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Apartment in Cancelada, 2 bedrooms, 185 m² €365.000

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2
Bedrooms
2
Bathrooms
185 m²
Surface area
€
€1973
Price per m²
Apartment
Property type
Apartment in Cancelada, 2 bedrooms, 185 m² - Hoofdafbeelding
Apartment in Cancelada, 2 bedrooms, 185 m² - Afbeelding 1
Apartment in Cancelada, 2 bedrooms, 185 m² - Afbeelding 2
Apartment in Cancelada, 2 bedrooms, 185 m² - Afbeelding 3
+35 photos

Analysis

Price
€365.000
Own investment (30%)
€109.500
Buyer costs
€36.500
Estimated nightly rate
€126,46
Expected occupancy rate
69%
Gross rental p/m
€0000
Mortgage costs
-€681,33
Maintenance costs
-€154,17
Cleaning costs
-€291,67
Platform fees
-€398,11
Municipal taxes
-€90,06
Tax (19%)
-€197,36
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€126,46
High season
€167
Mid season
€123,92
Low season
€104

Price determining factors

  • Proximity to beaches, golf courses, and amenities.
  • Quality of local schools and healthcare facilities.
  • Development of new commercial and recreational facilities.
  • Overall economic stability and employment rates in the region.

Comparable accommodations

Rate Hotel / apartment Distance
€275,20 Casa Tetuan in old town Marbella, a manicured home 16.0 km
€186,80 Unique place with roof terrace in Old town 16.0 km
€118 Villacana Villa-holiday by the beach 0.9 km
€139,40 Townhouse – 3 floors Close to the beach! 2.0 km
€125,60 Modern Townhouse, roof terrace in Estepona OldTown 8.9 km
€139 Casa Relajante - big summer garden 10.7 km
€286,80 Beachfront BohoChic II Pool+DirectBeach+Parking 12.5 km
€131,40 House 5 minutes from the beach, Puerto Banús and 5 golf courses 8.4 km
€108,40 Marbella Townhouse near Top Golf Courses 9.8 km
€161,60 Luxury Oasis at Alcazaba Lagoon 16.2 km

Return & Value appreciation

Annual return

9.22%

5 Year Return

46.10%

10 Year Return

92.20%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with recent renovations, increasing appeal and value.
  • Local market trends in 2027: Expected growth due to increasing demand for coastal properties.
  • Property type: Duplex apartments are popular among families and investors, supporting appreciation.
  • Economic outlook in 2027: Positive, with steady growth in Spain and the Costa del Sol region.
  • Demographic developments: Growing expatriate and retiree populations boosting demand.
  • Infrastructure plans in 2027: Planned improvements in transportation and amenities enhancing accessibility and attractiveness.
  • Historical WOZ value trends: Consistent upward trend indicating increasing property values.

Possible improvements

  • Renovate the kitchen and bathrooms to modern standards.
  • Enhance outdoor terraces with landscaping or outdoor furniture.
  • Upgrade air conditioning and heating systems for better efficiency.
  • Add smart home features for increased convenience and appeal.
  • Consider expanding the upper level to add a third bedroom or additional living space.

Description

Discover this exceptional duplex apartment in the tranquil residential community of Lomas de Retamar, located in the charming village of Cancelada, Spain. Perfectly positioned in Estepona on the Costa del Sol, this spacious 2-bedroom, 2-bath duplex offers 123 m² of contemporary living space across two floors, complemented by 62 m² of expansive outdoor terraces with stunning views. Built in 2005 within a secure gated complex, this property boasts south-facing terraces, providing abundant natural light and scenic vistas of the surrounding landscape. The ground floor features a welcoming living-dining area with direct access to a large terrace, a modern kitchen with potential for an open-plan layout, a guest toilet with shower, and two bedrooms—one en-suite with a bathtub and both fitted with built-in wardrobes. The upper level offers a versatile open-plan space ideal for a home office, gym, or leisure zone, with the opportunity to add a third bedroom and bathroom. Enjoy outdoor living on two generous terraces, perfect for al fresco dining and barbecues, with unobstructed views. Additional features include private garage parking, air conditioning throughout, a lift, and communal gardens within this family-friendly community. Located minutes from top schools, supermarkets, restaurants, and beaches such as El Saladillo, this property is close to prestigious golf courses like Los Flamingos and La Zagaleta. Well-connected to Marbella, Puerto Banús, and Málaga Airport, this duplex in Cancelada offers the ideal blend of rural tranquility and urban convenience. Whether for year-round residence or a holiday home, this property presents excellent investment potential in one of Spain’s most desirable locations.

Location

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