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4
Bedrooms
3
Bathrooms
250 m²
Surface area
€
€6400
Price per m²
Apartment
Property type
+12 photos
Analysis
Price
€1.600.000
Own investment (30%)
€480.000
30% down payment of purchase price
Buyer costs
€160.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€417,28
Expected occupancy rate
57%
Gross rental p/m
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€0000
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Mortgage costs
-€2.986,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€208,33
{% trans 'Estimated annual maintenance costs (10€/m²). This is the
rule of thumb for existing and older homes. For new construction,
this is usually lower.' %}
Cleaning costs
-€375
Annual cleaning costs:€4500 (€375.00/month).Based on number of bedrooms.
Platform fees
-€1.085,19
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€261,83
Municipal taxes for Nueva Andalucía
Tax
(19%)
-€440,34
This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.
Earned back in
Time to earn back own investment + buyer costs.
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Log inNightly Rates
Estimated nightly rate
€417,28
High season
€595
Mid season
€389,50
Low season
€217
Price determining factors
- Proximity to golf courses and amenities: Enhances desirability and value.
- Views of sea and mountains: Adds premium value.
- Potential for development into a luxury residence: Significantly increases future value.
- Current condition as a construction site: May temporarily reduce value but offers customization.
- Location in Nueva Andalucía: A highly sought-after area for both residents and investors.
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
3.52%
5 Year Return
17.60%
10 Year Return
35.20%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property is currently a construction site, which may initially lower its value but offers potential for customization and upgrades.
- Local market trends in 2027: The Costa del Sol region is expected to continue its popularity for both tourism and residential living, supporting property appreciation.
- Property type: As a luxury apartment with development potential, it appeals to high-end buyers and investors.
- Economic outlook in 2027: Spain's economy is projected to grow steadily, which will positively influence real estate prices.
- Demographic developments: Increasing expatriate and retiree populations in the region will sustain demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and golf courses will enhance property appeal.
- Historical WOZ value trends: Past trends show steady appreciation in property values in Nueva Andalucía, indicating a resilient market.
Possible improvements
- Complete the construction and interior finishing.
- Add a private pool and garden as per potential development plans.
- Upgrade the automated air-conditioning system.
- Improve outdoor landscaping and curb appeal.
- Install modern appliances and smart home features.
Description
Discover a prime investment opportunity in the sought-after area of Nueva Andalucía, Spain, with this exceptional double ground floor apartment in Magna Marbella. Offering stunning sea and mountain views, this property is perfectly situated front line to the prestigious Golf Course, making it an ideal choice for golf enthusiasts and investors alike. Subject to licensing, there is potential to transform this space into a luxurious four-bedroom apartment featuring a private pool and garden, creating a perfect family or holiday home in the heart of the Costa del Sol. Currently presented as a construction site, the property benefits from partly installed new floor tiles, with remaining tiles included in the sale, along with a complete re-wiring and modern automated air-conditioning system. Two private underground parking spaces with direct lift access add to the convenience. Located in Nueva Andalucía, this property offers easy access to three renowned golf courses, a community practice range, and the famous Club restaurant, making it an unbeatable location for golf lovers and residential investors seeking a dream home in Spain. Whether you’re looking to develop a luxurious residence or secure a valuable investment, this property in Nueva Andalucía presents an outstanding opportunity in the thriving Costa del Sol real estate market.
Location
Nightly rates in the area
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