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Apartment in Nueva Andalucía, 4 bedrooms, 166 m² €650.000

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4
Bedrooms
2
Bathrooms
166 m²
Surface area
€3916
Price per m²
Apartment
Property type
Apartment in Nueva Andalucía, 4 bedrooms, 166 m² - Hoofdafbeelding
Apartment in Nueva Andalucía, 4 bedrooms, 166 m² - Afbeelding 1
Apartment in Nueva Andalucía, 4 bedrooms, 166 m² - Afbeelding 2
Apartment in Nueva Andalucía, 4 bedrooms, 166 m² - Afbeelding 3
+31 photos

Analysis

Price
€650.000
Own investment (30%)
€195.000
Buyer costs
€65.000
Estimated nightly rate
€345,88
Expected occupancy rate
59%
Gross rental p/m
€0000
Mortgage costs
-€1.213,33
Maintenance costs
-€138,33
Cleaning costs
-€375
Platform fees
-€931,06
Municipal taxes
-€150,62
Tax (19%)
-€645,76
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€345,88
High season
€540
Mid season
€327,25
Low season
€170

Price determining factors

  • Proximity to beaches and Puerto Banús: High desirability boosts prices.
  • Amenities within urbanization: Pool, green areas, and security add value.
  • Property size and layout: Spacious apartments with good layouts are more attractive.
  • Local development projects: New commercial or leisure developments can increase property appeal.

Comparable accommodations

Rate Hotel / apartment Distance
€319 4 bed Villa in Nueva Andalucia - Heated Pool 1.4 km
€707,60 Luxury villa on beach. Puerto Banus walk 15 min 2.9 km
€567,60 Villa Tortuga Benamara 7.4 km
€598,80 Modern Golf Villa | Sea Views | Infinity Pool 8.0 km
€462,20 Family Beach Villa -Modern- Private pool -Estepona 20.5 km
€692,80 Golf & Seaview Villa with Heated Private Pool 22.3 km
€322 Villa Sunlight near beach and Puerto Banus 3.9 km
€276,20 Private villa with heated pool 1.0 km
€326,14 Full Villa, View of Africa, Sea and Mountain 18.7 km
€319,60 Boho home 10 min walk to beach, padel on doorstep 11.2 km

Return & Value appreciation

Annual return

12.71%

5 Year Return

63.55%

10 Year Return

127.10%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Renovation potential can significantly increase value.
  • Local market trends in 2027: Growing demand in Nueva Andalucía due to tourism and expatriate influx.
  • Property type: Apartments in prime locations tend to appreciate steadily.
  • Economic outlook in 2027: Positive economic growth in Spain and the Eurozone supports property appreciation.
  • Demographic developments: Increasing expatriate and retiree populations boost demand.
  • Infrastructure plans in 2027: Planned improvements in transportation and amenities can enhance property value.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Refurbishing interiors to modern standards.
  • Adding energy-efficient features like solar panels or new windows.
  • Upgrading bathrooms and kitchen for modern appeal.
  • Enhancing outdoor spaces or terraces.
  • Improving building insulation and soundproofing.

Description

Discover this spacious refurbishment-ready apartment in Nueva Andalucía, Spain, an ideal choice for both homeowners and investors seeking a prime property in a sought-after location. This single-floor flat boasts a practical and comfortable layout, featuring a generous entrance hall that leads to a fully equipped independent kitchen with a laundry area. The bright living-dining area offers seamless access to an enclosed terrace with open views, perfect for relaxing or entertaining. The property includes four large bedrooms, each fitted with ample wardrobe space, and two complete bathrooms, with some en suite. While offering significant refurbishment potential, the apartment’s structure provides a fantastic foundation for personalization and modernization. Nestled within a prestigious urbanization in Nueva Andalucía, Spain, residents enjoy exclusive amenities such as a communal swimming pool and extensive landscaped green areas that foster a tranquil atmosphere. Its strategic location, just a few meters from the beach and renowned Puerto Banús, makes it highly desirable for those seeking a vibrant lifestyle or a lucrative investment. Surrounded by essential services including supermarkets, schools, pharmacies, and leisure facilities, plus proximity to top golf courses, this property in Nueva Andalucía presents a unique opportunity to own a versatile home or investment in one of Spain’s most desirable coastal areas. Don’t miss out on this exceptional property in Nueva Andalucía, Spain, perfect for year-round living or high-yield investment.

Location

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