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3
Bedrooms
2
Bathrooms
155 m²
Surface area
€
€4187
Price per m²
Apartment
Property type
+33 photos
Analysis
Price
€649.000
Own investment (30%)
€194.700
30% down payment of purchase price
Buyer costs
€64.900
Buyer costs: 10% of purchase price
Estimated nightly rate
€205,92
Expected occupancy rate
61%
Gross rental p/m
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€0000
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Mortgage costs
-€1.211,47
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€129,17
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
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€573,10
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€150,41
Municipal taxes for Elviria
Tax
(19%)
-€270,41
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
€205,92
High season
€274
Mid season
€197,50
Low season
€142
Price determining factors
- Proximity to beaches and amenities: Enhances desirability and value.
- Community features: Pools, gardens, security, and parking add to property appeal.
- Renovation quality: Modern finishes and features like marble flooring and underfloor heating increase value.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 14.9 km |
| €185 | Villa La Guirnalda private pool/wifi/barbecue | 21.5 km |
| €164,40 | 3 Bed Accommodation with Pool | 12.7 km |
| €314 | Livita, Space, Above the beach, Cala de mijas | 10.7 km |
| €195,20 | Hacienda el Alamo | 12.8 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 6.4 km |
| €210 | Beach House | 10.9 km |
| €84 | Paradise, sun and beach. Charming terrace. | 10.6 km |
| €185 | Entire House with Terrace in Marbella | 13.1 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 17.2 km |
Return & Value appreciation
Annual return
5.33%
5 Year Return
26.65%
10 Year Return
53.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained and recently renovated, which enhances value retention and appreciation.
- Local market trends in 2027: Expected steady growth driven by tourism and expatriate demand in Marbella.
- Property type: Apartments in a desirable complex tend to appreciate steadily due to high demand.
- Economic outlook in 2027: Positive, with continued growth in Spain's economy and tourism sector.
- Demographic developments: Increasing expatriate and retiree populations seeking luxury properties.
- Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and local services support property appreciation.
- Historical WOZ value trends: Consistent increase over recent years, indicating rising property values.
Possible improvements
- Adding a private pool or jacuzzi to increase luxury appeal.
- Upgrading kitchen appliances and fixtures for modernity.
- Enhancing outdoor space with landscaping or a barbecue area.
- Installing smart home technology for added convenience.
Description
Discover this stunning renovated apartment in the highly sought-after Elviria complex, located in the vibrant East Marbella area of Spain. Perfectly positioned just a short walk from pristine beaches and lively local amenities, this spacious Elviria property offers an ideal blend of luxury, comfort, and convenience. Originally a two-bedroom layout, the apartment has been thoughtfully transformed into a three-bedroom residence, featuring two modern bathrooms, including an elegant en-suite in the master bedroom. The contemporary open-plan kitchen seamlessly connects to a bright living space, creating an inviting atmosphere for relaxation and entertaining. Step out onto a generous covered terrace that extends to a private garden, perfect for alfresco dining and outdoor leisure. Situated within a secure, gated community, the Elviria apartment complex boasts beautifully maintained gardens and four pristine swimming pools, ideal for enjoying the Mediterranean climate. Premium features include marble flooring, underfloor heating in bathrooms, double-glazed windows for tranquility, hot and cold air conditioning, underground parking, a private storage room, and lift access. This exceptional Elviria property in Marbella offers an unparalleled lifestyle for those seeking a luxurious home in Spain’s Costa del Sol region, combining elegance, security, and prime location. Whether as a permanent residence or a holiday retreat, this Elviria apartment is a rare opportunity to enjoy the best of Marbella’s Mediterranean living.
Location
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Nightly rates in the area
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