Apartment in Fuengirola, 3 bedrooms
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Project overview
Discover Suite Mijas, a stunning residential complex nestled in the vibrant town of Fuengirola, Spain. This exclusive development offers luxurious living amidst enchanting surroundings, perfect for those seeking a serene yet convenient lifestyle on the Costa del Sol. Located just minutes from Fuengirola's lively city center and the beautiful beaches of Spain, Suite Mijas features 312 meticulously designed apartments with high-end finishes. Choose from charming one to three-bedroom apartments, each boasting a private terrace, with penthouse options featuring spacious roof terraces ideal for outdoor entertaining. Residents enjoy premium amenities including a sparkling swimming pool, lush gardens, a dedicated coworking area, fitness facilities, and a childrenโs playground, all set within tranquil green landscapes. The property price ranges from โฌ250,000 to โฌ338,600, inclusive of a parking space and storage room, making it an excellent investment opportunity in Fuengirola, Spain. Each apartment is equipped with air conditioning, a fully fitted kitchen, and energy-efficient features with a B energy label. Conveniently located, Suite Mijas provides easy access to local amenities such as El Corte Inglรฉs, supermarkets, banks, theaters, restaurants, and bars, all just a short drive away. Mรกlaga Airport is only 30 minutes from the property, offering excellent connectivity for travelers and residents alike. This luxurious Fuengirola property in Spain is perfect for those seeking a modern home or a smart investment on the Costa del Sol, combining comfort, style, and prime location.
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Project gallery
Financial analysis
Analysis
Nightly Rates
Price determining factors
- Location proximity to beaches and city center
- High-end finishes and amenities
- Property condition and modern design
- Economic factors such as tourism demand and local investment
- Local developments like new infrastructure and commercial projects
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| Rate | Hotel / apartment | Distance |
|---|---|---|
| โฌ260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 2.0 km |
| โฌ185 | Villa La Guirnalda private pool/wifi/barbecue | 13.4 km |
| โฌ164,40 | 3 Bed Accommodation with Pool | 3.6 km |
| โฌ314 | Livita, Space, Above the beach, Cala de mijas | 5.1 km |
| โฌ195,20 | Hacienda el Alamo | 14.1 km |
| โฌ166,20 | Seaview house: Rooftop pool,gameroom, parking|REMS | 12.3 km |
| โฌ378,33 | Casa Calma ว Private Pool ว Close to Beach + Golf | 20.6 km |
| โฌ211,20 | Luxury attached Villa La Biznaga | 24.7 km |
| โฌ226,80 | Bright Classic House Near La Malagueta | REMS | 28.5 km |
| โฌ217 | Fabulous Villa,private pool, stunning views,Malaga | 15.3 km |
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Return & Appreciation
Annual return
12.31%
5 Year Return
61.55%
10 Year Return
123.10%
ROI Distribution
Value Development
Factors for Value Appreciation
- Property condition: The photos depict a modern, well-maintained apartment with high-end finishes, which supports a positive appreciation outlook.
- Local market trends in 2027: The Costa del Sol region, including Fuengirola, is expected to continue experiencing steady demand driven by tourism, expatriates, and retirees, supporting property value growth.
- Property type: Apartments in a luxury complex with amenities like pools, gardens, and coworking spaces tend to appreciate well due to high demand for lifestyle-oriented living.
- Economic outlook in 2027: Spain's economy is projected to grow moderately, with tourism and real estate sectors remaining strong, which bodes well for property appreciation.
- Demographic developments: An increasing number of expatriates and retirees seeking quality living environments in Spain will likely sustain demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation, connectivity, and local amenities will enhance property attractiveness.
- Historical WOZ value development: The WOZ value has shown consistent growth, indicating a stable and appreciating property market in the area.
Possible Improvements
- Upgrade interior furnishings to modern, luxury styles to attract higher-paying guests.
- Enhance outdoor spaces with landscaping, lighting, and outdoor furniture for better appeal.
- Implement energy-efficient systems to reduce costs and appeal to eco-conscious travelers.
- Add smart home features for convenience and modern appeal.
- Increase marketing efforts highlighting the propertyโs premium amenities and location.
Risk assessment
Overall risk: Low| Criterion | Level | Score | Explanation |
|---|---|---|---|
| Location quality | Low | 10 | Prime location near beaches, amenities, and transport links. |
| Tenant demand | Low | 15 | High demand from tourists, expatriates, and retirees. |
| Cash flow stability | Low | 20 | Steady rental income expected from short-term and long-term tenants. |
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