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Apartment in La Cala de Mijas, 2 bedrooms, 75 m² €499.000

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2
Bedrooms
2
Bathrooms
75 m²
Surface area
€
€6653
Price per m²
Apartment
Property type
Apartment in La Cala de Mijas, 2 bedrooms, 75 m² - Hoofdafbeelding
Apartment in La Cala de Mijas, 2 bedrooms, 75 m² - Afbeelding 1
Apartment in La Cala de Mijas, 2 bedrooms, 75 m² - Afbeelding 2
Apartment in La Cala de Mijas, 2 bedrooms, 75 m² - Afbeelding 3
+18 photos

Analysis

Price
€499.000
Own investment (30%)
€149.700
Buyer costs
€49.900
Estimated nightly rate
€112,44
Expected occupancy rate
68%
Gross rental p/m
€0000
Mortgage costs
-€931,47
Maintenance costs
-€62,50
Cleaning costs
-€291,67
Platform fees
-€348,84
Municipal taxes
-€118,54
Tax (19%)
-€108,80
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€112,44
High season
€150
Mid season
€109,42
Low season
€89

Price determining factors

  • Proximity to beaches, golf courses, and local amenities.
  • Luxury features and modern design.
  • Private terrace and communal amenities.
  • High demand for holiday rentals and vacation homes.

Comparable accommodations

Rate Hotel / apartment Distance
€133,60 An impressive beach house 1.1 km
€203 Casa Flores - Panoramic views, pool, tennis, BBQ 10.0 km
€132,40 Spectacular house on Carvajal Beach 10.3 km
€125,20 Picturesque Casita Mijas Pueblo 10.9 km
€166,80 Chariming and creative house 50m from the beach 11.3 km
€134,80 Cubo's Finca La Graciosa (Cubo's Farm) 16.5 km
€275,20 Casa Tetuan in old town Marbella, a manicured home 18.1 km
€186,80 Unique place with roof terrace in Old town 18.3 km
€116 Charming Sea Front Bungalow 20.6 km
€124,86 Sunny hillside casita in Guaro 22.0 km

Return & Value appreciation

Annual return

3.72%

5 Year Return

18.60%

10 Year Return

37.20%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with modern amenities enhances value.
  • Local market trends in 2027: Growing demand for coastal properties on the Costa del Sol.
  • Property type: Luxury penthouse with extensive private terrace appeals to high-end buyers.
  • Economic outlook in 2027: Positive economic growth in Spain and increased tourism boost property values.
  • Demographic developments: Increasing expatriate and retiree population seeking seaside homes.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities support property appreciation.
  • Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.

Possible improvements

  • Upgrade furniture and appliances for modern appeal.
  • Enhance outdoor space with additional landscaping or outdoor furniture.
  • Implement energy-efficient upgrades to reduce utility costs.
  • Add smart home features for increased convenience.

Description

Discover this stunning penthouse in La Cala de Mijas, Spain, offering the perfect blend of coastal luxury and comfort. This 2-bedroom, 2-bathroom penthouse provides 75m² of well-maintained living space complemented by a spacious 140m² private terrace, ideal for soaking up the Mediterranean sun and enjoying breathtaking sea views. Located in the vibrant village of La Cala de Mijas, this property is close to golf courses, shops, beaches, and schools, making it an excellent choice for both permanent residence and holiday rental investment. Designed with natural light and modern comforts in mind, the south-facing penthouse features features such as fitted wardrobes, marble flooring, double glazing, and fiber optic internet. The fully fitted kitchen with contemporary appliances, along with stylish furniture, creates a move-in-ready home. Enjoy year-round climate control with hot & cold air conditioning and central heating. Residents benefit from communal amenities including landscaped gardens, a swimming pool, children's pool, and secure gated access with an alarm system. Additional conveniences include private underground parking, a storage room, satellite TV, WiFi, and electricity included. This La Cala de Mijas property’s prime location on the Costa del Sol makes it highly desirable for investors seeking vacation rentals or buyers looking for a luxurious seaside retreat. Embrace the relaxed Mediterranean lifestyle in this exceptional penthouse in La Cala de Mijas, Spain.

Location

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