You can view 1 more properties. Log in for unlimited access.
4
Bedrooms
2
Bathrooms
280 m²
Surface area
€
€2679
Price per m²
House
Property type
+26 photos
Analysis
Price
€750.000
Own investment (30%)
€225.000
30% down payment of purchase price
Buyer costs
€75.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€225,49
Expected occupancy rate
50%
Gross rental p/m
Log in to see the annual gross rental income
€0000
Sign in to view
Mortgage costs
-€1.400
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€233,33
{% 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
-€514,40
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€171,88
Municipal taxes for Mijas
Tax
(19%)
-€139,60
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.
Interested?
Log in now to contact the seller directly
Log inNightly Rates
Estimated nightly rate
€225,49
High season
€327
Mid season
€226,75
Low season
€161
Price determining factors
- Proximity to beaches, cafes, and shops: Enhances desirability.
- Sea views and outdoor spaces: Significant value addition.
- Development permissions: Flexibility to expand or upgrade increases potential.
- Property condition: Current condition supports rental income but upgrades could boost value.
- Local demand for holiday rentals: High, especially in peak seasons.
Comparable accommodations
| 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
2.38%
5 Year Return
11.90%
10 Year Return
23.80%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with potential for upgrades to increase rental appeal.
- Local market trends in 2027: Expected growth driven by tourism and expatriate demand.
- Property type: Multi-unit residential with high income potential.
- Economic outlook in 2027: Positive, with Spain's economy recovering and tourism rebounding.
- Demographic developments: Increasing expatriate and retiree populations seeking properties in Mijas.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities enhancing accessibility.
- Historical WOZ value trends: Steady increase reflecting rising property values and local development.
Possible improvements
- Renovate interiors to modern standards to attract higher-paying tenants.
- Upgrade kitchens and bathrooms for increased rental appeal.
- Enhance outdoor spaces, including rooftop terrace, for better leisure and rental value.
- Implement energy-efficient systems to reduce operating costs.
- Obtain permits for additional units to maximize development potential.
Description
Discover a prime investment opportunity in the heart of Mijas, Spain, with this versatile multi-unit property offering stunning sea views and significant income potential. Located in one of Mijas's most desirable neighborhoods, this property combines traditional charm with modern development prospects. The ground floor features two self-contained apartments, perfect for immediate rental income or holiday rentals, each with independent access for maximum flexibility. The first-floor apartment provides spacious living areas with large windows and a balcony showcasing breathtaking Mediterranean views, ready for immediate leasing. The second floor offers a blank canvas, with existing permissions to create one or two additional high-end rental units, all with spectacular sea vistas. A rooftop terrace crowns the property, offering panoramic views of the coast and mountains—ideal for relaxing or entertaining guests. This property in Mijas, Spain, is strategically positioned just minutes from local cafes, shops, and beaches, combining tranquility with accessibility. With legal groundwork in place for further development and multiple income streams—holiday lets, long-term rentals, or resale—this investment provides exceptional potential for savvy buyers. Whether you're seeking strong rental yields or planning a bespoke development, this Mijas property offers an extraordinary opportunity to capitalize on Spain’s thriving real estate market.
Location
Nightly rates in the area
Questions? Chat with us!