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3
Bedrooms
2
Bathrooms
108 m²
Surface area
€
€4620
Price per m²
Apartment
Property type
+26 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
€161,14
Expected occupancy rate
64%
Gross rental p/m
Log in to see the annual gross rental income
€0000
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Mortgage costs
-€931,47
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€90
{% 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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€470,53
{% 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%)
-€226,67
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
€161,14
High season
€204
Mid season
€156,42
Low season
€124
Price determining factors
- High-quality finishes and modern amenities.
- Prime location close to beaches, shops, and restaurants.
- Access to luxury amenities within the gated development.
- Potential for rental income due to first occupation license and rental regulation compliance.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 7.2 km |
| €185 | Villa La Guirnalda private pool/wifi/barbecue | 17.4 km |
| €164,40 | 3 Bed Accommodation with Pool | 3.5 km |
| €314 | Livita, Space, Above the beach, Cala de mijas | 1.5 km |
| €195,20 | Hacienda el Alamo | 13.6 km |
| €166,20 | Seaview house: Rooftop pool,gameroom, parking|REMS | 18.7 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 15.4 km |
| €217 | Fabulous Villa,private pool, stunning views,Malaga | 21.3 km |
| €210 | Beach House | 1.7 km |
| €84 | Paradise, sun and beach. Charming terrace. | 1.4 km |
Return & Value appreciation
Annual return
5.81%
5 Year Return
29.05%
10 Year Return
58.10%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with modern finishes, likely to attract tenants and buyers.
- Local market trends in 2027: Expected growth due to increasing tourism and demand for holiday rentals.
- Property type: Apartments in high-demand resort area tend to appreciate steadily.
- Economic outlook in 2027: Positive, with growth in Spain's tourism and real estate sectors.
- Demographic developments: Growing expatriate and retiree populations increasing demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhancing property appeal.
- Historical WOZ value trends: Consistent increase reflecting rising property values in La Cala de Mijas.
Possible improvements
- Renovate kitchen and bathrooms for modern appeal.
- Upgrade flooring or fixtures to increase luxury feel.
- Add smart home features for convenience.
- Improve outdoor spaces, such as terrace or garden enhancements.
Description
Discover a superb investment opportunity with this modern luxury 3-bedroom apartment in La Cala de Mijas, Spain. Perfectly positioned in a highly sought-after residential area, this property offers spacious living with a contemporary open-plan kitchen, a large lounge/dining area, and three double bedrooms with fitted wardrobes. The master suite features direct access to a private terrace and garden, complete with mountain views and partial sea vistas, ideal for relaxing or entertaining.
This La Cala de Mijas apartment boasts high-quality finishes, neutral tones, and modern comforts such as air conditioning, private parking, and storage. Situated within a prestigious gated development, residents enjoy access to exceptional amenities including a gym, spa, sauna, paddle tennis courts, multiple swimming pools with waterfalls, and social areas with BBQ facilities. 24-hour security ensures peace of mind.
Located just a 12-15 minute walk from La Cala de Mijas’s beautiful beaches, lively boulevard, shops, and restaurants, this property combines convenience with luxury. La Cala de Mijas, renowned for its unspoiled beaches and vibrant culinary scene featuring celebrity chefs, is a prime location for both lifestyle and investment. Its proximity to Malaga and Marbella makes it ideal for exploring the Costa del Sol.
This property is perfect for personal use or as a buy-to-let investment, especially since it meets all new rental regulations. With a first occupation license, the apartment offers excellent rental potential. Priced for a quick sale due to relocation, this La Cala de Mijas apartment presents an attractive opportunity for investors and homeowners alike.
Location
Nightly rates in the area
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