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Apartment in Nueva Andalucía, 2 bedrooms, 116 m² €685.000

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2
Bedrooms
2
Bathrooms
116 m²
Surface area
€5905
Price per m²
Apartment
Property type
Apartment in Nueva Andalucía, 2 bedrooms, 116 m² - Hoofdafbeelding
Apartment in Nueva Andalucía, 2 bedrooms, 116 m² - Afbeelding 1
Apartment in Nueva Andalucía, 2 bedrooms, 116 m² - Afbeelding 2
Apartment in Nueva Andalucía, 2 bedrooms, 116 m² - Afbeelding 3
+23 photos

Analysis

Price
€685.000
Own investment (30%)
€205.500
Buyer costs
€68.500
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€1.278,67
Maintenance costs
-€96,67
Cleaning costs
-€291,67
Platform fees
-€458,25
Municipal taxes
-€158,06
Tax (19%)
-€146,62
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€154,52
High season
€212
Mid season
€148,75
Low season
€108

Price determining factors

  • Proximity to golf courses, sea views, and luxury amenities increase desirability.
  • High demand for properties in Nueva Andalucía and Costa del Sol.
  • Limited supply of similar high-end apartments in the area.
  • Potential for property customization and expansion.

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

2.74%

5 Year Return

13.70%

10 Year Return

27.40%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with modern amenities, which supports steady appreciation.
  • Local market trends in 2027: Expected to remain strong due to high demand for luxury properties in Costa del Sol.
  • Property type: Luxury apartment in a sought-after development, likely to appreciate well.
  • Economic outlook in 2027: Positive economic growth in Spain and Europe, boosting property values.
  • Demographic developments: Increasing number of affluent retirees and expatriates settling in Costa del Sol.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities, enhancing property appeal.
  • Historical WOZ value trends: Consistent increase over recent years, indicating rising property values.

Possible improvements

  • Convert the property into a three-bedroom layout.
  • Upgrade kitchen and bathroom fixtures for modern appeal.
  • Enhance outdoor living spaces with additional landscaping or furniture.
  • Implement energy-efficient upgrades to reduce utility costs.

Description

Discover this exceptional two-bedroom corner apartment for sale in the prestigious Magna Marbella development, situated in the heart of Nueva Andalucía, Spain. This spacious residence offers breathtaking panoramic views of the sea, mountains, and golf courses from its expansive west-facing terrace, making it a perfect retreat for lovers of scenic beauty. The apartment features an inviting entrance hall, a fully equipped modern kitchen, and a generous lounge and dining area that seamlessly connect to the covered and open terrace, ideal for outdoor entertaining. The master suite provides direct access to the terrace, enhancing the indoor-outdoor living experience, while a comfortable guest bedroom and family bathroom complete the layout. Notably, the property has the potential to be converted into a three-bedroom home, offering flexibility for customization. A standout feature is the large double terrace, perfect for enjoying Andalucian sunsets. Located within a secure, gated community in Nueva Andalucía, the development includes 24-hour security, two communal swimming pools, and an underground parking space with additional storage. This prime property in Nueva Andalucía, Spain, is an excellent opportunity for investors or those seeking a luxurious golf and sea-view residence. Experience the best of Costa del Sol living with this unique apartment designed to meet modern lifestyle needs.

Location

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