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6
Bedrooms
4
Bathrooms
543 m²
Surface area
€
€2947
Price per m²
House
Property type
+25 photos
Analysis
Price
€1.600.000
Own investment (30%)
€480.000
30% down payment of purchase price
Buyer costs
€160.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€487,02
Expected occupancy rate
47%
Gross rental p/m
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€0000
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Mortgage costs
-€2.986,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€452,50
{% 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
-€1.044,35
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€261,83
Municipal taxes for Mijas
Tax
(19%)
-€349,98
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
€487,02
High season
€808
Mid season
€499,58
Low season
€307
Price determining factors
- Property condition: Needs refurbishment, which could temporarily lower value but offers upside after improvements.
- Local market trends in 2027: Rising property prices in Mijas and Costa del Sol region.
- Property type: Large land plot with existing structures, valued for development and rental potential.
- Economic outlook in 2027: Positive, with tourism and real estate sectors expected to grow.
- Demographic developments: Increasing influx of international buyers and retirees.
- Infrastructure plans in 2027: Planned upgrades to roads and local services enhancing accessibility.
- Historical WOZ value trends: Steady increase correlating with property appreciation.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €942,80 | 6 Bedroom luxury villa with infinity heated pool | 7.4 km |
| €496,80 | Luxury Villa: Heated Pool & Sea Views, Near Beach | 9.5 km |
| €1.399 | Bali-Style Villa/Sea Views, Heated Pool, Sleeps 15 | 1.9 km |
| €450 | VILLA JIMENA by Mabiente | 12.1 km |
| €376,60 | Villa with ocean views, pool for 14 people | 1.6 km |
| €262,86 | Andalusian family villa | Heated pool | Sleeps 12 | 6.1 km |
| €687,80 | Homeclub | NEW! Private Pool Villa in Guadalmar | 17.8 km |
| €525 | Villa MarÃa Teresa Mar y Ciudad | 25.2 km |
| €494 | Nogali - Private heated pool-BBQ-sea view-parking | 4.4 km |
| €329,80 | Huge Andalusian-style villa with pool and barbecue | 10.2 km |
Return & Value appreciation
Annual return
3.73%
5 Year Return
18.65%
10 Year Return
37.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Refurbishment needed, potential for value increase after upgrades.
- Local market trends in 2027: Growing demand for unique properties in Mijas, driven by tourism and expatriates.
- Property type: Large estate with development potential, attractive for investors.
- Economic outlook in 2027: Stable with growth prospects in Spain, especially in tourism and real estate sectors.
- Demographic developments: Increasing expatriate and retiree population seeking properties in Andalusia.
- Infrastructure plans in 2027: Improved connectivity and amenities in Mijas and surrounding areas.
- Historical WOZ value trends: Consistent appreciation, indicating a stable market.
Possible improvements
- Refurbish existing homes to modern standards.
- Enhance landscaping and garden features.
- Add new amenities such as a spa or additional pools.
- Upgrade water and electrical systems for efficiency.
- Develop additional structures or expand existing ones within legal limits.
Description
Discover a unique investment opportunity in Mijas, Spain, with this expansive over 10,000 square meter plot ideally located just 15 minutes from Fuengirola's beaches and 20 minutes from Malaga Airport. Situated only 5 minutes from the charming Mijas Pueblo, this property offers a blend of privacy, panoramic views, and development potential. The plot features three existing homes and two swimming pools, making it perfect for a large family estate, a boutique glamping site, or short-term rental ventures, either individually or collectively. All structures require refurbishment, with no current permission for new construction beyond existing buildings. This property benefits from the new LISTA land law in Andalucia, presenting flexible development and financing options. Accessible via major roads including the N-340 and tollway, the property is secluded yet well-connected. Mature gardens with over 600 varieties of plants, including palms and fruit trees, are maintained with a professional irrigation system, ensuring low maintenance. An Arabic-style home with intricate detailing adds character to the estate. The property includes two entrances at different levels, connected internally, and features well-planned earthworks for future expansion. Long-term rental history demonstrates its income potential, supported by all essential services—water, electricity, and phone—plus a licensed private well and large water reservoirs. This versatile Mijas property in Spain offers a rare combination of natural beauty, strategic location, and development flexibility, making it an exceptional investment opportunity in the heart of Andalusia.
Location
Nightly rates in the area
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