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2
Bedrooms
2
Bathrooms
136 m²
Surface area
€
€2574
Price per m²
Apartment
Property type
+24 photos
Analysis
Price
€350.000
Own investment (30%)
€105.000
30% down
payment of purchase price
Buyer costs (10%)
€35.000
10% of purchase price
Estimated nightly rate
€111,42
Expected occupancy rate
68%
Gross rental p/m
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€0000
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Mortgage interest rate (%)
Monthly mortgage = interest on the loan + linear repayment per year. Changing the term updates the annual repayment automatically.
Mortgage term (years)
Repayment (per year)
€
Total mortgage costs
-€653,33
Maintenance costs
-€113,33
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
-€345,68
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€89
Municipal taxes for Mijas Golf
Tax
(19%)
-€154,19
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.
* Indicative calculation based on a linear mortgage.
Nightly Rates
Estimated nightly rate
€111,42
High season
€149
Mid season
€108,50
Low season
€87
Price determining factors
- Economic outlook in 2027: Positive economic growth in Spain and Europe supports property appreciation.
- Demographic developments: Increasing expatriate and retiree population in Costa del Sol.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities boost property values.
- Historical WOZ value trends: Consistent increase in property values in the region over the past decade.
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €133,60 | An impressive beach house | 6.8 km |
| €203 | Casa Flores - Panoramic views, pool, tennis, BBQ | 4.3 km |
| €132,40 | Spectacular house on Carvajal Beach | 6.8 km |
| €125,20 | Picturesque Casita Mijas Pueblo | 5.4 km |
| €166,80 | Chariming and creative house 50m from the beach | 13.8 km |
| €134,80 | Cubo's Finca La Graciosa (Cubo's Farm) | 10.8 km |
| €275,20 | Casa Tetuan in old town Marbella, a manicured home | 19.7 km |
| €186,80 | Unique place with roof terrace in Old town | 19.8 km |
| €116 | Charming Sea Front Bungalow | 16.9 km |
| €124,86 | Sunny hillside casita in Guaro | 18.8 km |
Return & Value appreciation
Annual return
5.63%
5 Year Return
28.15%
10 Year Return
56.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with recent upgrades enhances value.
- Local market trends in 2027: Growing demand for luxury properties in Mijas Golf area.
- Property type: Apartments in a sought-after golf community tend to appreciate steadily.
Possible improvements
- Adding a modern outdoor kitchen or BBQ area on the terraces.
- Upgrading the second bathroom to a full en-suite.
- Enhancing interior decor to appeal to luxury buyers or renters.
- Installing smart home technology for convenience and security.
Description
Discover this exquisite ultra-luxury modern apartment located in the prestigious Mijas Golf area of Spain. Perfect for both permanent residence and holiday rentals, this stunning property offers a blend of contemporary design and top-tier finishes. The spacious living and dining area opens onto a charming southwest terrace overlooking lush communal gardens and swimming pools, ideal for relaxing or entertaining. Additionally, a large covered northeast terrace provides breathtaking views of the golf course and mountains, creating a tranquil outdoor retreat.
The apartment features a state-of-the-art fully fitted kitchen, a master bedroom with an en-suite bathroom, and a second double bedroom with a walk-in wardrobe. Formerly a second bathroom, the versatile space still has plumbing in place to restore it easily. Recent upgrades include insulated walls, ceilings, and floors for optimal temperature control and noise reduction, double-glazed windows and sliding doors, new plumbing and wiring, and a stylish wood-burning fireplace.
Included with the property are a private underground parking space and a storage room, totaling 136m² of living space. Situated just 600 meters from local amenities like supermarkets and bus stops, and a short 5-minute drive to Fuengirola’s beaches, shops, and restaurants, this Mijas Golf apartment offers unparalleled convenience.
The community permits short-term rentals, making it an excellent investment opportunity. With community fees of €157 per month and annual IBI taxes of €650, this property combines luxury living with excellent rental potential in the sought-after Mijas Golf region of Spain.
Location
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