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3
Bedrooms
2
Bathrooms
103 m²
Surface area
€
€6311
Price per m²
Apartment
Property type
+12 photos
Analysis
Price
€650.000
Own investment (30%)
€195.000
30% down payment of purchase price
Buyer costs
€65.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€163,38
Expected occupancy rate
66%
Gross rental p/m
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€0000
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Mortgage costs
-€1.213,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€85,83
{% 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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€491,98
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€150,62
Municipal taxes for Cancelada
Tax
(19%)
-€190,90
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
€163,38
High season
€221
Mid season
€159,92
Low season
€129
Price determining factors
- Proximity to beaches, golf courses, and amenities.
- Luxury features such as private terrace, communal facilities, and modern design.
- Community amenities like gym, pool, and gardens.
- Potential for holiday rental income.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 19.0 km |
| €185 | Entire House with Terrace in Marbella | 12.1 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 7.3 km |
| €175 | Chic 3BR Townhouse on the Beach + Pool + Parking | 1.3 km |
| €140,40 | TOWNHOUSE Old Town Marbella Large Rooftop Terr! A | 15.8 km |
| €281,20 | Ocean Front Villa w/Private Pool | 1.3 km |
| €421 | Calm Villa · Private Infinity Pool | 17.1 km |
| €159,80 | Lucia's home, beach and mountains. | 19.7 km |
| €294,40 | Villa with pool near the beach for families | 5.5 km |
| €182,40 | House in Marbella's Old Town, 100m from the Beach☆ | 16.2 km |
Return & Value appreciation
Annual return
3.76%
5 Year Return
18.80%
10 Year Return
37.60%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained modern features increase value.
- Local market trends in 2027: Growing demand for luxury properties in Costa del Sol.
- Property type: Penthouse with private terrace and views enhances desirability.
- Economic outlook in 2027: Positive economic growth in Spain and Europe supports property appreciation.
- Demographic developments: Increasing expatriate and retiree population in Spain.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities boost property appeal.
- Historical WOZ value trends: Consistent increase in property values in Estepona area.
Possible improvements
- Upgrade kitchen appliances and finishes.
- Add smart home technology for modern convenience.
- Improve outdoor furniture and landscaping on the terrace.
- Enhance energy efficiency with solar panels or better insulation.
Description
Discover this stunning penthouse for sale in Cancelada, Estepona, Spain, offering luxurious living with breathtaking garden and pool views. This modern property features 3 spacious bedrooms, including a master suite, and 2 stylish bathrooms, with one being en-suite. Boasting a generous 103.29 square meters of built space plus a 53.4 square meter private terrace, this penthouse provides ample room for relaxation and entertaining. The open-plan kitchen seamlessly connects to the living area, ideal for contemporary lifestyles. Situated in a gated community with lift access, the property includes a private garage with space for one vehicle, a communal garden, and a sparkling swimming pool, perfect for enjoying the warm Costa del Sol climate. Additional amenities include air conditioning, double glazing, fitted wardrobes, a storage room, and an automatic irrigation system, ensuring comfort and convenience. Located in Cancelada, Estepona, this property is close to beaches, golf courses, shops, schools, and transportation, making it an ideal choice for families, investors, or those seeking a serene yet connected lifestyle in Spain. The community also features a gym, children's playground, and beautifully maintained gardens, all in excellent condition. Whether you seek a permanent residence or a holiday retreat, this Cancelada penthouse offers the perfect blend of luxury, location, and lifestyle in Spain.
Location
Nightly rates in the area
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