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2
Bedrooms
2
Bathrooms
124 m²
Surface area
€
€5484
Price per m²
Apartment
Property type
+34 photos
Analysis
Price
€680.000
Own investment (30%)
€204.000
30% down payment of purchase price
Buyer costs
€68.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€1.269,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€103,33
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
-€458,25
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€157
Municipal taxes for Elviria
Tax
(19%)
-€147,33
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.
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
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| 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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