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Apartment in Elviria, 2 bedrooms, 83 m² €499.500

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2
Bedrooms
2
Bathrooms
83 m²
Surface area
€
€6018
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 83 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 83 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 83 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 83 m² - Afbeelding 3
+22 photos

Analysis

Price
€499.500
Own investment (30%)
€149.850
Buyer costs
€49.950
Estimated nightly rate
€154,54
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€932,40
Maintenance costs
-€69,17
Cleaning costs
-€291,67
Platform fees
-€458,31
Municipal taxes
-€118,64
Tax (19%)
-€225,19
Cashflow p.m.
Earned back in

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Nightly 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

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