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2
Bedrooms
2
Bathrooms
185 m²
Surface area
€
€2562
Price per m²
Apartment
Property type
+31 photos
Analysis
Price
€474.000
Own investment (30%)
€142.200
30% down payment of purchase price
Buyer costs
€47.400
Buyer costs: 10% of purchase price
Estimated nightly rate
€112,44
Expected occupancy rate
68%
Gross rental p/m
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€0000
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Mortgage costs
-€884,80
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€154,17
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
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€348,84
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€125,12
Municipal taxes for Riviera del Sol
Tax
(19%)
-€99
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.
Nightly Rates
Estimated nightly rate
€112,44
High season
€150
Mid season
€109,42
Low season
€89
Price determining factors
- Proximity to beaches, golf courses, and amenities.
- Sea views and private terraces appeal to luxury buyers.
- Community facilities like pools and gardens enhance desirability.
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €133,60 | An impressive beach house | 1.9 km |
| €203 | Casa Flores - Panoramic views, pool, tennis, BBQ | 12.2 km |
| €132,40 | Spectacular house on Carvajal Beach | 13.1 km |
| €125,20 | Picturesque Casita Mijas Pueblo | 13.3 km |
| €166,80 | Chariming and creative house 50m from the beach | 8.9 km |
| €134,80 | Cubo's Finca La Graciosa (Cubo's Farm) | 18.6 km |
| €275,20 | Casa Tetuan in old town Marbella, a manicured home | 15.9 km |
| €186,80 | Unique place with roof terrace in Old town | 16.1 km |
| €116 | Charming Sea Front Bungalow | 23.4 km |
| €124,86 | Sunny hillside casita in Guaro | 21.8 km |
Return & Value appreciation
Annual return
2.67%
5 Year Return
13.35%
10 Year Return
26.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern amenities enhance value.
- Local market trends in 2027: Expected growth due to tourism and expatriate demand.
- Property type: Luxury penthouse with sea views attracts high-end buyers.
- Economic outlook in 2027: Positive, with steady growth in Spain and Costa del Sol.
- Demographic developments: Increasing expatriate and retiree populations.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities.
- Historical WOZ value trends: Consistent appreciation reflecting market stability.
Possible improvements
- Upgrade kitchen appliances and finishes.
- Add smart home technology for modern appeal.
- Enhance outdoor spaces with landscaping or additional features.
Description
Discover this stunning south-facing penthouse in Riviera del Sol, Spain, offering breathtaking sea views and panoramic vistas. Perfectly situated within a sought-after gated community, this luxury property combines privacy, comfort, and excellent rental potential. The immaculate penthouse features a fully fitted kitchen, a separate laundry room, and a bright living area that opens onto spacious private terraces, ideal for enjoying sunny days and spectacular sunsets. Modern amenities include air conditioning (hot and cold), double glazing, and a comprehensive alarm system, ensuring year-round comfort and security. Included are two underground parking spaces and access to a communal swimming pool with a children's pool, along with beautifully maintained gardens, enhancing the resort-style living experience. Located just 5 to 10 minutes from golf courses, tennis clubs, and reputable schools, with excellent road access, this property is a prime opportunity for both permanent residence and high-yield rental investment in Riviera del Sol. Embrace the coastal lifestyle with this well-maintained, popular urbanisation that offers sea views, sunny terraces, and a vibrant community in the heart of Spain’s Costa del Sol.
Location
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