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House in La Cala de Mijas, 3 bedrooms, 106 m² €630.000

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Bedrooms

Bathrooms

106 m²

Surface area

€

€5943

Price per m²

House

Property type

House in La Cala de Mijas, 3 bedrooms, 106 m² - Afbeelding 1

House in La Cala de Mijas, 3 bedrooms, 106 m² - Afbeelding 2

House in La Cala de Mijas, 3 bedrooms, 106 m² - Afbeelding 3

+15 photos

Analysis

Price

€630.000

Own investment (30%)

30% down payment of purchase price

€189.000

Buyer costs

Buyer costs: 10% of purchase price

€63.000

Estimated nightly rate

€161,15

Expected occupancy rate

64%

Gross rental p/m

€0000 Sign in to view

Mortgage costs

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

-€1.176

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.

-€88,33

Cleaning costs

Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.

-€333,33

Platform fees

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

-€470,56

Municipal taxes

Municipal taxes for La Cala de Mijas

-€146,38

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.

-€175,27

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

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Nightly Rates

Estimated nightly rate

€161,15

High season

€204

Mid season

€156,42

Low season

€124

Price determining factors

Proximity to beaches and amenities increases desirability.
Renovation quality and modern updates add value.
Location within La Cala de Mijas is highly sought after.
Potential for rental income enhances investment appeal.

Comparable accommodations

Rate	Hotel / apartment	Distance
€260,80	Andalusian Villa with views, Pool, Garden & BBQ	7.2 km
€185	Villa La Guirnalda private pool/wifi/barbecue	17.4 km
€164,40	3 Bed Accommodation with Pool	3.5 km
€314	Livita, Space, Above the beach, Cala de mijas	1.5 km
€195,20	Hacienda el Alamo	13.6 km
€166,20	Seaview house: Rooftop pool,gameroom, parking\|REMS	18.7 km
€378,33	Casa Calma ǀ Private Pool ǀ Close to Beach + Golf	15.4 km
€217	Fabulous Villa,private pool, stunning views,Malaga	21.3 km
€210	Beach House	1.7 km
€84	Paradise, sun and beach. Charming terrace.	1.4 km

Return & Value appreciation

Annual return

3.56%

5 Year Return

17.80%

10 Year Return

35.60%

ROI Distribution

Value development

Factors for value appreciation

Property condition: The property was renovated in 2020, which enhances its appeal and value.
Local market trends in 2027: The Costa del Sol remains a popular destination, likely supporting continued appreciation.
Property type: Townhouses tend to appreciate steadily, especially in desirable locations.
Economic outlook in 2027: Spain's economy is expected to grow moderately, supporting real estate investment.
Demographic developments: Increasing tourism and expatriate influx contribute to demand.
Infrastructure plans in 2027: Ongoing improvements in transport and amenities bolster property values.
Historical WOZ value trends: Consistent increases in property taxes reflect rising property values.

Possible improvements

Adding a private terrace or balcony to enhance outdoor living space.
Upgrading kitchen and bathrooms with modern fixtures.
Improving landscaping and outdoor areas.
Installing energy-efficient windows and insulation.

Description

Discover this charming townhouse in La Cala de Mijas, Spain, perfectly positioned just 80 meters from the stunning sandy beaches of La Cala. This beautifully renovated 106m² property blends traditional Andalusian architecture with modern comforts, making it an ideal residence or investment opportunity on the Costa del Sol. Featuring three spacious bedrooms, two bathrooms, and a well-equipped semi-open kitchen, this home offers both comfort and functionality across two levels. Enjoy the bright southeast-facing aspect and contemporary updates completed in 2020, with the property originally built in 1965. Located just minutes from La Cala de Mijas town center, the house provides easy access to a lively array of restaurants, bars, and shops, complemented by nearby leisure facilities and golf courses within a five-minute drive. Excellent transport links include proximity to the AP-7 motorway and Malaga airport, only 25 minutes away, making travel convenient. Whether you're seeking a permanent residence, a holiday retreat, or a profitable rental property, this La Cala de Mijas townhouse offers exceptional value and location. Take advantage of the vibrant lifestyle, beautiful beaches, and investment potential in this prime spot on the Costa del Sol, Spain.