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3
Bedrooms
1
Bathrooms
165 m²
Surface area
€
€3873
Price per m²
Apartment
Property type
+42 photos
Analysis
Price
€639.000
Own investment (30%)
€191.700
30% down payment of purchase price
Buyer costs
€63.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€156,45
Expected occupancy rate
60%
Gross rental p/m
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€0000
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Mortgage costs
-€1.192,80
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€137,50
{% 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
-€428,28
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€148,29
Municipal taxes for Marbella
Tax
(19%)
-€116,85
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
€156,45
High season
€206
Mid season
€149,42
Low season
€113
Price determining factors
- Location in Marbella's Old Town, proximity to beaches and amenities.
- Authentic Andalusian architecture with renovation potential.
- Exclusive building with only three residences, adding rarity.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €314 | Livita, Space, Above the beach, Cala de mijas | 19.8 km |
| €195,20 | Hacienda el Alamo | 16.6 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 3.2 km |
| €210 | Beach House | 20.0 km |
| €84 | Paradise, sun and beach. Charming terrace. | 19.7 km |
| €185 | Entire House with Terrace in Marbella | 3.9 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 8.5 km |
| €175 | Chic 3BR Townhouse on the Beach + Pool + Parking | 14.6 km |
| €133,60 | Casa del Barco | Quiet 3BR Villa & Pool | 17.1 km |
| €236,60 | Casa Bryn Gwyn Beautiful Holiday Villa | 19.7 km |
Return & Value appreciation
Annual return
2.34%
5 Year Return
11.70%
10 Year Return
23.40%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Renovation potential can significantly increase value.
- Local market trends in 2027: Growing demand for historic and centrally located properties.
- Property type: Unique historic apartment in a sought-after area.
- Economic outlook in 2027: Stable to positive, supporting real estate growth.
- Demographic developments: Increasing interest from young professionals and retirees.
- Infrastructure plans in 2027: Improvements in transportation and amenities could boost property values.
- Historical WOZ value trends: Consistent appreciation in property taxes indicating rising property values.
Possible improvements
- Renovating the interior to modern standards while preserving character.
- Adding a balcony or terrace to enhance outdoor space.
- Upgrading kitchen and bathroom for increased appeal.
- Improving energy efficiency with new windows and insulation.
Description
Discover a charming apartment in the heart of Marbella's Old Town, Spain, offering an exceptional opportunity for buyers and investors seeking a property in one of the most coveted locations on the Costa del Sol. This spacious 165 m2 residence combines traditional Andalusian architecture with renovation potential, making it an ideal canvas for creating a modern, personalized home while preserving its authentic character. Situated on the first floor with a west-facing orientation, the property features three generous bedrooms, a full bathroom, a large independent kitchen, and a bright, airy living room perfect for relaxing or entertaining. The building, with only three residences—one per floor—exudes exclusivity, complemented by classic Andalusian balconies adorned with flowers and a private interior patio that enhances its picturesque appeal. Located just 300 meters from Marbella’s pristine beaches, this property offers unbeatable convenience with supermarkets, schools, and restaurants within walking distance, positioning it as an excellent investment in Marbella real estate, Spain. While requiring renovation, conceptual renders are available to help visualize its full potential. Whether you’re looking for a charming family home or an investment property in Marbella, this residence provides the perfect blend of location, character, and opportunity in a vibrant, historic area. Expenses include taxes (ITP or VAT + AJD), notarial, and registration fees. Don’t miss this unique chance to own a piece of Marbella’s enchanting real estate in Spain.
Location
Nightly rates in the area
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