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Apartment in Estepona, 3 bedrooms, 120 m² €530.000

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3
Bedrooms
2
Bathrooms
120 m²
Surface area
€4417
Price per m²
Apartment
Property type
Apartment in Estepona, 3 bedrooms, 120 m² - Hoofdafbeelding
Apartment in Estepona, 3 bedrooms, 120 m² - Afbeelding 1
Apartment in Estepona, 3 bedrooms, 120 m² - Afbeelding 2
Apartment in Estepona, 3 bedrooms, 120 m² - Afbeelding 3
+15 photos

Analysis

Price
€530.000
Own investment (30%)
€159.000
Buyer costs
€53.000
Estimated nightly rate
€163,38
Expected occupancy rate
66%
Gross rental p/m
€0000
Mortgage costs
-€989,33
Maintenance costs
-€100
Cleaning costs
-€333,33
Platform fees
-€491,98
Municipal taxes
-€125,12
Tax (19%)
-€235,62
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€163,38
High season
€221
Mid season
€159,92
Low season
€129

Price determining factors

  • Proximity to beaches and Old Town: High demand area.
  • Community amenities: Lush gardens and swimming pool add value.
  • Property size and terrace: Large outdoor space is attractive.
  • Condition of the property: Good condition but modernization can enhance value.

Comparable accommodations

Rate Hotel / apartment Distance
€185 Entire House with Terrace in Marbella 21.4 km
€382,40 Three bed house with pool 50 metres from the beach 16.5 km
€175 Chic 3BR Townhouse on the Beach + Pool + Parking 10.5 km
€281,20 Ocean Front Villa w/Private Pool 10.5 km
€421 Calm Villa · Private Infinity Pool 7.9 km
€159,80 Lucia's home, beach and mountains. 11.3 km
€294,40 Villa with pool near the beach for families 3.8 km
€195,20 Justine's Houses - Casa Carmen 18.0 km
€125,60 Beautiful house with a private pool. 18.5 km
€147,20 Casa Azul 18.6 km

Return & Value appreciation

Annual return

5.69%

5 Year Return

28.45%

10 Year Return

56.90%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Modernization potential can increase value.
  • Local market trends in 2027: Expected growth in seaside property demand.
  • Property type: Duplex penthouse with large terrace is highly desirable.
  • Economic outlook in 2027: Stable with potential growth in tourism and real estate sectors.
  • Demographic developments: Increasing demand from retirees and holidaymakers.
  • Infrastructure plans in 2027: Improvements in transportation and amenities could boost value.
  • Historical WOZ value trends: Consistent appreciation in property taxes indicating rising property values.

Possible improvements

  • Renovate the interior to modern standards.
  • Upgrade kitchen and bathrooms for increased appeal.
  • Enhance outdoor terrace with amenities like a pergola or outdoor kitchen.
  • Improve energy efficiency with new windows or insulation.

Description

Discover this exceptional duplex penthouse in the heart of Estepona, Spain, offering an unbeatable location just a short 10-minute walk to the pristine beaches, lively seafront promenade, and the historic Old Town of Estepona. Located on the 5th floor of a well-maintained building with elevator access, this spacious Estepona penthouse boasts a generous 55m² private terrace with panoramic views of Estepona's rooftops, the surrounding mountains, and glimpses of the sparkling sea—perfect for outdoor dining, entertaining, or relaxing in the sun. Situated within a friendly community featuring lush gardens and a large swimming pool, this property combines comfort and convenience with very affordable community fees of only €75 per month. Inside, the versatile layout includes a sizeable kitchen with dining space, a guest WC, a cozy living room, and an enclosed terrace currently used as an office or fourth bedroom. Upstairs, you'll find a large principal bedroom, two additional bedrooms, and two bathrooms, along with ample storage space and a private parking spot included in the price. Although in good condition, the Estepona property offers excellent potential for modernization to enhance its value. Whether seeking a permanent residence or a holiday home, this prime location in Estepona, Spain, presents a rare opportunity to own a spacious duplex penthouse at an attractive price. Don’t miss out on this fantastic chance to enjoy the best of seaside living in Estepona, Spain.

Location

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