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Apartment in Elviria, 2 bedrooms, 124 m² €680.000

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2
Bedrooms
2
Bathrooms
124 m²
Surface area
€5484
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 124 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 124 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 124 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 124 m² - Afbeelding 3
+34 photos

Analysis

Price
€680.000
Own investment (30%)
€204.000
Buyer costs
€68.000
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€1.269,33
Maintenance costs
-€103,33
Cleaning costs
-€291,67
Platform fees
-€458,25
Municipal taxes
-€157
Tax (19%)
-€147,33
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€154,52
High season
€212
Mid season
€148,75
Low season
€108

Price determining factors

  • Proximity to beaches, restaurants, and shops.
  • Luxury amenities and well-maintained communal areas.
  • Property size and outdoor space, including large terraces.
  • High demand for holiday and permanent residences in Elviria.

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

2.77%

5 Year Return

13.85%

10 Year Return

27.70%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained interiors and amenities enhance value.
  • Local market trends in 2027: Growing demand for luxury coastal properties in Elviria.
  • Property type: Apartments in gated communities are highly desirable.
  • Economic outlook in 2027: Positive economic growth in Spain supports property appreciation.
  • Demographic developments: Increasing number of expatriates and retirees in Costa del Sol.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities.
  • Historical WOZ value trends: Consistent increase in property valuation in the area.

Possible improvements

  • Renovate kitchen and bathrooms for modern appeal.
  • Upgrade interior finishes and fixtures.
  • Enhance outdoor living spaces with landscaping or decking.
  • Add smart home features for convenience and security.

Description

Discover this exquisite 2-bedroom, 2-bathroom luxury apartment in the sought-after Elviria area of Spain, offering the perfect blend of elegance and comfort on the Costa del Sol. Located within the prestigious Hacienda Playa urbanization, this timeless property boasts a bright, spacious interior designed for seamless coastal living. The apartment features two generously sized bedrooms, each with direct access to a large south-facing terrace that floods the living space with natural light, creating an ideal indoor-outdoor lifestyle. The open-plan living room and fully equipped kitchen provide an inviting environment for both relaxed holidays and year-round residence. Additional amenities include an underground parking space and secure storage, ensuring convenience and security. Set within a gated community, residents enjoy beautifully maintained gardens and a communal swimming pool, perfect for leisure and relaxation. Situated in the heart of Elviria, the property is within walking distance to renowned hotspots like Nikki Beach, as well as a variety of restaurants, cafes, and shops, making it a prime location for lifestyle buyers. This luxurious Elviria property on the Costa del Sol is ideal for those seeking a high-quality lifestyle in Spain, whether as a holiday retreat or a permanent residence. Experience the best of coastal living by investing in this exceptional Elviria apartment, a true gem on the Spanish coast.

Location

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