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Apartment in Miraflores, 2 bedrooms, 70 m² €445.000

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Bedrooms

Bathrooms

70 m²

Surface area

€

€6357

Price per m²

Apartment

Property type

Apartment in Miraflores, 2 bedrooms, 70 m² - Afbeelding 1

Apartment in Miraflores, 2 bedrooms, 70 m² - Afbeelding 2

Apartment in Miraflores, 2 bedrooms, 70 m² - Afbeelding 3

+9 photos

Analysis

View Report

Price

€445.000

Own investment (30%)

30% down payment of purchase price

€133.500

Buyer costs

Buyer costs: 10% of purchase price

€44.500

Estimated nightly rate

€85,57

Expected occupancy rate

67%

Gross rental p/m

€0000 Sign in to view

Mortgage costs

This is the monthly interest you pay for the mortgage (3.2% interest)

-€830,67

Maintenance costs

Estimated annual maintenance costs (10€/m²). This is the rule of thumb for existing and older homes. For new construction, this is usually lower.

-€58,33

Cleaning costs

Annual cleaning costs: €3500 (€291,67/month). Based on number of bedrooms.

-€291,67

Platform fees

15% commission based on average fees from Booking.com and Airbnb

-€261,58

Municipal taxes

Municipal taxes for Miraflores

-€110,04

Tax (19%)

This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.

-€36,40

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

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Nightly Rates

Estimated nightly rate

€85,57

High season

€92

Mid season

€85,42

Low season

€79

Price determining factors

Proximity to the sea and scenic views: Premium feature that enhances value.
Complex amenities: Pool, gardens, parking, and accessibility add to desirability.
Location: Miraflores on Costa del Sol, a sought-after area for both residents and investors.
Property condition: Excellent move-in condition, reducing immediate renovation costs.

Comparable accommodations

All comparable accommodations and their nightly rates are retrieved from booking platforms.

Rate	Hotel / apartment	Distance
€133,60	El Rincón de San Miguel in the heart of Zaragoza	2.0 km
€120	Home Gateway - Nice apartment & Free parking	3.8 km
€99	Historic Gem \| Countryside Comfort 15min from city	5.1 km
€84,60	Relax 20 minutes from Zaragoza	21.2 km

Return & Value appreciation

Annual return

1.05%

5 Year Return

5.25%

10 Year Return

10.50%

ROI Distribution

Value development

Factors for value appreciation

Property condition: Well-maintained with modern amenities, likely to attract higher ROI.
Local market trends in 2027: Expected growth due to increasing tourism and demand for coastal properties.
Property type: Front-line apartment in a desirable location, typically appreciating faster.
Economic outlook in 2027: Positive, with growth in tourism and real estate sectors.
Demographic developments: Increasing interest from retirees and expatriates seeking coastal living.
Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities, boosting property values.
Historical WOZ value trends: Consistent increase reflecting rising property values and local development.

Possible improvements

Renovate kitchen and bathrooms for modern appeal.
Add smart home features for increased convenience.
Enhance outdoor spaces with landscaping or a terrace upgrade.
Improve energy efficiency with solar panels or better insulation.

Description

Discover this stunning front-line 2-bedroom apartment in Miraflores, Spain, offering an exceptional opportunity to enjoy the Mediterranean lifestyle. Located in the highly desirable Rocas del Mar complex, this bright 70 m² first-floor property features breathtaking sea views, modern amenities, and direct access to the picturesque promenade between Miraflores and Riviera del Sol. Perfect for both holiday rentals and year-round living, this apartment provides a seamless blend of comfort and convenience. The spacious living area includes air conditioning, a fully fitted separate kitchen with an exterior window, and a built-in terrace with glass curtains to enjoy the stunning coastal scenery. The two bedrooms have fitted wardrobes, with one ensuite bathroom, and the property is in excellent move-in condition. Residents benefit from a communal swimming pool, lush gardens, and an enclosed parking space within the complex. The complex is accessible for people with reduced mobility and features an on-site bar, making it ideal for outdoor leisure and socializing. Situated in the sought-after Miraflores area on the Costa del Sol, this beachfront property offers unrivaled views of the sea, pool, and tennis courts, all within a quiet and secure environment. With its prime location, premium amenities, and spectacular surroundings, this Miraflores apartment is an exceptional investment opportunity in Spain. Contact us today to schedule a visit and secure your slice of coastal paradise.