Apartment in Fuengirola, 1 bedrooms
Fuengirola

Apartment in Fuengirola, 1 bedrooms

โ‚ฌ250.000 starting price
5.48% Annual ROI

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Project overview

Discover the luxurious lifestyle at Suite Mijas, a premier residential complex nestled in the scenic surroundings of Fuengirola, Spain. Perfectly situated near the vibrant city of Fuengirola, this exclusive development offers a collection of 312 beautifully designed apartments that blend modern comfort with elegant finishes. Whether you're seeking a cozy 1-bedroom or a spacious 3-bedroom home, each apartment in Suite Mijas features 2 bathrooms, a private terrace, and air conditioning in all rooms, making it an ideal choice for those looking for property in Fuengirola, Spain. The penthouses also boast stunning roof terraces, perfect for entertaining or enjoying peaceful sunsets over the green landscape. Residents can indulge in a range of amenities, including a swimming pool, lush gardens, sports facilities, a childrenโ€™s playground, and dedicated workspaces, all set within tranquil surroundings that promote serenity and well-being. Located just minutes from the coast, Suite Mijas provides easy access to local attractions such as El Corte Inglรฉs, supermarkets, banks, theaters, and a variety of restaurants and bars. The property is only 30 minutes from Mรกlaga Airport, making travel convenient for both residents and visitors. Priced from โ‚ฌ250,000 to โ‚ฌ338,600, each unit includes a parking space and storage room. With energy-efficient features like a B energy label, Suite Mijas offers an exceptional investment opportunity for those seeking property in Fuengirola, Spain, combining luxury, comfort, and prime location in one outstanding package.

Fuengirola, ESP
Location
Project Overview

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Financial analysis

Analysis

Price
โ‚ฌ250.000
Own investment (30%)
โ‚ฌ75.000
Buyer costs (10%)
โ‚ฌ25.000
Estimated nightly rate
โ‚ฌ73,09
Expected occupancy rate
75%
Gross rental p/m
โ‚ฌ0000
Mortgage interest rate (%)
Mortgage term (years)
Repayment (per year)
โ‚ฌ
Total mortgage costs -โ‚ฌ466,67
Maintenance costs
-โ‚ฌ29,17
Cleaning costs
-โ‚ฌ291,67
Platform fees
-โ‚ฌ250,11
Municipal taxes
-โ‚ฌ65,62
Tax (19%)
-โ‚ฌ107,18
Earned back in

* Indicative calculation based on a linear mortgage.

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Nightly Rates

Estimated nightly rate
โ‚ฌ73,09
High season
โ‚ฌ114
Mid season
โ‚ฌ72,33
Low season
โ‚ฌ53

Price determining factors

  • Location proximity to coast and amenities
  • Property condition and modern finishes
  • Size and layout of the apartment
  • Availability of luxury amenities (pool, gardens, roof terraces)
  • Economic factors such as local real estate market trends and tourism demand
  • Local developments including new infrastructure and urban projects

Comparable accommodations

All comparable accommodations and their nightly rates are retrieved from booking platforms.

Rate Hotel / apartment Distance
โ‚ฌ111 Stunning apartment with ocean views 2.7 km
โ‚ฌ165,60 Beautiful Mijas Pueblo Townhouse with sea views 6.5 km
โ‚ฌ287,40 Casita with fantastic views 6.9 km
โ‚ฌ57,80 ***Beautiful Downtown Studio, Garden and Pool*** 11.1 km
โ‚ฌ140 Modern & Sea views: Apartment La Roca 14.3 km
โ‚ฌ154,20 Casa Del Mirador, Private Pool and Hot Tub, Views 18.1 km
โ‚ฌ80 "The Bridge" Los Monteros 18.3 km
โ‚ฌ39,60 La EcoCasita in Malaga 18.7 km
โ‚ฌ95,60 Authentic rural little house with private pool 19.0 km
โ‚ฌ157,60 Beautiful Wooden Cabin with exclusive use of pool 21.3 km

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Return & Appreciation

Annual return

5.48%

5 Year Return

27.40%

10 Year Return

54.80%

ROI Distribution

Value Development

Factors for Value Appreciation

  • Property condition (look at the photos)
  • Local market trends in 2027
  • Property type
  • Economic outlook in 2027
  • Demographic developments
  • Infrastructure plans in 2027
  • Historical WOZ value development

Possible Improvements

  • Upgrade interior furnishings and decor to modern standards for higher appeal
  • Add smart home features for convenience and luxury
  • Improve energy efficiency with solar panels or better insulation
  • Enhance outdoor spaces with landscaping or private terraces
  • Increase marketing efforts to target high-end clientele
  • Implement eco-friendly amenities to attract environmentally conscious buyers

Risk assessment

Overall risk: Low
Criterion Level Score Explanation
Location quality Low 80 Prime location near coast and amenities in Fuengirola.
Tenant demand Low 75 High demand from tourists, expatriates, and retirees.
Cash flow stability Low 70 Stable rental income expected due to high occupancy rates.

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