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Apartment in El Faro, 4 bedrooms, 152 m² €419.000

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4
Bedrooms
2
Bathrooms
152 m²
Surface area
€2757
Price per m²
Apartment
Property type
Apartment in El Faro, 4 bedrooms, 152 m² - Hoofdafbeelding
Apartment in El Faro, 4 bedrooms, 152 m² - Afbeelding 1
Apartment in El Faro, 4 bedrooms, 152 m² - Afbeelding 2
Apartment in El Faro, 4 bedrooms, 152 m² - Afbeelding 3
+26 photos

Analysis

Price
€419.000
Own investment (30%)
€125.700
Buyer costs
€41.900
Estimated nightly rate
€126,45
Expected occupancy rate
53%
Gross rental p/m
€0000
Mortgage costs
-€782,13
Maintenance costs
-€126,67
Cleaning costs
-€375
Platform fees
-€305,77
Municipal taxes
-€101,54
Tax (19%)
-€66
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€126,45
High season
€137
Mid season
€126,92
Low season
€110

Price determining factors

  • Proximity to beaches and amenities: High demand for properties near the coast.
  • Property size and layout: Spacious apartments with multiple terraces are attractive.
  • Community features: Swimming pool and private parking add value.
  • Condition of the property: Well-maintained interiors and modern amenities.
  • Economic factors: Stable local economy, low interest rates, and tourism growth.

Comparable accommodations

Rate Hotel / apartment Distance
€288,40 Lo Molí de la Jòrdia 13.0 km
€260,20 Cal Premset rural tourism (Arnes) 13.2 km
€221 Antic Forn De Paüls 13.2 km
€520,40 Mas de Borras, a farmhouse in a unique setting. 13.3 km
€251,20 La Kolina Rural House 13.4 km
€152,60 Ca l'Era... Disconnect, enjoy and rest 16.1 km
€116,40 Casa Tai Rural Accommodation 17.4 km
€157,60 Ca Filomena in Tivenys 17.5 km
€109 Cal Muga 17.6 km
€155 Comet House 17.9 km

Return & Value appreciation

Annual return

2.01%

5 Year Return

10.05%

10 Year Return

20.10%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained, recent renovations or upgrades can boost value.
  • Local market trends in 2027: Growing demand for coastal properties in Spain, especially in popular areas like El Faro.
  • Property type: Apartments in desirable coastal locations tend to appreciate steadily.
  • Economic outlook in 2027: Positive economic growth in Spain and Europe can support property appreciation.
  • Demographic developments: Increasing number of retirees and expatriates seeking coastal living.
  • Infrastructure plans in 2027: Improvements in transportation, amenities, and connectivity can enhance property value.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Renovate kitchen and bathrooms for modern appeal.
  • Upgrade terraces with outdoor furniture or landscaping.
  • Add smart home features for convenience.
  • Improve energy efficiency with new windows or insulation.
  • Enhance outdoor spaces with lighting and decor.

Description

Discover this stunning coastal apartment in El Faro, Spain, offering an ideal blend of comfort and seaside living. Perfectly situated just a five-minute walk from the beach and local amenities, this well-maintained mid-floor property provides both convenience and a relaxed lifestyle. Located near La Cala de Mijas and Fuengirola, residents enjoy easy access to vibrant restaurants, shops, and services, making this El Faro property a prime choice for both residents and investors seeking a Spanish coastal home. This spacious four-bedroom, two-bathroom apartment features an elegant layout designed for flexible living. Originally a three-bedroom unit, the west-facing terrace has been beautifully converted into a large fourth bedroom, ideal for families, guests, or a home office. The apartment boasts three generous terraces: * A south-facing terrace perfect for soaking up the sun. * A cooler, open north-facing terrace for relaxing during warmer days. * A glazed west-facing terrace seamlessly integrated into the living space, offering versatile outdoor living. Residents benefit from a well-kept community with a communal swimming pool, ideal for enjoying hot summer days. The property also includes a private parking space in the garage with an electric vehicle charging station, ensuring modern convenience and security. This El Faro apartment is an excellent opportunity for a permanent residence, a holiday retreat, or a lucrative investment in one of Spain’s most sought-after coastal locations. Experience the best of Spanish seaside living with this exceptional property in El Faro, Spain.

Location

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