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Apartment in Mijas, 3 bedrooms, 160 m² €480.000

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3
Bedrooms
2
Bathrooms
160 m²
Surface area
€3000
Price per m²
Apartment
Property type
Apartment in Mijas, 3 bedrooms, 160 m² - Hoofdafbeelding
Apartment in Mijas, 3 bedrooms, 160 m² - Afbeelding 1
Apartment in Mijas, 3 bedrooms, 160 m² - Afbeelding 2
Apartment in Mijas, 3 bedrooms, 160 m² - Afbeelding 3
+23 photos

Analysis

Price
€480.000
Own investment (30%)
€144.000
Buyer costs
€48.000
Estimated nightly rate
€161,15
Expected occupancy rate
64%
Gross rental p/m
€0000
Mortgage costs
-€896
Maintenance costs
-€133,33
Cleaning costs
-€333,33
Platform fees
-€470,56
Municipal taxes
-€133,62
Tax (19%)
-€222,34
Cashflow p.m.
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Nightly Rates

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

Price determining factors

  • Location in Mijas Costa with access to beaches, golf courses, and towns like Fuengirola and Marbella.
  • High-quality furnishings and private amenities such as parking and storage.
  • South-facing orientation providing natural light and warmth.

Comparable accommodations

Rate Hotel / apartment Distance
€260,80 Andalusian Villa with views, Pool, Garden & BBQ 4.5 km
€185 Villa La Guirnalda private pool/wifi/barbecue 6.9 km
€164,40 3 Bed Accommodation with Pool 9.5 km
€314 Livita, Space, Above the beach, Cala de mijas 10.2 km
€195,20 Hacienda el Alamo 10.3 km
€166,20 Seaview house: Rooftop pool,gameroom, parking|REMS 11.1 km
€92,80 House Technology Park, luxury for you! 16.8 km
€378,33 Casa Calma ǀ Private Pool ǀ Close to Beach + Golf 21.0 km
€211,20 Luxury attached Villa La Biznaga 21.5 km
€226,80 Bright Classic House Near La Malagueta | REMS 25.4 km

Return & Value appreciation

Annual return

5.92%

5 Year Return

29.60%

10 Year Return

59.20%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained and move-in ready, which supports steady appreciation.
  • Local market trends in 2027: Expected growth in coastal property demand due to tourism and expatriate influx.
  • Property type: Apartments in high-demand areas tend to appreciate steadily.
  • Economic outlook in 2027: Spain's economy is projected to recover and grow, boosting real estate values.
  • Demographic developments: Increasing population of retirees and expatriates in Mijas supports demand.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhance property appeal.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Renovate the kitchen and bathrooms to modern standards.
  • Upgrade air conditioning and fireplace for enhanced comfort.
  • Add smart home features for modern appeal.
  • Improve outdoor spaces or balcony areas.

Description

Discover this spacious 3-bedroom apartment in Mijas Costa, Spain, offering a perfect blend of comfort and convenience. This well-maintained property features a bright living area complete with a cozy fireplace and efficient air conditioning, creating a welcoming environment throughout the year. The fully equipped kitchen provides practicality for everyday living or holiday entertaining. With three generous bedrooms and two bathrooms, this apartment is ideal for families or investors seeking a versatile residence. Its south-facing orientation ensures abundant natural light, enhancing the sense of space and warmth inside. Sold fully furnished and move-in ready, this Mijas Costa apartment presents an excellent opportunity for immediate occupancy or rental income. A standout feature is the inclusion of two private parking spaces and a dedicated storage room—rare amenities in the Mijas area that add significant value and convenience. Located in a highly sought-after area of Mijas Costa, this property provides easy access to local amenities, stunning beaches, golf courses, and renowned towns such as Fuengirola and Marbella. Whether as a holiday home or a long-term investment, this Mijas property combines location, space, and functionality for discerning buyers. Contact us today to schedule a private viewing of this exceptional Mijas Costa apartment and discover the potential of owning a home in one of Spain’s most desirable coastal regions.

Location

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