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1
Bedrooms
1
Bathrooms
60 m²
Surface area
€
€6500
Price per m²
Apartment
Property type
+10 photos
Analysis
Price
€390.000
Own investment (30%)
€117.000
30% down payment of purchase price
Buyer costs
€39.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€80,99
Expected occupancy rate
69%
Gross rental p/m
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€0000
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Mortgage costs
-€728
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€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
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€254,97
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€97,50
Municipal taxes for Mijas
Tax
(19%)
-€52,75
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
€80,99
High season
€109
Mid season
€78,92
Low season
€61
Price determining factors
- Property condition: New construction with modern finishes.
- Local market trends in 2027: Rising property prices in Mijas and surrounding areas.
- Property type: Luxury apartments tend to appreciate faster in desirable locations.
- Economic outlook in 2027: Economic stability supports property value growth.
- Demographic developments: Growing expatriate community and retirees increase demand.
- Infrastructure plans in 2027: Upgrades in roads, public transport, and local facilities.
- Historical WOZ value trends: Increasing property tax assessments reflect rising property values.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €111 | Stunning apartment with ocean views | 8.9 km |
| €287,40 | Casita with fantastic views | 1.7 km |
| €165,60 | Beautiful Mijas Pueblo Townhouse with sea views | 0.5 km |
| €80 | "The Bridge" Los Monteros | 19.5 km |
| €39,60 | La EcoCasita in Malaga | 13.2 km |
| €154,20 | Casa Del Mirador, Private Pool and Hot Tub, Views | 12.4 km |
| €95,60 | Authentic rural little house with private pool | 13.5 km |
| €57,80 | ***Beautiful Downtown Studio, Garden and Pool*** | 9.9 km |
| €157,60 | Beautiful Wooden Cabin with exclusive use of pool | 17.8 km |
| €140 | Modern & Sea views: Apartment La Roca | 12.7 km |
Return & Value appreciation
Annual return
2.31%
5 Year Return
11.55%
10 Year Return
23.10%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: New development ensures modern standards and minimal maintenance costs.
- Local market trends in 2027: Expected growth in luxury and coastal property demand on Costa del Sol.
- Property type: Apartments in a high-demand, scenic location attract premium prices.
- Economic outlook in 2027: Continued economic stability and growth in Spain and the EU support property appreciation.
- Demographic developments: Increasing interest from expatriates and retirees boosts demand.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities enhance accessibility and attractiveness.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Adding high-end appliances and smart home technology.
- Upgrading interior finishes to premium materials.
- Enhancing outdoor spaces with landscaping or private terraces.
- Implementing energy-efficient systems to reduce utility costs.
- Improving security features and smart home integrations.
Description
Discover exceptional luxury living in this new development in Mijas, Spain, with prices ranging from €400,000 to €1,720,000. Featuring spacious one to four-bedroom apartments and elegant four-bathroom layouts, these properties offer built sizes from 60m² to 191m². Set amidst the vibrant Mijas Costa and overlooking the prestigious Cerrado del Águila Golf Club, this exclusive residential project combines the tranquility of coastal life with convenient access to Málaga, Marbella, and Fuengirola. Designed for comfort and style, each of the six boutique buildings comprises 71 premium apartments that maximize natural light and breathtaking views. Residents will enjoy expansive terraces, lush landscaped gardens, and floor-to-ceiling windows that seamlessly blend indoor comfort with outdoor beauty. Top-tier resort-style amenities further enhance the living experience, making this Mijas property ideal for those seeking a serene retreat with investment potential in Spain’s sought-after Costa del Sol region. Construction is scheduled to commence in Q4 2025, with completion expected by Q4 2027. Experience the best of Mijas, Spain, with this premier residential development offering a perfect blend of elegance, convenience, and coastal charm.
Location
Nightly rates in the area
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