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3
Bedrooms
3
Bathrooms
124 m²
Surface area
€
€3935
Price per m²
House
Property type
+15 photos
Analysis
Price
€488.000
Own investment (30%)
€146.400
30% down payment of purchase price
Buyer costs
€48.800
Buyer costs: 10% of purchase price
Estimated nightly rate
€115,96
Expected occupancy rate
60%
Gross rental p/m
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€0000
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Mortgage costs
-€910,93
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€103,33
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
-€317,44
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€116,20
Municipal taxes for Torrevieja
Tax
(19%)
-€63,66
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
€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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Nightly rates in the area
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