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Apartment in Nueva Andalucía, 2 bedrooms, 118 m² €595.000

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2
Bedrooms
2
Bathrooms
118 m²
Surface area
€5042
Price per m²
Apartment
Property type
Apartment in Nueva Andalucía, 2 bedrooms, 118 m² - Hoofdafbeelding
Apartment in Nueva Andalucía, 2 bedrooms, 118 m² - Afbeelding 1
Apartment in Nueva Andalucía, 2 bedrooms, 118 m² - Afbeelding 2
Apartment in Nueva Andalucía, 2 bedrooms, 118 m² - Afbeelding 3
+52 photos

Analysis

Price
€595.000
Own investment (30%)
€178.500
Buyer costs
€59.500
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€1.110,67
Maintenance costs
-€98,33
Cleaning costs
-€291,67
Platform fees
-€458,25
Municipal taxes
-€138,94
Tax (19%)
-€181,85
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, beaches, and town center.
  • Availability of tourist license for short-term rentals.
  • Community amenities like pools, gardens, and parking.
  • Condition of the apartment, including modern kitchen and outdoor terrace.

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

3.91%

5 Year Return

19.55%

10 Year Return

39.10%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained modern apartment enhances value.
  • Local market trends in 2027: Growing tourism and real estate demand in Nueva Andalucía.
  • Property type: Ground-floor apartment with outdoor space is desirable.
  • Economic outlook in 2027: Stable with potential growth driven by tourism and foreign investment.
  • Demographic developments: Increasing expatriate and retiree populations.
  • Infrastructure plans in 2027: Improvements in transportation and amenities could boost value.
  • Historical WOZ value trends: Consistent appreciation indicates positive market trajectory.

Possible improvements

  • Renovate kitchen and bathrooms for a more modern look.
  • Upgrade outdoor terrace furniture and decor.
  • Enhance energy efficiency with new windows or insulation.
  • Add smart home features for convenience and appeal.

Description

Discover this charming ground-floor apartment in the sought-after Nueva Andalucía, Spain, perfectly suited for those seeking a Mediterranean lifestyle with excellent rental potential. Set within a lush community featuring tropical gardens, a tranquil lake, and two inviting swimming pools, this southeast-facing property offers seamless indoor-outdoor living. The bright living room opens onto a spacious 57 m² partly covered terrace, ideal for relaxation and entertaining while enjoying pool views. The modern, fully equipped kitchen includes a separate utility room, providing convenience for everyday living. With two bedrooms, including a luxurious en-suite bathroom, the apartment comfortably accommodates residents and guests alike. Practical amenities such as underground parking and a storage room add to the property's appeal. Located close to golf courses, pristine beaches, shops, and the vibrant town center, this Nueva Andalucía property combines lifestyle convenience with investment opportunity. Already equipped with a tourist licence, the apartment is ready for short-term rentals, making it an attractive option for investors looking to capitalize on Spain’s thriving holiday rental market. Whether for personal residence or investment, this property in Nueva Andalucía, Spain, offers exceptional value, combining prime location, desirable features, and excellent rental income potential.

Location

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