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2
Bedrooms
1
Bathrooms
77 m²
Surface area
€
€5130
Price per m²
Apartment
Property type
+21 photos
Analysis
Price
€395.000
Own investment (30%)
€118.500
30% down payment of purchase price
Buyer costs
€39.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€83,74
Expected occupancy rate
68%
Gross rental p/m
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€0000
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Mortgage costs
-€737,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€64,17
{% 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
-€259,80
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€98,56
Municipal taxes for Miraflores
Tax
(19%)
-€53,29
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
€83,74
High season
€89
Mid season
€83,67
Low season
€77
Price determining factors
- Proximity to the beach and amenities: High desirability increases value.
- Views and natural light: Panoramic sea views and southwest orientation add premium value.
- Complex amenities: Pools, gardens, and recreational facilities enhance attractiveness.
- Property condition: Modern finishes and renovation increase market value.
- Local development projects: New infrastructure or commercial developments could raise prices.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €133,60 | El Rincón de San Miguel in the heart of Zaragoza | 2.0 km |
| €120 | Home Gateway - Nice apartment & Free parking | 3.8 km |
| €99 | Historic Gem | Countryside Comfort 15min from city | 5.1 km |
| €84,60 | Relax 20 minutes from Zaragoza | 21.2 km |
Return & Value appreciation
Annual return
1.73%
5 Year Return
8.65%
10 Year Return
17.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained and recently renovated, which enhances value and appeal.
- Local market trends in 2027: Expected growth due to increasing demand for coastal properties in Spain.
- Property type: Apartments in a popular tourist and residential area tend to appreciate steadily.
- Economic outlook in 2027: Positive, with tourism and real estate sectors expected to grow.
- Demographic developments: Increasing interest from expatriates and retirees seeking seaside living.
- 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
- Adding a balcony or terrace to enhance outdoor living space.
- Upgrading kitchen appliances and finishes for a more luxurious feel.
- Implementing smart home technology for modern convenience.
- Improving energy efficiency with better insulation or solar panels.
- Landscaping the garden or outdoor areas to increase curb appeal.
Description
Discover this bright and fully renovated 2-bedroom apartment in Miraflores, Spain, offering breathtaking sea views and modern interior finishes. Located within the prestigious Miraflores Rancho B complex in Mijas Costa, this property is ideal for those seeking a coastal retreat or a lucrative investment in the popular Miraflores area of Spain. The apartment features two spacious bedrooms, a contemporary bathroom, and a southwest-facing orientation that fills the space with abundant natural light and stunning sunsets. From the living room, enjoy panoramic views of the Mediterranean Sea and lush tropical gardens, creating a serene living environment. The Miraflores Rancho B complex is meticulously maintained and surrounded by greenery, boasting two swimming pools — one with a poolside restaurant — perfect for relaxing and socializing. Its prime location offers walking distance to the beach, local amenities, fine dining, and golf courses, making it a sought-after destination for holiday rentals and long-term residence. This property in Miraflores, Spain, presents an excellent opportunity for investors and homebuyers looking for a seaside lifestyle or a profitable rental property in one of the most desirable areas of Spain.
Location
Nightly rates in the area
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