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3
Bedrooms
2
Bathrooms
151 m²
Surface area
€
€3477
Price per m²
Apartment
Property type
+28 photos
Analysis
Price
€525.000
Own investment (30%)
€157.500
30% down payment of purchase price
Buyer costs
€52.500
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
-€980
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€125,83
{% 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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€331,95
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€124,06
Municipal taxes for Miraflores
Tax
(19%)
-€60,38
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
€108,59
High season
€131
Mid season
€108,67
Low season
€100
Price determining factors
- High-quality finishes and spacious layout.
- Prime location close to amenities, beaches, and transport.
- Luxury features such as marble flooring, terraces, and parking.
- Potential for rental income due to tourist and expatriate demand.
Comparable accommodations
| 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
1.47%
5 Year Return
7.35%
10 Year Return
14.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with high-quality finishes enhances value.
- Local market trends in 2027: Expected growth due to increasing demand for luxury properties in Miraflores.
- Property type: Luxury apartment in a desirable location tends to appreciate well.
- Economic outlook in 2027: Positive economic growth in Spain supports property appreciation.
- Demographic developments: Growing affluent population and expatriates increase demand.
- Infrastructure plans in 2027: Planned improvements in local amenities and transportation boost property values.
- Historical WOZ value trends: Consistent increase indicates a stable appreciation trend.
Possible improvements
- Adding smart home technology for modern appeal.
- Upgrading kitchen appliances and fixtures.
- Enhancing outdoor spaces with landscaping or additional features.
- Improving energy efficiency with solar panels or insulation.
Description
Discover this exceptional luxury apartment in Miraflores, Spain, offering breathtaking views and spacious living in a highly sought-after community. This elegant residence boasts larger-than-average dimensions, finished to the highest standards with premium features such as cream marble flooring, luxurious marble bathrooms, UPVC double glazing, and centralized hot and cold air conditioning. Fitted wardrobes, sun blinds, and a cozy wood-burning stove enhance comfort and style. The property features three sizable terraces that capture stunning vistas, perfect for outdoor dining, relaxing, or entertaining guests. Included with the apartment are underground parking for two vehicles and a storage room, providing convenience and security. Owned by the current owners from new, the apartment is impeccably maintained and presented in immaculate condition. Ideally located within walking distance to local amenities including supermarkets, bars, restaurants, and bus services, with La Cala just a five-minute drive and the beach only ten minutes away. This spacious, light-filled Miraflores apartment is perfect as a luxury second home or permanent residence, offering generous outdoor spaces and modern comforts in a prime Spain location.
Location
Nightly rates in the area
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