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2
Bedrooms
2
Bathrooms
84 m²
Surface area
€
€4881
Price per m²
Apartment
Property type
+21 photos
Analysis
Price
€410.000
Own investment (30%)
€123.000
30% down payment of purchase price
Buyer costs
€41.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€126,46
Expected occupancy rate
69%
Gross rental p/m
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€0000
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Mortgage costs
-€765,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€70
{% 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
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€398,11
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€99,62
Municipal taxes for Cancelada
Tax
(19%)
-€195,58
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
€126,46
High season
€167
Mid season
€123,92
Low season
€104
Price determining factors
- Proximity to beaches, golf courses, and amenities increases desirability.
- Modern features and fully furnished status add value.
- Secure gated community with amenities enhances attractiveness.
- Views and outdoor spaces like terraces boost market value.
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
8.13%
5 Year Return
40.65%
10 Year Return
81.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern finishes, fully furnished, move-in ready, which supports steady appreciation.
- Local market trends in 2027: Expected growth in Costa del Sol due to tourism and expatriate influx.
- Property type: New-build apartment, appealing to buyers seeking modern amenities and low maintenance.
- Economic outlook in 2027: Positive, with Spain's economy expected to recover and grow, boosting property values.
- Demographic developments: Increasing expatriate and retiree populations seeking holiday and permanent homes.
- Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and leisure facilities enhancing property appeal.
- Historical WOZ value trends: Consistent increase reflecting rising property values and demand.
Possible improvements
- Adding a smart home system for enhanced security and convenience.
- Upgrading kitchen appliances and fixtures.
- Installing energy-efficient windows or solar panels.
- Enhancing outdoor spaces with landscaping or additional features.
Description
Discover this stunning new-build contemporary apartment in Cancelada, Spain, situated on the prestigious New Golden Mile. This modern 2-bedroom, 2-bathroom residence offers panoramic mountain views and seamless indoor-outdoor living, perfect for those seeking a luxurious lifestyle in Spain's Costa del Sol. The open-plan kitchen and spacious living area are flooded with natural light through large windows, complemented by air conditioning, built-in wardrobes, and shutters. Fully furnished and move-in ready, this apartment is ideal for both immediate occupancy or rental investment.
Relax on the covered terrace, featuring lighting and water connections, while enjoying breathtaking mountain vistas and spectacular sunsets. The gated community boasts lush landscaped gardens, a swimming pool, security, concierge service, and a petanca area, ensuring a tranquil yet secure environment.
Residents have access to the Cancelada Club House, offering a heated indoor pool, fully equipped gym, and a restaurant with a terrace—perfect for leisure, fitness, and socializing without leaving the neighborhood. Conveniently located, the property is just minutes from beaches, golf courses, shops, schools, and essential services.
Whether you are looking for a primary residence, a holiday retreat, or a lucrative investment in Spain, this apartment on the New Golden Mile in Cancelada provides an exceptional opportunity to enjoy modern living in a highly sought-after area of Spain.
Location
Nightly rates in the area
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