You can view 2 more properties. Log in for unlimited access.
4
Bedrooms
1
Bathrooms
226 m²
Surface area
€
€1527
Price per m²
House
Property type
+28 photos
Analysis
Price
€345.000
Own investment (30%)
€103.500
30% down payment of purchase price
Buyer costs
€34.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€163,90
Expected occupancy rate
45%
Gross rental p/m
Log in to see the annual gross rental income
€0000
Sign in to view
Mortgage costs
-€644
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€188,33
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
-€336,51
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€85,81
Municipal taxes for Mijas
Tax
(19%)
-€116,61
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
€163,90
High season
€187
Mid season
€157,33
Low season
€107
Price determining factors
- Location in Mijas, a sought-after area.
- Size of the property and potential for expansion.
- Renovation and customization possibilities.
- Proximity to amenities, beaches, and tourist attractions.
- Current condition of the property, requiring updates.
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
4.32%
5 Year Return
21.60%
10 Year Return
43.20%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Renovation potential can significantly increase value.
- Local market trends in 2027: Growing popularity of Mijas as a tourist and residential destination.
- Property type: House with potential for expansion and customization.
- Economic outlook in 2027: Stable with positive growth prospects for Spain and the Costa del Sol region.
- Demographic developments: Increasing demand from expatriates and retirees.
- Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities.
- Historical WOZ value trends: Consistent appreciation in property values in Mijas.
Possible improvements
- Renovate the interior to modern standards.
- Add an extra floor to increase living space.
- Improve the patio into a traditional Andalusian courtyard.
- Upgrade kitchen and bathrooms.
- Enhance energy efficiency with new windows and insulation.
Description
Discover a unique investment opportunity in the heart of Mijas, Spain, with this versatile 4-bedroom house featuring a charming patio. Located in one of the most picturesque villages on the Costa del Sol, this property offers over 200 m² of built space and endless renovation potential, making it a prime choice for investors seeking a profitable project in Mijas. The spacious layout includes large living and dining areas, a fully adaptable kitchen, and the possibility to expand by adding an extra floor under local planning regulations. Imagine transforming the interior patio into a beautiful Andalusian courtyard or converting a cave into a stylish wine cellar, enhancing the property's character and value.
Location
Similar properties in Mijas
Interested in this property?
Register your interest and we'll connect you directly with the seller. No obligations.
Sign up and register interestNightly rates in the area
Questions? Chat with us!