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6
Bedrooms
4
Bathrooms
431 m²
Surface area
€
€4942
Price per m²
House
Property type
+38 photos
Analysis
Price
€2.130.000
Own investment (30%)
€639.000
30% down payment of purchase price
Buyer costs
€213.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€460,59
Expected occupancy rate
48%
Gross rental p/m
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€0000
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Mortgage costs
-€3.976
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€359,17
{% 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
-€1.008,69
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€344,42
Municipal taxes for Marbella
Tax
(19%)
-€125,65
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
€460,59
High season
€554
Mid season
€454,17
Low season
€339
Price determining factors
- Location in Marbella's Old Town, a highly desirable area.
- Historic charm and potential for customization.
- Multiple income streams from apartments and commercial space.
- Rooftop terrace with views adds unique appeal.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €434,20 | Villa El Mirador | 1.2 km |
| €2.271 | Extraordinary Villa i Marbella | 3.6 km |
| €847,40 | Renovated villa next to the beach and Puerto Banús | 5.5 km |
| €786,40 | Boutique villa, 12-15 guests, near Puerto Banús | 7.5 km |
| €942,80 | 6 Bedroom luxury villa with infinity heated pool | 19.5 km |
| €496,80 | Luxury Villa: Heated Pool & Sea Views, Near Beach | 20.6 km |
| €1.399 | Bali-Style Villa/Sea Views, Heated Pool, Sleeps 15 | 22.4 km |
| €1.331 | Vacation Marbella w/Pool, Billard, Cine, BBQ, Golf | 10.7 km |
| €469 | 6 BDRM Golfside Luxury Villa w/ Pool & Jacuzzi | 17.4 km |
| €800 | ⚡ Beach side w/ heated pool, bbq, central heating | 10.0 km |
Return & Value appreciation
Annual return
0.75%
5 Year Return
3.75%
10 Year Return
7.50%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Renovation can significantly increase value by modernizing and restoring historic features.
- Local market trends in 2027: Marbella's real estate market is expected to remain strong due to its popularity as a luxury destination.
- Property type: Unique historic property with multiple apartments and commercial space offers diverse income streams.
- Economic outlook in 2027: Spain's economy is projected to grow steadily, supporting property appreciation.
- Demographic developments: Increasing demand from both international buyers and local residents for luxury and investment properties.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Marbella will enhance property desirability.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values and market confidence.
Possible improvements
- Renovate and modernize interiors to attract higher-paying tenants or buyers.
- Enhance the rooftop terrace with amenities like a garden or lounge area.
- Improve energy efficiency and modern amenities to increase appeal.
- Restore historic features to preserve character and value.
Description
Discover a rare investment opportunity in the heart of Marbella's historic Old Town, Spain. This unique property in Marbella offers exceptional potential for buyers seeking a charming family residence or an exclusive boutique hotel. Located centrally in Marbella, this property boasts access from two picturesque pedestrian streets, blending authentic Andalusian charm with endless development possibilities. The building comprises four separate apartments—ideal for holiday rentals or long-term living—plus a street-level commercial space perfect for a café, boutique, or art gallery. An impressive 90 m² rooftop terrace provides a sunlit outdoor oasis with stunning views over the traditional rooftops of Marbella's Old Town, perfect for creating a vibrant rooftop lounge, garden, or entertainment area. While requiring renovation, this property offers a blank canvas to restore and customize, preserving its historic character while modernizing to suit contemporary tastes. Situated in a prime Marbella location, this property presents a lucrative opportunity for value appreciation in one of Spain’s most desirable destinations. Whether you’re looking for a renovation project, a rental investment, or a luxurious private residence, this property in Marbella’s Old Town combines authentic Spanish charm with exceptional potential for growth. Don’t miss the chance to own a piece of Marbella’s iconic city center—an unparalleled opportunity for investors and homeowners alike.
Location
Nightly rates in the area
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