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2
Bedrooms
2
Bathrooms
124 m²
Surface area
€
€3210
Price per m²
Apartment
Property type
+12 photos
Analysis
Price
€398.000
Own investment (30%)
€119.400
30% down payment of purchase price
Buyer costs
€39.800
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,31
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€742,93
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
-€457,63
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€104,94
Municipal taxes for Elviria
Tax
(19%)
-€256,56
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
€154,31
High season
€212
Mid season
€148,75
Low season
€108
Price determining factors
- Proximity to the beach and amenities: Highly desirable location.
- Property condition: Modern, move-in ready condition.
- Community amenities: Pool, gardens, private parking add value.
- Market demand: High demand for holiday and rental properties 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
8.24%
5 Year Return
41.20%
10 Year Return
82.40%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern interior enhances value.
- Local market trends in 2027: Expected steady growth due to tourism and expatriate demand.
- Property type: Apartments in desirable locations tend to appreciate steadily.
- Economic outlook in 2027: Positive, with tourism and real estate sectors likely to grow.
- Demographic developments: Increasing expatriate and retiree populations boost demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities support property value.
- Historical WOZ value trends: Consistent increase indicating rising property values.
Possible improvements
- Renovate kitchen and bathrooms for a more modern look.
- Upgrade flooring or fixtures to increase appeal.
- Add smart home features for modern convenience.
- Improve outdoor space with landscaping or furniture.
Description
Discover this modern ground floor apartment in Elviria, Spain — a prime property on the Costa del Sol. Perfectly situated just a two-minute walk from the beach, this stylish residence offers 124 square meters of contemporary living space complemented by a spacious 27-square-meter private terrace. The south-facing orientation ensures abundant natural light throughout the day, creating an inviting atmosphere ideal for year-round living, vacation, or investment purposes. Located in a sought-after gated complex, residents enjoy access to beautifully maintained communal gardens, a large swimming pool, and underground private parking. Inside, the apartment features a brand new fully fitted kitchen, an open-concept living and dining area, and two generous bedrooms with fitted wardrobes, including a master with an en-suite bathroom. Its prime location in Elviria places you close to local shops, restaurants, and amenities, making it a highly desirable property on the Costa del Sol. Whether you're seeking a permanent residence or a holiday retreat, this Elviria apartment combines modern comfort with an unbeatable location, promising excellent rental potential and a luxurious lifestyle in the heart of Spain’s Costa del Sol.
Location
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