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House in Algorfa, 3 bedrooms, 84 m² €225.570 sold quickly

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Bedrooms

Bathrooms

84 m²

Surface area

€

€2685

Price per m²

House

Property type

House in Algorfa, 3 bedrooms, 84 m² - Afbeelding 1

House in Algorfa, 3 bedrooms, 84 m² - Afbeelding 2

House in Algorfa, 3 bedrooms, 84 m² - Afbeelding 3

+9 photos

Analysis

View Report

Price

€225.570

Own investment (30%)

30% down payment of purchase price

€67.671

Buyer costs

Buyer costs: 10% of purchase price

€22.557

Estimated nightly rate

€136,03

Expected occupancy rate

53%

Gross rental p/m

€0000 Sign in to view

Mortgage costs

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

-€421,06

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.

-€70

Cleaning costs

Annual cleaning costs: €4000 (€333,33/month). Based on number of bedrooms.

-€333,33

Platform fees

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

-€328,94

Municipal taxes

Municipal taxes for Algorfa

-€60,43

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.

-€186,04

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

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Nightly Rates

Estimated nightly rate

€136,03

High season

€214

Mid season

€138,33

Low season

€93

Price determining factors

Location near beaches, golf courses, and amenities.
Community facilities such as pools, gyms, and secure complex.
Energy-efficient features and modern interiors.
Proximity to transport links, including Alicante airport.

Comparable accommodations

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

Rate	Hotel / apartment	Distance
€185,60	Villa El Loto Blanco	5.7 km
€150,33	Villa Lindal - upper part of Ciudad Quesada.	7.5 km
€231,40	Fidalsa 5 Stars Sea Views	8.3 km
€222,67	Villa "Alma" with pool heating	10.3 km
€196,40	La Manzana - Villa with Private Pool	6.8 km
€246,60	Exclusive New build Villa with jacuzzi and pool	7.9 km
€116,43	Sunny stay at Casa Corten with Private pool.	10.8 km
€121	Very nice beachfront house.	12.9 km
€119,20	Villa-Capricho Playa - ParqueMar. VT-480073-A	14.4 km
€98,40	Nature Views Luxury Villa - 3BR en Pool	14.2 km

Return & Value appreciation

Annual return

10.55%

5 Year Return

52.75%

10 Year Return

105.50%

ROI Distribution

Value development

Factors for value appreciation

Property condition: Modern, energy-efficient, well-maintained interiors increase value.
Local market trends in 2027: Growing demand for holiday and retirement homes in Spain, especially in popular regions like Costa Blanca.
Property type: Apartments and penthouses in a desirable community attract higher ROI.
Economic outlook in 2027: Stable to positive, with growth in tourism and expat communities boosting property values.
Demographic developments: Increasing retirees and expatriates seeking quality living environments.
Infrastructure plans in 2027: Continued improvements in transport, amenities, and connectivity enhance property appeal.
Historical WOZ value trends: Consistent appreciation in property values in the region, supporting future growth.

Possible improvements

Adding a private garden or outdoor space.
Upgrading kitchen and bathroom fixtures.
Installing smart home technology.
Enhancing outdoor terraces or solariums.

Risk assessment

Overall risk: Low

Criterion	Level	Score	Explanation
Location quality	Low	20	Located near beaches, golf courses, and amenities in Algorfa, a desirable area.
Tenant demand	Medium	50	Steady demand from holidaymakers and expats, but seasonal fluctuations exist.
Cash flow stability	Low	30	Stable rental income expected due to high demand for holiday rentals.
Vacancy risk	Medium	45	Potential seasonal vacancies, but overall occupancy remains healthy.
Property condition / capital expenditure risk	Low	25	Newly built with modern features, minimal immediate maintenance needed.
Purchase price vs market value	Low	20	Competitive pricing relative to market and comparable properties.
Financing risk (leverage)	Low	30	Favorable financing options available with low leverage risk.
Interest rate risk	Medium	55	Potential interest rate increases could impact financing costs.
Liquidity risk	Medium	50	Real estate less liquid than other investments, but market is active.
Market risk (economic conditions)	Low	25	Stable economic environment in Spain supports property stability.
Regulatory / legal risk	Low	20	Clear legal framework for property ownership in Spain.
Rent level vs market rent	Low	25	Current rent levels are aligned with market standards.
Tenant concentration risk	Very low	10	Diverse tenant base with multiple potential renters.
Expense risk	Low	30	Low ongoing expenses due to modern construction and energy efficiency.
Appreciation potential	Medium	60	Good growth prospects but limited by regional saturation.
Exit risk (resale ability)	Low	25	High demand for resale in the region.
Management complexity risk	Low	20	Managed easily through property management services.
Deal structure risk	Low	20	Straightforward purchase process with transparent terms.

Description

Experience contemporary living in Algorfa, Spain, with these stylish new homes perfectly suited for modern lifestyles. This exclusive community offers 41 high-quality apartments and penthouses featuring 1 to 3 bedrooms, open-plan kitchens, fitted wardrobes, and private solariums in select penthouses. Designed with energy efficiency in mind, these homes boast A-rated energy labels, ensuring comfort year-round. Residents enjoy access to a communal swimming pool, a fully equipped gym, and ample parking, all within a secure gated complex. Each property benefits from spacious terraces, stylish interiors with white and wood laminate kitchen cabinets, and pre-installed air conditioning. Located just 17 km from the stunning Costa Blanca beaches, these properties are ideally situated near top golf courses, excellent schools, and vibrant commercial centers, making them perfect for holidays, permanent residence, or investment in Spain. Algorfa’s charming village atmosphere combines traditional Spanish culture with modern amenities, offering a peaceful retreat close to La Finca Golf Course and the coast. With excellent transport links to Alicante airport and the wider Costa Blanca region renowned for its sunny climate, beautiful coastline, and lively expat communities, these homes in Algorfa Spain present a unique opportunity for buyers seeking quality, location, and lifestyle.