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Apartment in Nueva Andalucía, 3 bedrooms, 185 m² €1.200.000

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3
Bedrooms
4
Bathrooms
185 m²
Surface area
€6486
Price per m²
Apartment
Property type
Apartment in Nueva Andalucía, 3 bedrooms, 185 m² - Hoofdafbeelding
Apartment in Nueva Andalucía, 3 bedrooms, 185 m² - Afbeelding 1
Apartment in Nueva Andalucía, 3 bedrooms, 185 m² - Afbeelding 2
Apartment in Nueva Andalucía, 3 bedrooms, 185 m² - Afbeelding 3
+31 photos

Analysis

Price
€1.200.000
Own investment (30%)
€360.000
Buyer costs
€120.000
Estimated nightly rate
€268,60
Expected occupancy rate
59%
Gross rental p/m
€0000
Mortgage costs
-€2.240
Maintenance costs
-€154,17
Cleaning costs
-€333,33
Platform fees
-€723,04
Municipal taxes
-€199,50
Tax (19%)
-€222,34
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€268,60
High season
€359
Mid season
€257,75
Low season
€189

Price determining factors

  • Proximity to Puerto Banús and Centro Plaza: High demand areas drive prices.
  • Tourist license availability: Enhances rental income potential, increasing property value.
  • Views and outdoor space: Panoramic sea views and large terrace add premium value.

Comparable accommodations

Rate Hotel / apartment Distance
€195,20 Hacienda el Alamo 22.6 km
€378,33 Casa Calma ǀ Private Pool ǀ Close to Beach + Golf 10.3 km
€185 Entire House with Terrace in Marbella 3.3 km
€382,40 Three bed house with pool 50 metres from the beach 3.1 km
€175 Chic 3BR Townhouse on the Beach + Pool + Parking 8.1 km
€133,60 Casa del Barco | Quiet 3BR Villa & Pool 20.5 km
€140,40 TOWNHOUSE Old Town Marbella Large Rooftop Terr! A 7.1 km
€281,20 Ocean Front Villa w/Private Pool 8.1 km
€294,40 Villa with pool near the beach for families 14.7 km
€182,40 House in Marbella's Old Town, 100m from the Beach☆ 7.6 km

Return & Value appreciation

Annual return

2.37%

5 Year Return

11.85%

10 Year Return

23.70%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained, modern interior, which supports steady appreciation.
  • Local market trends in 2027: Expected continued demand for properties in Costa del Sol, driven by tourism and expatriate influx.
  • Property type: Apartments in popular tourist areas tend to appreciate steadily due to high rental demand.
  • Economic outlook in 2027: Spain's economy is projected to grow moderately, supporting real estate investments.
  • Demographic developments: Increasing number of retirees and expatriates seeking holiday and permanent homes.
  • Infrastructure plans in 2027: Ongoing improvements in transportation and amenities enhance property appeal.
  • Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.

Possible improvements

  • Upgrade kitchen appliances and fixtures for modern appeal.
  • Renovate bathrooms to contemporary standards.
  • Enhance outdoor space with landscaping or additional amenities.
  • Improve energy efficiency with new windows or insulation.

Description

Discover an exceptional investment opportunity in the heart of Nueva Andalucía, Spain, with this turnkey apartment offering a transferable tourist license and a proven rental income. Perfect for short-term or long-term rentals, or as a luxurious permanent residence, this property combines style, comfort, and strategic location. This spacious and elegant 3-bedroom, 3-bathroom en-suite apartment boasts a bright, open-plan design with abundant natural light. Situated on the second floor with partial lift access, it provides generous living spaces, including a fully equipped kitchen, a separate laundry area, and a guest toilet. The expansive L-shaped terrace offers breathtaking panoramic views, including partial glimpses of the Mediterranean Sea, making it ideal for relaxing or entertaining. Located within walking distance to Centro Plaza and Puerto Banús, this property places residents at the epicenter of Nueva Andalucía’s vibrant lifestyle. The communal urbanization features a inviting swimming pool, adding to the appeal of this attractive residence. This Nueva Andalucía property is a prime investment in Spain’s real estate market, offering excellent rental potential and a desirable location that appeals to both holidaymakers and residents seeking the best of Costa del Sol living.

Location

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