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3
Bedrooms
3
Bathrooms
157 m²
Surface area
€
€5408
Price per m²
Apartment
Property type
+28 photos
Analysis
Price
€849.000
Own investment (30%)
€254.700
30% down payment of purchase price
Buyer costs
€84.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€170,42
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€1.584,80
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€130,83
{% 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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€505,40
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€162,84
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€123,91
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
€170,42
High season
€217
Mid season
€165,42
Low season
€131
Price determining factors
- Proximity to beaches, golf courses, and amenities: Enhances desirability and value.
- Views of sea and golf course: Premium feature that boosts property worth.
- Community security and exclusivity: Adds to the appeal for high-end buyers.
- Interior design and furnishings: Modern, high-quality finishes support higher pricing.
- Potential for rental income: High demand for luxury rentals can increase property value.
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
1.87%
5 Year Return
9.35%
10 Year Return
18.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with modern interiors and amenities, likely to attract higher ROI.
- Local market trends in 2027: Expected continued demand for luxury properties in Costa del Sol, boosting ROI.
- Property type: Luxury apartment in a sought-after location, generally appreciating well.
- Economic outlook in 2027: Positive economic growth in Spain and Europe, supporting property appreciation.
- Demographic developments: Increasing expatriate and retiree populations seeking luxury living, enhancing demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities, increasing property attractiveness.
- Historical WOZ value trends: Consistent increase in property values and local taxes, indicating rising property worth.
Possible improvements
- Renovate or upgrade kitchen and bathrooms for modern appeal.
- Add smart home technology for convenience and security.
- Improve outdoor terrace with stylish furniture and lighting.
- Upgrade flooring or fixtures to premium materials.
- Enhance energy efficiency with solar panels or better insulation.
Description
Experience luxurious living in this exquisite apartment in La Cala de Mijas, Spain, one of the most sought-after locations on the Costa del Sol. Nestled within the secure, gated community of One Residences, this stunning property offers panoramic golf and sea views that create a truly breathtaking backdrop. Featuring three spacious double bedrooms, each with en-suite bathrooms, plus an additional guest bathroom, this apartment provides ample space for comfort and relaxation. Upon entering, you’re greeted with spectacular sea and golf course vistas visible from the hallway, lounge, and open-plan kitchen, seamlessly flowing onto a large, partially covered terrace perfect for entertaining.
Location
Nightly rates in the area
Questions? Chat with us!