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Apartment in Cancelada, 2 bedrooms, 215 m² €525.000

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2
Bedrooms
2
Bathrooms
215 m²
Surface area
€2442
Price per m²
Apartment
Property type
Apartment in Cancelada, 2 bedrooms, 215 m² - Hoofdafbeelding
Apartment in Cancelada, 2 bedrooms, 215 m² - Afbeelding 1
Apartment in Cancelada, 2 bedrooms, 215 m² - Afbeelding 2
Apartment in Cancelada, 2 bedrooms, 215 m² - Afbeelding 3
+27 photos

Analysis

Price
€525.000
Own investment (30%)
€157.500
Buyer costs
€52.500
Estimated nightly rate
€126,61
Expected occupancy rate
69%
Gross rental p/m
€0000
Mortgage costs
-€980
Maintenance costs
-€179,17
Cleaning costs
-€291,67
Platform fees
-€398,58
Municipal taxes
-€124,06
Tax (19%)
-€129,91
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€126,61
High season
€167
Mid season
€123,92
Low season
€103

Price determining factors

  • Proximity to beach and amenities: Premium location drives higher prices.
  • Sea views and outdoor terraces: Highly desirable features that increase property value.
  • Luxury features: Jacuzzi, bespoke wardrobes, high-end kitchen fixtures add to the property's premium status.

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

3.16%

5 Year Return

15.80%

10 Year Return

31.60%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with modern fixtures and high-end finishes enhances value.
  • Local market trends in 2027: Expected growth in Costa del Sol's luxury real estate market due to tourism and foreign investment.
  • Property type: Penthouse apartments typically appreciate faster due to exclusivity and views.
  • Economic outlook in 2027: Positive economic growth in Spain and Europe, boosting real estate demand.
  • Demographic developments: Increasing number of affluent retirees and expatriates settling in Costa del Sol.
  • Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and connectivity enhance property appeal.
  • Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.

Possible improvements

  • Upgrade kitchen appliances and fixtures for modern appeal.
  • Add smart home technology for convenience and security.
  • Improve outdoor spaces with landscaping or additional amenities.
  • Renovate bathrooms to incorporate the latest design trends.
  • Enhance energy efficiency with solar panels or better insulation.

Description

Discover this luxurious beachfront penthouse in Cancelada, Spain, offering stunning sea views and exceptional living space. This spacious two-level apartment is ideally located near Estepona, providing residents with direct access to the Mediterranean coastline. The open-plan lounge and dining area are flooded with natural light, featuring elegant cream marble floors and bathrooms throughout. The upper level boasts two generously-sized bedrooms with private en-suite bathrooms, each equipped with bespoke fitted wardrobes. The modern, fully-equipped kitchen showcases high-end fixtures and fittings, perfect for gourmet cooking enthusiasts. Step onto the large terraces on each floor to enjoy panoramic sea vistas, ideal for relaxing or entertaining guests. The upper terrace includes a luxurious Jacuzzi and an additional versatile room that can serve as a bedroom, office, or study. This beachfront penthouse in Cancelada, Spain, also offers excellent rental potential, providing an opportunity for income generation when not in personal use. The property’s price is negotiable, with all reasonable offers considered. Short-term rentals are available at €1500 per week, making it an attractive investment for holidaymakers and investors alike. Experience the best of Costa del Sol living with this exceptional Cancelada penthouse, perfectly positioned on the beachfront with breathtaking views and premium features.

Location

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