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House in Mijas, 4 bedrooms, 226 m² €345.000

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4
Bedrooms
1
Bathrooms
226 m²
Surface area
€
€1527
Price per m²
House
Property type
House in Mijas, 4 bedrooms, 226 m² - Hoofdafbeelding
House in Mijas, 4 bedrooms, 226 m² - Afbeelding 1
House in Mijas, 4 bedrooms, 226 m² - Afbeelding 2
House in Mijas, 4 bedrooms, 226 m² - Afbeelding 3
+28 photos

Analysis

Price
€345.000
Own investment (30%)
€103.500
Buyer costs
€34.500
Estimated nightly rate
€163,90
Expected occupancy rate
45%
Gross rental p/m
€0000
Mortgage costs
-€644
Maintenance costs
-€188,33
Cleaning costs
-€375
Platform fees
-€336,51
Municipal taxes
-€85,81
Tax (19%)
-€116,61
Cashflow p.m.
Earned back in
00months

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Nightly Rates

Estimated nightly rate
€163,90
High season
€187
Mid season
€157,33
Low season
€107

Price determining factors

  • Location in Mijas, a sought-after area.
  • Size of the property and potential for expansion.
  • Renovation and customization possibilities.
  • Proximity to amenities, beaches, and tourist attractions.
  • Current condition of the property, requiring updates.

Comparable accommodations

Rate Hotel / apartment Distance
€241,40 Casa Tranquila (Quiet House) La Cala de Mijas 10.6 km
€247 Ayma Ocean View 10.0 km
€212,60 Modern house with panoramic ocean views in Alya 11.7 km
€210,60 Lovely townhouse with private pool 4.3 km
€427,60 Heated pool / Premium Spanish villa / Sea views 1.6 km
€477,43 Impressive VILLA Dazura in Valtocado. MIJAS 3.3 km
€249,80 Stylish Villa París - Heated Pool 4.4 km
€291 Spacious 4-Bedroom Townhouse 3 min from the Beach 7.4 km
€377,40 Villa Lola with pool, private oasis 11.9 km
€197 The tropical paradise in Malaga 12.6 km

Return & Value appreciation

Annual return

5.76%

5 Year Return

28.80%

10 Year Return

57.60%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Renovation potential can significantly increase value.
  • Local market trends in 2027: Growing popularity of Mijas as a tourist and residential destination.
  • Property type: House with potential for expansion and customization.
  • Economic outlook in 2027: Stable with positive growth prospects for Spain and the Costa del Sol region.
  • Demographic developments: Increasing demand from expatriates and retirees.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities.
  • Historical WOZ value trends: Consistent appreciation in property values in Mijas.

Possible improvements

  • Renovate the interior to modern standards.
  • Add an extra floor to increase living space.
  • Improve the patio into a traditional Andalusian courtyard.
  • Upgrade kitchen and bathrooms.
  • Enhance energy efficiency with new windows and insulation.

Description

Discover a unique investment opportunity in the heart of Mijas, Spain, with this versatile 4-bedroom house featuring a charming patio. Located in one of the most picturesque villages on the Costa del Sol, this property offers over 200 m² of built space and endless renovation potential, making it a prime choice for investors seeking a profitable project in Mijas. The spacious layout includes large living and dining areas, a fully adaptable kitchen, and the possibility to expand by adding an extra floor under local planning regulations. Imagine transforming the interior patio into a beautiful Andalusian courtyard or converting a cave into a stylish wine cellar, enhancing the property's character and value.

Location

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