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Apartment in Estepona, 2 bedrooms, 109 m² €365.000

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Bedrooms

Bathrooms

109 m²

Surface area

€

€3349

Price per m²

Apartment

Property type

Apartment in Estepona, 2 bedrooms, 109 m² - Afbeelding 1

Apartment in Estepona, 2 bedrooms, 109 m² - Afbeelding 2

Apartment in Estepona, 2 bedrooms, 109 m² - Afbeelding 3

+38 photos

Analysis

Price

€365.000

Own investment (30%)

30% down payment of purchase price

€109.500

Buyer costs

Buyer costs: 10% of purchase price

€36.500

Estimated nightly rate

€126,46

Expected occupancy rate

69%

Gross rental p/m

€0000 Sign in to view

Mortgage costs

This is the monthly interest you pay for the mortgage(3.2%interest)

-€681,33

Maintenance costs

Estimated annual maintenance costs (10€/m²). This is the rule of thumb for existing and older homes. For new construction, this is usually lower.

-€90,83

Cleaning costs

Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.

-€291,67

Platform fees

15% commission based on average fees from Booking.com and Airbnb

-€398,11

Municipal taxes

Municipal taxes for Estepona

-€90,06

Tax (19%)

This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.

-€209,40

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

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Nightly Rates

Estimated nightly rate

€126,46

High season

€167

Mid season

€123,92

Low season

€104

Price determining factors

Location on the golf course with sea views.
Proximity to beaches, town center, and hospital.
Gated community with amenities and security.
Rental license enabling short-term rentals.
High-quality finishes and features like marble floors, air conditioning.

Comparable accommodations

All comparable accommodations and their nightly rates are retrieved from booking platforms.

Rate	Hotel / apartment	Distance
€118	Villacana Villa-holiday by the beach	9.0 km
€139,40	Townhouse – 3 floors Close to the beach!	11.2 km
€125,60	Modern Townhouse, roof terrace in Estepona OldTown	0.4 km
€139	Casa Relajante - big summer garden	1.4 km
€286,80	Beachfront BohoChic II Pool+DirectBeach+Parking	3.2 km
€131,40	House 5 minutes from the beach, Puerto Banús and 5 golf courses	17.7 km
€108,40	Marbella Townhouse near Top Golf Courses	18.9 km
€161,60	Luxury Oasis at Alcazaba Lagoon	7.1 km
€298,60	Superb Townhouse in Golden Mile	21.0 km
€124,71	Casa Strandblick (Sea view villa)	7.9 km

Return & Value appreciation

Annual return

7.34%

5 Year Return

36.70%

10 Year Return

73.40%

ROI Distribution

Value development

Factors for value appreciation

Property condition: Well-maintained with modern fittings, which supports value retention and growth.
Local market trends in 2027: Expected to be positive due to increasing demand for luxury properties in Estepona.
Property type: Luxury penthouse on the first line of golf, which generally appreciates well in desirable locations.
Economic outlook in 2027: Likely stable or improving, supporting real estate appreciation.
Demographic developments: Growing expatriate and retiree populations in Costa del Sol, increasing demand.
Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and amenities in Estepona.
Historical WOZ value trends: Consistent increase in property values in Estepona over recent years.

Possible improvements

Renovate kitchen and bathrooms for modern appeal.
Upgrade smart home features for added convenience.
Enhance outdoor living space with landscaping or additional amenities.
Install energy-efficient systems to reduce utility costs.
Add storage solutions or custom furniture to maximize space.

Risk assessment

Overall risk: Low

Criterion	Level	Score	Explanation
Location quality	Low	15	Prime location on golf course with excellent amenities and views.
Tenant demand	Low	20	High demand from expatriates, retirees, and holidaymakers.
Cash flow stability	Medium	50	Stable rental income expected, but seasonal fluctuations possible.
Vacancy risk	Low	25	Strong rental license and high demand reduce vacancy risk.
Property condition / capital expenditure risk	Low	20	Property is modern and well-maintained.
Purchase price vs market value	Low	30	Competitive pricing relative to market comparables.
Financing risk (leverage)	Medium	55	Up to 70% mortgage available, but leverage increases risk.
Interest rate risk	Medium	55	Potential rate increases could impact financing costs.
Liquidity risk	Medium	50	Market liquidity in high-end properties is moderate.
Market risk (economic conditions)	Medium	55	Economic fluctuations could affect property values.
Regulatory / legal risk	Low	20	Stable legal environment with clear property rights.
Rent level vs market rent	Low	25	Rent levels are aligned with market standards.
Tenant concentration risk	Very low	10	Diverse tenant base expected due to high demand.
Expense risk	Low	20	Low maintenance costs due to modern condition.
Appreciation potential	Medium	50	Good potential given location and market trends.
Exit risk (resale ability)	Low	25	High demand for luxury properties ensures good resale prospects.
Management complexity risk	Low	15	Managed within a community with amenities.
Deal structure risk	Low	20	Clear legal and financing options available.

Description

Discover this stunning penthouse for sale in Estepona, Spain, perfectly positioned on the first line of Azata Golf. This fully furnished and equipped property offers a luxurious living experience with breathtaking views of the golf course, surrounding hills, and lush community gardens. Situated on the second and top floor, the 135 sqm penthouse features a spacious layout with a welcoming entrance leading to a bright living room with an open fireplace, seamlessly opening onto a generous 26 sqm south-east facing terrace—ideal for enjoying sunny days and spectacular sunsets. The modern, fully fitted kitchen includes a utility room, with high-quality fittings throughout. The property boasts two bedrooms, including an en-suite master, and two elegant bathrooms, complemented by features such as marble floors, double glazing, electric sun blinds, air conditioning, and built-in wardrobes. Additional amenities include a garage, storage room, video entrance system, and a rental license, making this an excellent investment opportunity in Estepona. Located in a tranquil, gated community with 24-hour security, residents enjoy two swimming pools, a children’s pool, and beautifully maintained gardens. Just minutes from Estepona’s beaches, vibrant town center, and the new hospital, this property offers convenient access to all amenities. Whether seeking a year-round residence, holiday retreat, or rental investment, this Estepona penthouse combines luxury, comfort, and prime location. Spanish banks offer up to 70% mortgage financing, making this an accessible opportunity to own a premium property in Estepona, Spain.