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3
Bedrooms
2
Bathrooms
105 m²
Surface area
€
€5476
Price per m²
Apartment
Property type
+12 photos
Analysis
Price
€575.000
Own investment (30%)
€172.500
30% down payment of purchase price
Buyer costs
€57.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€108,59
Expected occupancy rate
67%
Gross rental p/m
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€0000
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Mortgage costs
-€1.073,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€87,50
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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€331,95
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€138,94
Municipal taxes for Miraflores
Tax
(19%)
-€47,10
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.
Nightly Rates
Estimated nightly rate
€108,59
High season
€131
Mid season
€108,67
Low season
€100
Price determining factors
- Proximity to beaches, golf courses, and urban amenities.
- High-quality interior finishes and furnishings.
- South-facing orientation providing natural sunlight and sea views.
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €91,40 | Apartment near the Pilar | 3.0 km |
| €143,80 | Duplex penthouse a few minutes from the center | 3.5 km |
| €177 | Casa Carlos | 5.4 km |
| €411 | Villa Apuntaté | 5.8 km |
| €142,80 | Residencial Neo Txelmisa | 15.2 km |
| €171,20 | Family-friendly villa | 15.8 km |
| €114,20 | Ideal for disconnecting | 16.4 km |
| €554,40 | Chalet 3 bedrooms • Private pool • 1000 m² garden | 17.7 km |
| €154,20 | Casa Vega | 18.5 km |
Return & Value appreciation
Annual return
1.05%
5 Year Return
5.25%
10 Year Return
10.50%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with modern fixtures and fittings, enhancing appeal and value.
- Local market trends in 2027: Expected growth driven by tourism and expatriate demand in Costa del Sol.
- Property type: Apartments in desirable coastal locations tend to appreciate steadily due to high demand.
- Economic outlook in 2027: Positive economic growth in Spain and Europe, supporting real estate appreciation.
- Demographic developments: Increasing expatriate population and retirees seeking coastal properties.
- Infrastructure plans in 2027: Ongoing improvements in transport, healthcare, and amenities in Miraflores and Costa del Sol.
- Historical WOZ value trends: Consistent increase in property values and local taxes, indicating rising demand.
Possible improvements
- Renovate bathrooms and kitchen for modern appeal.
- Upgrade air conditioning and heating systems.
- Enhance outdoor space with landscaping or additional features.
- Install smart home technology for added convenience.
Description
Discover this stunning middle-floor apartment in Miraflores, Spain, offering an exceptional coastal living experience on the Costa del Sol. Perfect for both investors and those seeking a luxurious residence, this spacious 3-bedroom, 2-bathroom apartment boasts 105 m² of well-designed interior space complemented by a generous 30 m² terrace with panoramic sea and garden views. Located in a highly desirable urbanisation close to golf courses and the Mediterranean Sea, this property combines convenience with elegance. The south-facing orientation ensures abundant natural sunlight throughout the day, enhancing the bright and airy atmosphere. In excellent condition, the apartment features marble flooring, fitted wardrobes, a fully equipped kitchen, and air conditioning for maximum comfort. The property also includes secure underground parking, a gated complex with communal gardens, a swimming pool, and lift access. Its prime location near transport links makes it ideal for easy commuting and exploring the vibrant Miraflores area. Whether you are looking for a holiday home, a permanent residence, or a lucrative investment, this fully furnished Miraflores apartment on the Costa del Sol offers exceptional value. Don’t miss the opportunity to own a piece of Spain’s beautiful coastline with spectacular sea views, making it an ideal choice for those seeking property in Miraflores, Spain.
Location
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