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4
Bedrooms
2
Bathrooms
100 m²
Surface area
€
€5600
Price per m²
Apartment
Property type
+51 photos
Analysis
Price
€560.000
Own investment (30%)
€168.000
30% down payment of purchase price
Buyer costs
€56.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€220,82
Expected occupancy rate
59%
Gross rental p/m
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€0000
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Mortgage costs
-€1.045,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€83,33
{% trans '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
-€375
Annual cleaning costs:€4500 (€375.00/month).Based on number of bedrooms.
Platform fees
-€594,42
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€131,50
Municipal taxes for Bel Air
Tax
(19%)
-€329,31
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
€220,82
High season
€301
Mid season
€211,92
Low season
€157
Price determining factors
- High demand for luxury properties in Bel Air and Estepona.
- Limited supply of similar duplex penthouses in the area.
- Proximity to sea and mountain views enhances desirability.
- Potential for rental income from short-term rentals due to tourist influx.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €319 | 4 bed Villa in Nueva Andalucia - Heated Pool | 8.8 km |
| €707,60 | Luxury villa on beach. Puerto Banus walk 15 min | 6.5 km |
| €567,60 | Villa Tortuga Benamara | 1.3 km |
| €598,80 | Modern Golf Villa | Sea Views | Infinity Pool | 1.0 km |
| €462,20 | Family Beach Villa -Modern- Private pool -Estepona | 12.3 km |
| €692,80 | Golf & Seaview Villa with Heated Private Pool | 14.2 km |
| €381,20 | Beautiful villa with private pool | 21.5 km |
| €322 | Villa Sunlight near beach and Puerto Banus | 5.0 km |
| €691,60 | Nice villa with exceptional view to the sea! | 25.0 km |
| €356,60 | Villa with heated pool / Sea and Gibraltar view | 25.4 km |
Return & Value appreciation
Annual return
7.52%
5 Year Return
37.60%
10 Year Return
75.20%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained properties tend to appreciate more, especially in luxury markets like Bel Air.
- Local market trends in 2027: Growing demand for luxury apartments in Estepona, driven by tourism and expatriate interest.
- Property type: Duplex penthouses are highly desirable for their views and outdoor space, likely increasing value.
- Economic outlook in 2027: Positive economic growth in Spain and Europe, supporting real estate investment.
- Demographic developments: Increasing number of affluent retirees and expatriates seeking luxury living in Spain.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities in Estepona could enhance property values.
- Historical WOZ value trends: Consistent appreciation in property taxes indicating rising property values.
Possible improvements
- Renovate and modernize the interior to appeal to contemporary tastes.
- Upgrade kitchen and bathrooms for increased luxury appeal.
- Enhance outdoor terraces with landscaping or outdoor furniture.
- Improve energy efficiency with new windows or insulation.
- Convert garage space into additional living or storage area.
Description
Discover this stunning duplex penthouse in the prestigious Bel Air area of Estepona, Spain. Located in the sought-after urbanization of Jacarandas, this luxury property offers the perfect blend of city amenities and tranquil small-town charm. This spacious duplex penthouse features four bedrooms—two on the ground floor and two upstairs—each opening onto expansive terraces that flood the interiors with natural light and provide breathtaking views. The open-plan living room seamlessly connects to a large terrace, ideal for outdoor dining and relaxing, complemented by a fully equipped kitchen nearby. The property boasts two spacious bathrooms, one on each floor, and offers partial sea views from the upper terrace along with panoramic mountain vistas from the lower level. The generous terraces wrap around the house, accessible from all rooms, creating a versatile outdoor living space. Additionally, this Bel Air penthouse includes two exclusive garage spaces within a secure communal parking area—perfect for residents seeking convenience and security. The low-density urbanization ensures ample parking and privacy, with the option to convert one garage into additional storage. Prime location, exceptional views, and versatile living spaces make this Bel Air duplex penthouse an outstanding opportunity for luxury living in Estepona, Spain. Don't miss the chance to arrange a viewing of this exceptional property in Bel Air, Spain.
Location
Nightly rates in the area
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