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House in Torrevieja, 3 bedrooms, 124 m² €488.000

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3
Bedrooms
3
Bathrooms
124 m²
Surface area
€3935
Price per m²
House
Property type
House in Torrevieja, 3 bedrooms, 124 m² - Hoofdafbeelding
House in Torrevieja, 3 bedrooms, 124 m² - Afbeelding 1
House in Torrevieja, 3 bedrooms, 124 m² - Afbeelding 2
House in Torrevieja, 3 bedrooms, 124 m² - Afbeelding 3
+15 photos

Analysis

Price
€488.000
Own investment (30%)
€146.400
Buyer costs
€48.800
Estimated nightly rate
€115,96
Expected occupancy rate
60%
Gross rental p/m
€0000
Mortgage costs
-€910,93
Maintenance costs
-€103,33
Cleaning costs
-€333,33
Platform fees
-€317,44
Municipal taxes
-€116,20
Tax (19%)
-€63,66
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€115,96
High season
€152
Mid season
€111,67
Low season
€89

Price determining factors

  • Proximity to beaches and marina: High demand for properties near the coast.
  • Property features: Large terraces, private pools, and modern design increase value.
  • Local development projects: New commercial and recreational facilities boost attractiveness.
  • Economic factors: Stable tourism industry and foreign investment support property prices.

Comparable accommodations

Rate Hotel / apartment Distance
€185,60 Villa El Loto Blanco 18.9 km
€150,33 Villa Lindal - upper part of Ciudad Quesada. 10.3 km
€231,40 Fidalsa 5 Stars Sea Views 12.2 km
€222,67 Villa "Alma" with pool heating 16.9 km
€196,40 La Manzana - Villa with Private Pool 13.7 km
€246,60 Exclusive New build Villa with jacuzzi and pool 7.8 km
€116,43 Sunny stay at Casa Corten with Private pool. 8.9 km
€121 Very nice beachfront house. 11.6 km
€119,20 Villa-Capricho Playa - ParqueMar. VT-480073-A 4.7 km
€98,40 Nature Views Luxury Villa - 3BR en Pool 5.3 km

Return & Value appreciation

Annual return

1.67%

5 Year Return

8.35%

10 Year Return

16.70%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Modern, new apartments with high-quality finishes and amenities.
  • Local market trends in 2027: Growing demand for coastal properties in Torrevieja, driven by tourism and expatriate influx.
  • Property type: Apartments in a desirable location with sea views and private terraces.
  • Economic outlook in 2027: Stable economic growth in Spain, with increasing foreign investment and tourism.
  • Demographic developments: Increasing number of retirees and expatriates seeking coastal living.
  • Infrastructure plans in 2027: Improvements in transportation, amenities, and local services enhancing property appeal.
  • Historical WOZ value trends: Consistent appreciation in property values in Torrevieja over recent years.

Possible improvements

  • Adding a private pool or upgrading existing pools.
  • Enhancing interior decor to appeal to luxury buyers.
  • Installing smart home technology for modern convenience.
  • Improving outdoor spaces, such as landscaping or adding outdoor kitchens.

Description

Discover premium new apartments in Torrevieja, Spain, offering stylish coastal living just 400 meters from the stunning beaches of Torrevieja on the Costa Blanca. Located in the heart of this vibrant Spanish city, these modern apartments provide easy access to local shops, cafes, and the lively marina, making them ideal for both permanent residence and holiday homes. The development features 10 contemporary units across five floors, including 1, 2, and 3-bedroom options, with luxurious duplex penthouses. Each apartment boasts bright, open-plan living areas, integrated American-style kitchens, and spacious private terraces up to 99 m², some with private pools and large solariums for sunbathing.

Location

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