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Apartment in La Cala de Mijas, 3 bedrooms, 119 m² €975.000

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3
Bedrooms
2
Bathrooms
119 m²
Surface area
€8193
Price per m²
Apartment
Property type
Apartment in La Cala de Mijas, 3 bedrooms, 119 m² - Hoofdafbeelding
Apartment in La Cala de Mijas, 3 bedrooms, 119 m² - Afbeelding 1
Apartment in La Cala de Mijas, 3 bedrooms, 119 m² - Afbeelding 2
Apartment in La Cala de Mijas, 3 bedrooms, 119 m² - Afbeelding 3
+17 photos

Analysis

Price
€975.000
Own investment (30%)
€292.500
Buyer costs
€97.500
Estimated nightly rate
€161,15
Expected occupancy rate
64%
Gross rental p/m
€0000
Mortgage costs
-€1.820
Maintenance costs
-€99,17
Cleaning costs
-€333,33
Platform fees
-€470,56
Municipal taxes
-€185,16
Tax (19%)
-€43,48
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€161,15
High season
€204
Mid season
€156,42
Low season
€124

Price determining factors

  • Proximity to beaches and scenic promenade
  • High demand for holiday rentals and second homes
  • Prestigious community within Arruzafa

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

0.57%

5 Year Return

2.85%

10 Year Return

5.70%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with modern interiors, which supports value retention and appreciation.
  • Local market trends in 2027: Expected continued demand for coastal properties in Spain, especially in popular areas like La Cala de Mijas.
  • Property type: Ground floor apartment with direct beach access, highly desirable for both rentals and personal use.
  • Economic outlook in 2027: Spain's economy is projected to grow steadily, supporting real estate investment.
  • Demographic developments: Increasing interest from international buyers and retirees seeking coastal living.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in La Cala de Mijas, enhancing accessibility and attractiveness.
  • Historical WOZ value trends: Consistent increase in property values and taxes in the region, indicating appreciation potential.

Possible improvements

  • Renovate interiors to modern standards to increase appeal
  • Upgrade outdoor spaces or balconies for better views and comfort
  • Enhance energy efficiency with solar panels or insulation
  • Add smart home features for convenience and security

Description

Discover this stunning beachfront ground floor apartment in La Cala de Mijas, Spain, offering unparalleled access to the Mediterranean coast. Located within the prestigious Arruzafa community, this property provides direct access to the sandy beaches and scenic promenade, perfect for morning strolls and sunset dinners with panoramic sea views. Its prime southwest orientation ensures abundant sunshine and breathtaking ocean vistas, embodying the essence of coastal living in La Cala de Mijas. Ideal as a lock-up-and-leave holiday retreat, a stylish permanent home, or a high-demand rental investment, this apartment places you within walking distance of charming cafés, acclaimed restaurants, boutique shops, and world-class golf courses. The vibrant village atmosphere of La Cala de Mijas, Spain, makes it a highly desirable location for buyers seeking a relaxed yet luxurious coastal lifestyle. Please note: Currently operating as a holiday rental, viewings require prior arrangement around existing bookings. Don’t miss this rare opportunity to own a prime beachfront property in La Cala de Mijas, one of Spain’s most sought-after coastal destinations.

Location

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