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Apartment in Elviria, 2 bedrooms, 119 m² €408.000

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2
Bedrooms
1
Bathrooms
119 m²
Surface area
€
€3429
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 119 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 119 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 119 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 119 m² - Afbeelding 3
+44 photos

Analysis

Price
€408.000
Own investment (30%)
€122.400
Buyer costs
€40.800
Estimated nightly rate
€138,20
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€761,60
Maintenance costs
-€99,17
Cleaning costs
-€291,67
Platform fees
-€409,85
Municipal taxes
-€99,20
Tax (19%)
-€203,46
Cashflow p.m.
Earned back in
00months

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Nightly Rates

Estimated nightly rate
€138,20
High season
€184
Mid season
€133,08
Low season
€98

Price determining factors

  • Proximity to beaches and amenities: Enhances desirability and value.
  • Property features: Large terrace, Jacuzzi, modern interior, private garage.
  • Location: Elviria's reputation as a sought-after area in Marbella.
  • Market demand: High demand for luxury properties in coastal Spain.

Comparable accommodations

Rate Hotel / apartment Distance
€133,60 An impressive beach house 8.7 km
€203 Casa Flores - Panoramic views, pool, tennis, BBQ 15.4 km
€132,40 Spectacular house on Carvajal Beach 18.3 km
€125,20 Picturesque Casita Mijas Pueblo 16.8 km
€166,80 Chariming and creative house 50m from the beach 2.1 km
€134,80 Cubo's Finca La Graciosa (Cubo's Farm) 21.0 km
€275,20 Casa Tetuan in old town Marbella, a manicured home 8.9 km
€186,80 Unique place with roof terrace in Old town 9.1 km
€124,86 Sunny hillside casita in Guaro 17.9 km
€131,40 House 5 minutes from the beach, Puerto Banús and 5 golf courses 16.7 km

Return & Value appreciation

Annual return

8.50%

5 Year Return

42.50%

10 Year Return

85.00%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with modern amenities, which can attract higher rental income and resale value.
  • Local market trends in 2027: Expected growth due to increasing popularity of Elviria as a desirable coastal location.
  • Property type: Penthouse with outdoor space and luxury features, appealing to high-end buyers and renters.
  • Economic outlook in 2027: Positive economic growth in Spain and the Marbella region, supporting property appreciation.
  • Demographic developments: Growing expatriate and retiree populations seeking luxury coastal properties.
  • Infrastructure plans in 2027: Planned improvements in transportation and local amenities, increasing property attractiveness.
  • Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.

Possible improvements

  • Renovate kitchen and bathrooms to modern standards.
  • Upgrade interior decor for a more contemporary look.
  • Add smart home features for increased convenience.
  • Enhance outdoor space with additional landscaping or furniture.
  • Improve energy efficiency with new windows or insulation.

Description

Discover this stunning penthouse in Elviria, Spain, offering luxurious living with spectacular outdoor space and modern amenities. This spacious one-bedroom penthouse features a large bathroom and an additional versatile room perfect for an office, guest room, or dining area. The highlight is the expansive 60 m2 south-facing terrace, providing ample sunlight throughout the day, complete with privacy and a relaxing Jacuzzi—ideal for enjoying the sunny Marbella climate. Bright and airy, the apartment boasts numerous windows that flood the interior with natural light, enhancing its inviting atmosphere. Located in sought-after Elviria, this property provides easy access to Marbella’s best beaches, with Zaragoza Beach just 500 meters away—only a 7-minute walk. Residents benefit from a well-maintained community with a large garden and a refreshing swimming pool, perfect for relaxation and social gatherings. The property also includes a private garage space for convenience. Elviria, Spain, is renowned for its vibrant lifestyle, excellent restaurants, supermarkets, and business centers, all within close proximity. This exceptional penthouse in Elviria offers the perfect blend of coastal tranquility and urban convenience, making it an ideal investment or primary residence in one of Spain’s most desirable coastal locations.

Location

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