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1
Bedrooms
1
Bathrooms
33 m²
Surface area
€
€6818
Price per m²
House
Property type
+28 photos
Analysis
Price
€225.000
Own investment (30%)
€67.500
30% down payment of purchase price
Buyer costs
€22.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€50,54
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€420
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€27,50
{% 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
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€149,88
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€60,31
Municipal taxes for Torrevieja
Tax
(19%)
-€9,47
{% trans 'This is the VAT percentage you pay in the country of the
property.' %}
Earned back in
Time to earn back own investment + buyer costs.
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Log inNightly Rates
Estimated nightly rate
€50,54
High season
€67
Mid season
€49,25
Low season
€39
Price determining factors
- Proximity to beaches and amenities: Enhances desirability and rental potential.
- Development amenities: The rooftop pool and communal facilities add value.
- Location in Torrevieja: A popular tourist and retirement destination.
- Economic factors: Spain's economic recovery and tourism growth support property appreciation.
- Local developments: Planned infrastructure improvements will likely increase property values.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €68,60 | Nice house with an indoor fireplace | 16.8 km |
Return & Value appreciation
Annual return
0.72%
5 Year Return
3.60%
10 Year Return
7.20%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property appears modern and well-maintained, which supports value retention and appreciation.
- Local market trends in 2027: The Costa Blanca region is expected to continue attracting both tourists and expatriates, boosting property demand.
- Property type: As a new build apartment, it benefits from modern design and amenities, appealing to a broad market.
- Economic outlook in 2027: Spain's economy is projected to recover steadily post-pandemic, supporting real estate growth.
- Demographic developments: Increasing retiree and expatriate populations in Spain will likely sustain demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and local amenities will enhance property values.
- Historical WOZ value trends: Historically, property taxes in the region have remained stable or increased slightly, indicating a stable investment environment.
Possible improvements
- Renovate the interior to add modern fixtures and appliances.
- Enhance outdoor space or add features like a small garden or outdoor furniture.
- Upgrade kitchen and bathroom fixtures for increased appeal.
- Implement smart home technology for modern convenience.
Risk level
Medium
(75% certainty)
Description
Experience contemporary coastal living in this new build apartment development in Torrevieja, Spain. Located just 600 meters from pristine beaches and close to vibrant amenities, these spacious one-bedroom apartments offer an ideal blend of comfort and convenience. Each unit features an 18 m² terrace perfect for enjoying the Mediterranean climate, with a total usable space of 30 m² designed for modern urban lifestyles. Residents can indulge in luxurious communal facilities, including a rooftop heated glass swimming pool accessible via elevator, making relaxation effortless. Situated in the heart of Torrevieja, known for its lively promenade, beautiful beaches, and excellent local services, these properties are perfect for holidaymakers, retirees, or savvy property investors seeking a profitable opportunity in Spain’s Costa Blanca. The development’s proximity to schools, shopping centers, and transport links enhances daily convenience, while the vibrant city atmosphere provides cultural attractions and outdoor activities. With its prime location and contemporary design, this new build in Torrevieja offers a rare opportunity to own a modern coastal home or investment property in Spain, combining seaside serenity with urban vibrancy.
Location
Nightly rates in the area
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