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Apartment in Marbella, 3 bedrooms, 165 m² €639.000

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3
Bedrooms
1
Bathrooms
165 m²
Surface area
€3873
Price per m²
Apartment
Property type
Apartment in Marbella, 3 bedrooms, 165 m² - Hoofdafbeelding
Apartment in Marbella, 3 bedrooms, 165 m² - Afbeelding 1
Apartment in Marbella, 3 bedrooms, 165 m² - Afbeelding 2
Apartment in Marbella, 3 bedrooms, 165 m² - Afbeelding 3
+42 photos

Analysis

Price
€639.000
Own investment (30%)
€191.700
Buyer costs
€63.900
Estimated nightly rate
€156,45
Expected occupancy rate
60%
Gross rental p/m
€0000
Mortgage costs
-€1.192,80
Maintenance costs
-€137,50
Cleaning costs
-€333,33
Platform fees
-€428,28
Municipal taxes
-€148,29
Tax (19%)
-€116,85
Cashflow p.m.
Earned back in

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Nightly 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

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