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2
Bedrooms
2
Bathrooms
83 m²
Surface area
€
€6018
Price per m²
Apartment
Property type
+22 photos
Analysis
Price
€499.500
Own investment (30%)
€149.850
30% down payment of purchase price
Buyer costs
€49.950
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,54
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€932,40
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€69,17
{% trans '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
-€458,31
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€118,64
Municipal taxes for Elviria
Tax
(19%)
-€225,19
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.
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Log inNightly Rates
Estimated nightly rate
€154,54
High season
€212
Mid season
€148,75
Low season
€108
Price determining factors
- Proximity to beaches, golf courses, and amenities increases desirability.
- Luxury development status attracts high-end buyers.
- Limited supply of similar properties in prime locations.
- Potential for rental income, increasing investment appeal.
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
7.69%
5 Year Return
38.45%
10 Year Return
76.90%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained and recently renovated, which supports value appreciation.
- Local market trends in 2027: Expected growth driven by tourism and expatriate demand in Costa del Sol.
- Property type: Apartments in luxury developments tend to appreciate steadily due to high demand.
- Economic outlook in 2027: Spain's economy is projected to recover and grow, boosting real estate values.
- Demographic developments: Increasing expatriate and retiree populations in the area support demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhance property appeal.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Upgrade kitchen appliances and fixtures.
- Add smart home technology for modern appeal.
- Enhance outdoor space with landscaping or furniture.
- Implement energy-efficient upgrades to reduce costs.
Description
Discover an exceptional investment opportunity in Elviria, Spain, with this beautifully renovated apartment in a prime location on the Costa del Sol. Perfectly positioned in the heart of Elviria's luxury development, this property offers unparalleled access to pristine tropical gardens and multiple crystal-clear swimming pools, making it an ideal choice for both homeowners and investors seeking a property in Elviria, Spain. This spacious middle-floor apartment features two bedrooms and two bathrooms across 83 square meters of modern living space, complemented by a 19-square-meter private terrace with southeast orientation, perfect for enjoying the Mediterranean climate. The contemporary, fully fitted kitchen and stylish marble flooring enhance the home's luxurious feel. Residents benefit from a range of amenities including a communal pool, gym, paddle tennis, tennis courts, on-site restaurant, and high-speed fiber optic internet. The apartment includes a private underground parking space, with security features such as 24-hour surveillance, entry phone, and a safe. With stunning views of the sea, golf courses, and lush gardens, this property offers a lifestyle of comfort and elegance in Elviria, Spain. Whether you're looking for a golf residence, an investment property, or a holiday home, this well-maintained apartment provides excellent value, especially with the recent price reduction for a quick sale. Don't miss out on this unique opportunity to own a piece of the Costa del Sol in Elviria, Spain.
Location
Nightly rates in the area
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