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Apartment in Cancelada, 3 bedrooms, 122 m² €386.000

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3
Bedrooms
3
Bathrooms
122 m²
Surface area
€
€3164
Price per m²
Apartment
Property type
Apartment in Cancelada, 3 bedrooms, 122 m² - Hoofdafbeelding
Apartment in Cancelada, 3 bedrooms, 122 m² - Afbeelding 1
Apartment in Cancelada, 3 bedrooms, 122 m² - Afbeelding 2
Apartment in Cancelada, 3 bedrooms, 122 m² - Afbeelding 3
+13 photos

Analysis

Price
€386.000
Own investment (30%)
€115.800
Buyer costs
€38.600
Estimated nightly rate
€174,02
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€720,53
Maintenance costs
-€101,67
Cleaning costs
-€333,33
Platform fees
-€516,08
Municipal taxes
-€94,52
Tax (19%)
-€318,13
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€174,02
High season
€228
Mid season
€170,25
Low season
€139

Price determining factors

  • Location along Costa del Sol, a popular tourist and expatriate destination.
  • Proximity to amenities, beaches, and the Santa Vista Club.
  • Modern finishes and sustainable features.
  • High-quality communal facilities and amenities.
  • Potential for rental income from tourism and long-term rentals.

Comparable accommodations

Rate Hotel / apartment Distance
€378,33 Casa Calma ǀ Private Pool ǀ Close to Beach + Golf 19.0 km
€185 Entire House with Terrace in Marbella 12.1 km
€382,40 Three bed house with pool 50 metres from the beach 7.3 km
€175 Chic 3BR Townhouse on the Beach + Pool + Parking 1.3 km
€140,40 TOWNHOUSE Old Town Marbella Large Rooftop Terr! A 15.8 km
€281,20 Ocean Front Villa w/Private Pool 1.3 km
€421 Calm Villa · Private Infinity Pool 17.1 km
€159,80 Lucia's home, beach and mountains. 19.7 km
€294,40 Villa with pool near the beach for families 5.5 km
€182,40 House in Marbella's Old Town, 100m from the Beach☆ 16.2 km

Return & Value appreciation

Annual return

14.05%

5 Year Return

70.25%

10 Year Return

140.50%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Modern and well-maintained, appealing to buyers and renters.
  • Local market trends in 2027: Expected growth in Costa del Sol's real estate market due to tourism and expatriate influx.
  • Property type: High-demand luxury apartments with amenities.
  • Economic outlook in 2027: Positive, with growth in tourism and real estate sectors.
  • Demographic developments: Increasing expatriate and retiree populations seeking luxury accommodations.
  • Infrastructure plans in 2027: Improved transportation and amenities enhancing property value.
  • Historical WOZ value trends: Steady increase in property taxes indicating rising property values.

Possible improvements

  • Upgrade interior finishes and appliances to premium brands.
  • Add smart home features for increased convenience.
  • Enhance outdoor spaces with landscaping or additional features.
  • Implement energy-efficient upgrades to reduce utility costs.
  • Renovate bathrooms and kitchens for a more luxurious feel.

Description

Discover luxurious 2 and 3-bedroom homes in Cancelada, Spain, nestled along the prestigious Costa del Sol. These modern, southwest-facing properties on the Estepona Golden Mile boast spacious terraces, contemporary finishes, and a commitment to sustainability with the DOMUM seal. Priced from €386,000 to €444,000, each residence offers open-plan living with large terraces perfect for enjoying the Mediterranean sun. Residents enjoy exclusive access to the Santa Vista Club, featuring resort-style amenities such as an outdoor pool, gym, coworking spaces, sports facilities, petanque courts, and scenic cycling paths, making this an ideal investment in Cancelada, Spain.

Location

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