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Apartment in Elviria, 2 bedrooms, 89 m² €699.000

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2
Bedrooms
2
Bathrooms
89 m²
Surface area
€7854
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 89 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 89 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 89 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 89 m² - Afbeelding 3
+10 photos

Analysis

Price
€699.000
Own investment (30%)
€209.700
Buyer costs
€69.900
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€1.304,80
Maintenance costs
-€74,17
Cleaning costs
-€291,67
Platform fees
-€458,25
Municipal taxes
-€161,04
Tax (19%)
-€145,36
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 and amenities increases desirability.
  • High-quality communal facilities such as pool and gym add value.
  • Modern appliances and recent construction reduce immediate renovation costs.

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

2.66%

5 Year Return

13.30%

10 Year Return

26.60%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained modern apartment with recent construction enhances value.
  • Local market trends in 2027: Growing demand for beachfront properties in Marbella boosts appreciation.
  • Property type: Ground-floor apartment with private garden and amenities is highly desirable.
  • Economic outlook in 2027: Stable economic growth in Spain supports real estate appreciation.
  • Demographic developments: Increasing number of retirees and expatriates in Marbella drive demand.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and local facilities increase property appeal.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Upgrade kitchen appliances for modern appeal.
  • Enhance outdoor space with landscaping or additional furniture.
  • Install energy-efficient windows or solar panels to reduce utility costs.
  • Add smart home features for increased convenience.

Description

Discover this stunning ground-floor apartment in the newly completed Estrella del Mar residence, ideally located just 200 meters from Marbella's most beautiful beaches in Elviria, Spain. This prime Elviria property offers unparalleled access to Marbella's renowned coastline, making it a perfect choice for beach lovers and investors alike. Enjoy easy strolls to popular beachfront restaurants such as Beach House, La Plage Casanis, and La Scala, or visit the iconic Nikki Beach with a pleasant walk. The vibrant Centro Elviria Commercial Center is also within walking distance, featuring a variety of shops, cafes, bars, and entertainment options. This spacious apartment boasts a bright living room with direct access to a private terrace and lush garden, perfect for outdoor dining and relaxation. The open-concept kitchen is fully equipped with modern appliances and a utility room with a washer and dryer. The master bedroom includes a private bathroom with a bathtub and terrace access, while the guest bedroom has two single beds and a separate guest bathroom with a shower. All household appliances are under warranty, ensuring peace of mind. The underground parking space and a storage room add convenience. Residents enjoy access to a communal garden with a swimming pool for adults, a paddling pool for children, and a well-equipped gym. This Elviria apartment combines luxury, comfort, and an unbeatable location in Spain, making it an exceptional opportunity for buyers seeking a high-quality property near Marbella's beautiful beaches.

Location

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