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3
Bedrooms
1
Bathrooms
111 m²
Surface area
€
€3153
Price per m²
House
Property type
+19 photos
Analysis
Price
€349.950
Own investment (30%)
€104.985
30% down payment of purchase price
Buyer costs
€34.995
Buyer costs: 10% of purchase price
Estimated nightly rate
€129,40
Expected occupancy rate
59%
Gross rental p/m
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€0000
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Mortgage costs
-€653,24
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€92,50
{% 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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€348,33
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€86,86
Municipal taxes for Mijas Costa
Tax
(19%)
-€153,51
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
€129,40
High season
€167
Mid season
€125,08
Low season
€97
Price determining factors
- Proximity to amenities and beaches.
- Views of the sea and communal pool.
- Potential for renovation and customization.
- Location within a sought-after community.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
7.48%
5 Year Return
37.40%
10 Year Return
74.80%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The house requires refurbishment, which can increase value after renovation.
- Local market trends in 2027: Growing demand for coastal properties in Mijas Costa.
- Property type: Townhouses are popular for family living and investment.
- Economic outlook in 2027: Expected moderate growth in Spain's economy, supporting property values.
- Demographic developments: Increasing population of expatriates and retirees in Costa del Sol.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities.
- Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.
Possible improvements
- Renovate bathrooms and kitchens for modern appeal.
- Repaint and update interior finishes.
- Improve outdoor space with landscaping.
- Upgrade fixtures and fittings to increase desirability.
Description
Discover this charming south-facing townhouse located in the highly sought-after area of El Coto, Mijas Costa, Spain. Part of an exclusive community of only eight houses, this property offers a tranquil lifestyle with easy access to the vibrant amenities of Fuengirola and the A7 motorway. The townhouse features three spacious bedrooms, one and a half bathrooms, and two fully fitted kitchens, making it ideal for families or investors seeking a versatile property in Mijas Costa. The living area boasts a cozy fireplace and a separate dining room, perfect for entertaining guests. Step outside to a private rear patio and enjoy views of the sea, panoramic vistas, and communal pool views, all facing south for maximum sunlight. The property includes a private parking space, a utility room, fitted wardrobes, and a private terrace, providing comfort and convenience. While the house requires some refurbishment—offering excellent potential for customization—artistic impressions are shown in the photographs to inspire your vision. Situated close to local schools and urban amenities, this townhouse in Mijas Costa combines a prime location with a fantastic opportunity for renovation and investment. Perfect for those seeking a bargain property on the Costa del Sol, this home epitomizes the best of Spanish coastal living.
Location
Nightly rates in the area
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