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3
Bedrooms
2
Bathrooms
106 m²
Surface area
€
€4009
Price per m²
Apartment
Property type
+15 photos
Analysis
Price
€425.000
Own investment (30%)
€127.500
30% down payment of purchase price
Buyer costs
€42.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€204,39
Expected occupancy rate
61%
Gross rental p/m
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€0000
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Mortgage costs
-€793,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€88,33
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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€568,84
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€102,81
Municipal taxes for Elviria
Tax
(19%)
-€362,07
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
€204,39
High season
€274
Mid season
€196,17
Low season
€141
Price determining factors
- Proximity to beaches and amenities
- Community security and facilities
- Property size and layout
- Potential for renovation or upgrades
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 14.9 km |
| €185 | Villa La Guirnalda private pool/wifi/barbecue | 21.5 km |
| €164,40 | 3 Bed Accommodation with Pool | 12.7 km |
| €314 | Livita, Space, Above the beach, Cala de mijas | 10.7 km |
| €195,20 | Hacienda el Alamo | 12.8 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 6.4 km |
| €210 | Beach House | 10.9 km |
| €84 | Paradise, sun and beach. Charming terrace. | 10.6 km |
| €185 | Entire House with Terrace in Marbella | 13.1 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 17.2 km |
Return & Value appreciation
Annual return
10.90%
5 Year Return
54.50%
10 Year Return
109.00%
ROI Distribution
Value development
Factors for value appreciation
- Property condition
- Local market trends in 2027
- Property type
- Economic outlook in 2027
- Demographic developments
- Infrastructure plans in 2027
- Historical WOZ value trends
Possible improvements
- Renovate kitchen and bathrooms for modern appeal
- Upgrade flooring and fixtures
- Enhance outdoor terrace space
- Improve storage solutions
- Add smart home features
Description
Discover this charming Elviria apartment in Spain, perfectly situated in the heart of the popular Elviria urbanization. This spacious 105 m² top-floor property offers a fantastic opportunity for buyers seeking a versatile home or investment property in Spain. Featuring three bright bedrooms and two bathrooms, the apartment boasts an open-plan living room with a cozy fireplace that opens onto an expansive sky terrace, ideal for outdoor entertaining. The kitchen is well-lit, with an extension leading to a covered terrace, perfect for al fresco dining. Additional storage is provided by a 7 m² ground-floor storage room. While the property does not have a lift, the gated community offers enhanced security with CCTV surveillance and well-maintained communal areas, including a recently upgraded swimming pool and lush green sunbathing zones. Located in the central Elviria area, this property is within walking distance to a variety of excellent restaurants, bars, and shopping options, as well as some of the most beautiful sandy beaches in Marbella. Convenience is key, with just an 8-minute drive to Marbella and 22 minutes to Malaga Airport, making this Elviria property ideal for both full-time living and holiday rentals. Experience the best of coastal living in Spain with this attractive Elviria apartment, offering great potential and a prime location near Marbella’s vibrant amenities and stunning beaches.
Location
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