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3
Bedrooms
2
Bathrooms
116 m²
Surface area
€
€4957
Price per m²
Apartment
Property type
+39 photos
Analysis
Price
€575.000
Own investment (30%)
€172.500
30% down payment of purchase price
Buyer costs
€57.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€161,15
Expected occupancy rate
64%
Gross rental p/m
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€0000
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Mortgage costs
-€1.073,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€96,67
{% 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
-€470,56
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€134,69
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€195,41
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
€161,15
High season
€204
Mid season
€156,42
Low season
€124
Price determining factors
- Proximity to beaches, restaurants, and shops: Enhances desirability.
- Luxury amenities: Spa, gym, pools, and outdoor spaces add value.
- Property size and private terrace: Larger units with outdoor space are more attractive.
- Accessibility: Good connections to Málaga Airport and nearby cities.
- Market competition: Presence of similar high-end properties in the area.
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
4.35%
5 Year Return
21.75%
10 Year Return
43.50%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained modern apartment built in 2020, likely to retain value and appeal.
- Local market trends in 2027: Growing demand for luxury properties on the Costa del Sol, especially in sought-after locations like La Cala de Mijas.
- Property type: High-demand apartment with resort-style amenities, appealing to both residents and investors.
- Economic outlook in 2027: Expected steady economic growth in Spain and the Eurozone, supporting property appreciation.
- Demographic developments: Increasing interest from international buyers and retirees, boosting demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities, enhancing property value.
- Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.
Possible improvements
- Renovate or upgrade the kitchen and bathrooms for modern appeal.
- Add smart home features for convenience and security.
- Improve energy efficiency with new windows or insulation.
- Enhance outdoor living space with additional landscaping or furniture.
- Update interior decor to current design trends.
Description
Discover your perfect home or investment opportunity in La Cala de Mijas, Spain, with this stunning modern apartment located within the prestigious Casa Banderas complex. Built in 2020, this spacious 3-bedroom, 2-bathroom property stands out as one of the largest units in the urbanization, offering exceptional comfort and style. The highlight is a private 56m² decked terrace with unobstructed views, ideal for relaxing mornings or tranquil evenings. Inside, an open-plan design features a fully equipped kitchen, a bright living room, and a dining area, all seamlessly connected to the terrace via elegant sliding doors. The three generous bedrooms and contemporary bathrooms with spacious showers and underfloor heating ensure maximum convenience. Casa Banderas in La Cala de Mijas provides a resort-style lifestyle with amenities including a spa, fully equipped gym, heated indoor pool, outdoor pools, coworking spaces, landscaped gardens, a BBQ area, padel courts, children’s playground, sauna, and wellness facilities. The property benefits from private parking and a large storage room, adding practicality to luxury living. Located just walking distance from La Cala de Mijas’s sandy beaches, vibrant restaurants, and boutique shops, it offers the perfect blend of tranquility and accessibility. Excellent connections to Málaga Airport (30km), Fuengirola (10km), and Marbella (19km) make this property ideal for both full-time living and rental investment. With strong rental potential in La Cala de Mijas, Spain, this apartment is a compelling opportunity for those seeking a luxurious lifestyle or a secure investment in one of the most sought-after locations on the Costa del Sol.
Location
Nightly rates in the area
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