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Apartment in Nueva Andalucía, 2 bedrooms, 107 m² €498.000

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2
Bedrooms
2
Bathrooms
107 m²
Surface area
€4654
Price per m²
Apartment
Property type
Apartment in Nueva Andalucía, 2 bedrooms, 107 m² - Hoofdafbeelding
Apartment in Nueva Andalucía, 2 bedrooms, 107 m² - Afbeelding 1
Apartment in Nueva Andalucía, 2 bedrooms, 107 m² - Afbeelding 2
Apartment in Nueva Andalucía, 2 bedrooms, 107 m² - Afbeelding 3
+18 photos

Analysis

Price
€498.000
Own investment (30%)
€149.400
Buyer costs
€49.800
Estimated nightly rate
€154,54
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€929,60
Maintenance costs
-€89,17
Cleaning costs
-€291,67
Platform fees
-€458,31
Municipal taxes
-€118,32
Tax (19%)
-€221,98
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€154,54
High season
€212
Mid season
€148,75
Low season
€108

Price determining factors

  • Proximity to amenities and scenic views increase desirability.
  • Limited supply of similar properties in Nueva Andalucía.
  • High demand for holiday and retirement homes in Costa del Sol.

Comparable accommodations

Rate Hotel / apartment Distance
€166,80 Chariming and creative house 50m from the beach 14.3 km
€275,20 Casa Tetuan in old town Marbella, a manicured home 7.4 km
€186,80 Unique place with roof terrace in Old town 7.3 km
€124,86 Sunny hillside casita in Guaro 20.0 km
€118 Villacana Villa-holiday by the beach 9.7 km
€139,40 Townhouse – 3 floors Close to the beach! 7.4 km
€125,60 Modern Townhouse, roof terrace in Estepona OldTown 18.0 km
€139 Casa Relajante - big summer garden 19.8 km
€286,80 Beachfront BohoChic II Pool+DirectBeach+Parking 21.7 km
€131,40 House 5 minutes from the beach, Puerto Banús and 5 golf courses 1.0 km

Return & Value appreciation

Annual return

5.70%

5 Year Return

28.50%

10 Year Return

57.00%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained interiors and amenities support steady appreciation.
  • Local market trends in 2027: Growing demand for properties in Costa del Sol, driven by tourism and expatriates.
  • Property type: Apartments in desirable locations tend to appreciate more due to high demand.
  • Economic outlook in 2027: Positive economic growth in Spain and the Eurozone supports real estate investment.
  • Demographic developments: Increasing expatriate and retiree populations boost demand.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities enhance property value.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Renovating the kitchen and bathrooms to modern standards.
  • Adding smart home features for increased convenience.
  • Improving outdoor spaces or adding a small garden or balcony enhancements.
  • Upgrading fixtures and finishes to premium materials.

Description

Discover this charming, sun-filled apartment in the desirable neighborhood of Nueva Andalucía, Spain. Perfectly positioned within walking distance to an array of local restaurants, boutique shops, and essential amenities, this property offers an ideal lifestyle in the heart of one of Spain's most sought-after locations. The spacious apartment features two generous bedrooms and two modern bathrooms, providing comfort and privacy. The fully equipped kitchen is ideal for preparing delicious meals, while the bright, open-plan living room seamlessly connects to a private terrace. From this outdoor space, residents can enjoy breathtaking views of the iconic La Concha mountain, making it perfect for relaxing evenings or sunbathing during the day. Located within a well-maintained urbanization, the property boasts access to two communal swimming pools—one large and one smaller—perfect for cooling off and socializing during warm summer days. Additionally, a dedicated garage space is included, offering convenience and security. Whether you're seeking a permanent residence or a holiday retreat, this Nueva Andalucía apartment in Spain combines comfort, stunning scenery, and prime location, making it an excellent investment opportunity in the vibrant Costa del Sol region.

Location

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