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4
Bedrooms
4
Bathrooms
200 m²
Surface area
€
€8750
Price per m²
House
Property type
+27 photos
Analysis
Price
€1.750.000
Own investment (30%)
€525.000
30% down payment of purchase price
Buyer costs
€175.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€327,48
Expected occupancy rate
61%
Gross rental p/m
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€0000
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Mortgage costs
-€3.266,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€166,67
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
-€911,42
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€285,21
Municipal taxes for Mijas
Tax
(19%)
-€203,52
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
€327,48
High season
€408
Mid season
€315
Low season
€238
Price determining factors
- Proximity to the coast and scenic views: Enhances desirability and price.
- Size and development potential: Large plot with multiple structures and development options.
- Existing amenities and structures: Main chalet, warehouses, office, and garages add value.
- Location in Mijas: Sought-after area with high demand for luxury and investment properties.
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €241,40 | Casa Tranquila (Quiet House) La Cala de Mijas | 10.6 km |
| €247 | Ayma Ocean View | 10.0 km |
| €212,60 | Modern house with panoramic ocean views in Alya | 11.7 km |
| €210,60 | Lovely townhouse with private pool | 4.3 km |
| €427,60 | Heated pool / Premium Spanish villa / Sea views | 1.6 km |
| €477,43 | Impressive VILLA Dazura in Valtocado. MIJAS | 3.3 km |
| €249,80 | Stylish Villa París - Heated Pool | 4.4 km |
| €291 | Spacious 4-Bedroom Townhouse 3 min from the Beach | 7.4 km |
| €377,40 | Villa Lola with pool, private oasis | 11.9 km |
| €197 | The tropical paradise in Malaga | 12.6 km |
Return & Value appreciation
Annual return
1.49%
5 Year Return
7.45%
10 Year Return
14.90%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with recent updates, enhancing appeal and value.
- Local market trends in 2027: Expected growth due to increasing demand for luxury properties in Costa del Sol.
- Property type: Villa with development potential, attractive for investors and private buyers.
- Economic outlook in 2027: Positive economic growth in Spain and the Eurozone, supporting real estate appreciation.
- Demographic developments: Growing expatriate and retiree population seeking luxury homes in Mijas.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities, increasing accessibility and desirability.
- Historical WOZ value trends: Consistent increase, indicating rising property values and favorable taxation environment.
Possible improvements
- Renovate and modernize the main chalet to increase rental income.
- Develop additional residences on the plot to maximize land use.
- Upgrade outdoor amenities, such as pool and barbecue area, to attract premium tenants or buyers.
- Improve infrastructure and landscaping to enhance curb appeal.
Description
Discover a remarkable investment opportunity in Mijas, Spain, with this expansive villa set on over 2,500 square meters of prime urban land. Located in one of Mijas's most sought-after areas, this property offers stunning sea and mountain views with exceptional accessibility via four separate entrances. The spacious plot allows for the construction of multiple residences, with a development potential of one house per 500 m², adhering to local zoning regulations of 0.35 buildability and 25% occupation, with up to two floors and 7 meters in height.
The existing property features a charming 300 m² main chalet with two floors, four bedrooms, three bathrooms, a generous living and dining area, and an equipped kitchen—perfect for comfortable living or rental income. An inviting 35 m² barbecue area adjacent to the swimming pool offers excellent outdoor entertainment space for family and friends.
Additional structures include three well-established warehouses: a 200 m² facility, a 360 m² two-floor building, and a 40 m² storage unit, alongside a 60 m² office and two garages. This versatile property in Mijas, Spain, presents a unique opportunity for investors seeking to develop or expand their portfolio in one of Costa del Sol's most attractive locations.
Don’t miss the chance to explore this exceptional property in Mijas, Spain—schedule a visit today and unlock its full potential for investment or private use.
Location
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