of the sea and mountains, making it a perfect retreat on the Costa del Sol. The south-east facing orientation ensures plenty of natural sunlight throughout the day.
Ideal for those seeking customization, this finca requires renovation and restoration, presenting a unique chance to create a personalized home. The property includes a large terrace, with room to add a swimming pool, perfect for outdoor entertaining. Additional features include fitted wardrobes, a private terrace, WiFi connectivity, storage and utility rooms, and accessible design elements for people with reduced mobility.
Parking is convenient with multiple private covered garages, and the property is not furnished, allowing buyers to design their dream interior. While the kitchen is not fitted, there is ample space for customization. Located close to Estepona town and schools, this resale finca offers a prime location on Spain’s Costa del Sol, combining tranquility with accessibility. Whether you're looking for a permanent residence or a holiday home, this Estepona finca represents an excellent investment opportunity in Spain’s vibrant property market.
Location
Nightly rates in the area
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