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1
Bedrooms
1
Bathrooms
49 m²
Surface area
€
€10184
Price per m²
Apartment
Property type
+11 photos
Analysis
Price
€499.000
Own investment (30%)
€149.700
30% down payment of purchase price
Buyer costs
€49.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€80,76
Expected occupancy rate
69%
Gross rental p/m
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€0000
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Mortgage costs
-€931,47
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€40,83
{% 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
-€254,24
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€118,54
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€11,06
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
€80,76
High season
€108
Mid season
€78,83
Low season
€61
Price determining factors
- Proximity to beaches, shops, and transport links increases desirability.
- Development quality and amenities add value.
- Potential for renovation or upgrades to increase appeal.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €111 | Stunning apartment with ocean views | 4.5 km |
| €287,40 | Casita with fantastic views | 10.3 km |
| €165,60 | Beautiful Mijas Pueblo Townhouse with sea views | 10.6 km |
| €80 | "The Bridge" Los Monteros | 12.8 km |
| €120,20 | Charming retreat with sunny terrace | 18.3 km |
| €122,20 | Bonita Casa Cuca | 18.3 km |
| €39,60 | La EcoCasita in Malaga | 19.6 km |
| €154,20 | Casa Del Mirador, Private Pool and Hot Tub, Views | 19.4 km |
| €95,60 | Authentic rural little house with private pool | 19.9 km |
| €57,80 | ***Beautiful Downtown Studio, Garden and Pool*** | 17.5 km |
Return & Value appreciation
Annual return
0.28%
5 Year Return
1.40%
10 Year Return
2.80%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property is new and modern, which typically leads to higher appreciation.
- Local market trends in 2027: The Costa del Sol region is expected to continue its popularity, boosting property values.
- Property type: Apartments in prime locations tend to appreciate well due to demand.
- Economic outlook in 2027: Spain's economy is projected to grow steadily, supporting real estate appreciation.
- Demographic developments: Increasing expatriate and retiree populations in Costa del Sol will sustain demand.
- Infrastructure plans in 2027: Ongoing improvements in transport and amenities will enhance property values.
- Historical WOZ value trends: Past trends indicate steady growth in property values in La Cala de Mijas.
Possible improvements
- Upgrade interior finishes and fixtures.
- Add smart home features.
- Enhance outdoor space with landscaping or furniture.
- Improve storage solutions.
Description
Discover this modern one-bedroom apartment in the highly sought-after Royal Palms development in La Cala de Mijas, Spain. Situated in Phase 2 within the nearly completed Block 'Carolina,' this first-floor residence offers the perfect blend of contemporary design and convenient living. Scheduled for delivery before June 2026, this property presents an ideal opportunity for buyers seeking a short-term investment in La Cala de Mijas without the lengthy wait of future phases.
The apartment features a fully fitted kitchen included in the price, a bright interior with a well-designed layout, and an inviting outdoor terrace to enjoy the Mediterranean climate. High-quality finishes and materials throughout ensure a luxurious living experience. Additionally, the property includes a parking space and storage room in the building’s basement, adding to its practicality.
Royal Palms is renowned for its attractive architecture, landscaped communal areas, and premium amenities, making it suitable as a permanent residence, holiday home, or investment property in La Cala de Mijas. Its prime location provides easy access to beaches, shops, restaurants, and major transport links to Marbella, Fuengirola, and Málaga Airport.
Compared to later phases, such as Phase 4.4 scheduled for completion in summer 2028, this opportunity offers buyers a chance to secure a nearly finished property in a prestigious development with significant appreciation potential. Perfectly positioned in the heart of La Cala de Mijas, this modern apartment combines comfort, convenience, and excellent investment prospects in Spain’s vibrant Costa del Sol.
Location
Nightly rates in the area
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