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House in Mijas Costa, 3 bedrooms, 161 m² €376.000

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3
Bedrooms
3
Bathrooms
161 m²
Surface area
€
€2335
Price per m²
House
Property type
House in Mijas Costa, 3 bedrooms, 161 m² - Hoofdafbeelding
House in Mijas Costa, 3 bedrooms, 161 m² - Afbeelding 1
House in Mijas Costa, 3 bedrooms, 161 m² - Afbeelding 2
House in Mijas Costa, 3 bedrooms, 161 m² - Afbeelding 3
+42 photos

Analysis

Price
€376.000
Own investment (30%)
€112.800
Buyer costs
€37.600
Estimated nightly rate
€170,39
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€701,87
Maintenance costs
-€134,17
Cleaning costs
-€333,33
Platform fees
-€505,31
Municipal taxes
-€92,40
Tax (19%)
-€304,32
Cashflow p.m.
Earned back in
00months

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Nightly Rates

Estimated nightly rate
€170,39
High season
€216
Mid season
€165,67
Low season
€131

Price determining factors

  • Proximity to beaches, golf courses, and urban centers.
  • Quality of local amenities and community facilities.
  • Property size and outdoor space.
  • Condition of the property and potential for renovation.
  • Market demand for holiday rentals and long-term rentals.

Comparable accommodations

Rate Hotel / apartment Distance

Return & Value appreciation

Annual return

13.80%

5 Year Return

69.00%

10 Year Return

138.00%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: The house requires some refurbishment, which could be improved to increase value.
  • Local market trends in 2027: The Spanish property market, especially in popular coastal areas like Mijas Costa, is expected to continue growing moderately.
  • Property type: Semi-detached houses are generally desirable for families and investors, supporting steady appreciation.
  • Economic outlook in 2027: Spain's economy is projected to stabilize with moderate growth, supporting property demand.
  • Demographic developments: Increasing demand from retirees and expatriates in Costa del Sol areas.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities will enhance property appeal.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Refurbish interior spaces, including kitchen and bathrooms.
  • Upgrade to modern air conditioning and heating systems.
  • Enhance outdoor living areas, such as terraces and garden.
  • Improve energy efficiency, e.g., double glazing and insulation.
  • Landscaping and exterior aesthetic improvements.

Description

Discover an exceptional opportunity to own a semi-detached house in Mijas Costa, Spain, with the added benefit of 100% mortgage financing of the purchase price. This charming property in Riviera del Sol offers a spacious 161 sqm layout across two levels, set on a private 242 sqm plot. The home features three bedrooms, two bathrooms, and a guest toilet, making it ideal for families or investors seeking a comfortable residence in Mijas Costa. The property includes a carport at the front and is part of a gated community renowned for its lush, mature gardens and inviting swimming pool, providing a secure and tranquil environment. While the house requires some refurbishment, it boasts attractive features such as double glazing, a furnished kitchen, marble flooring, built-in wardrobes, and multiple terraces that enhance outdoor living. The bright living room opens to a terrace and garden, perfect for relaxing or entertaining. Additionally, pre-installation for central hot/cold air conditioning ensures year-round comfort. Located close to several golf courses, the property is just a short drive from beautiful beaches and charming coastal villages. Conveniently, Malaga Airport is only 30 minutes away, as is Marbella, making this property in Mijas Costa an ideal investment or permanent residence. Don't miss this chance to own a property in Mijas Costa, Spain, with excellent financing options and prime location.

Location

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