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2
Bedrooms
2
Bathrooms
93 m²
Surface area
€
€5914
Price per m²
Apartment
Property type
+21 photos
Analysis
Price
€550.000
Own investment (30%)
€165.000
30% down payment of purchase price
Buyer costs
€55.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€126,61
Expected occupancy rate
69%
Gross rental p/m
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€0000
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Mortgage costs
-€1.026,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€77,50
{% 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
-€398,58
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€129,38
Municipal taxes for Estepona
Tax
(19%)
-€139,35
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
€126,61
High season
€167
Mid season
€123,92
Low season
€103
Price determining factors
- Proximity to beaches and amenities: Enhances desirability and value.
- Views and outdoor space: Spectacular sea and mountain views with large terrace add premium value.
- Property condition: Modern, fully furnished, turnkey condition.
- Local market demand: High demand for luxury properties in Costa del Sol.
- Economic factors: Stable local economy, favorable exchange rates for foreign buyers.
Comparable accommodations
| 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
3.24%
5 Year Return
16.20%
10 Year Return
32.40%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern furnishings, recent renovations enhance value.
- Local market trends in 2027: Expected continued growth driven by tourism and expatriate demand.
- Property type: Luxury penthouse in a high-demand coastal area attracts premium buyers.
- Economic outlook in 2027: Positive, with stable growth in Spain and increased foreign investment.
- Demographic developments: Growing expatriate community and retirees seeking luxury coastal living.
- Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and connectivity.
- Historical WOZ value trends: Consistent increase reflecting rising property values in Estepona.
Possible improvements
- Adding a private jacuzzi or pool on the terrace.
- Upgrading kitchen appliances and fixtures.
- Enhancing outdoor furniture and landscaping.
- Installing smart home technology for added convenience.
- Improving energy efficiency with solar panels or better insulation.
Description
Discover this exquisite 2-bedroom, 2-bathroom penthouse in Estepona, Spain, situated within the prestigious Oceana Gardens complex on the coveted New Golden Mile. Perfectly positioned between Marbella and Estepona, this property offers unparalleled coastal living with spectacular sea and mountain views. Spanning a single floor, the modern penthouse features an expansive 76m² private terrace, ideal for enjoying breathtaking sunsets, outdoor entertaining, or relaxing amidst scenic surroundings. The bright and spacious interior boasts an open-plan living and dining area seamlessly connected to the outdoor terrace, creating a harmonious indoor-outdoor lifestyle. The fully furnished, turnkey property includes a modern kitchen with high-end appliances, built-in wardrobes in both bedrooms, and elegant bathrooms. Practical amenities such as underground parking and a private storage room enhance convenience and security. Residents enjoy access to a stunning communal swimming pool, a well-equipped gym, and an exclusive nearby sports club offering top-tier facilities, including a restaurant, heated indoor pool, spa, and wellness area. Located just 2.5 km from Costa del Sol’s renowned beaches, with charming beach bars and stylish clubs, this Estepona property provides the perfect base for enjoying the vibrant coastal lifestyle. Whether seeking a luxurious second home, a profitable investment, or a permanent residence, this Estepona penthouse combines comfort, luxury, and prime location in Spain’s sought-after Costa del Sol.
Location
Nightly rates in the area
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