Make an Enquiry About This Property
Ref: MLSC9166745
Property marketed by The Property Group
Your Name:
Email Address:
Telephone Nº:
By checking this box, we will pass your query on to up to five other Estate Agents who have similar properties to this.
How can we help you?:

Investment Opportunity: 2-Bed Bungalow with Casita in El FaroThis 2-bedroom bungalow in El Faro, Mijas Costa, offers an excellent investment and renovation opportunity in a sought-after coastal location Positioned on a quiet one-way street, the property is just a 10-minute walk from the beach, with a roof terrace boasting sea views El Faro sits between the popular towns of La Cala de Mijas and Fuengirola, and is only 25 minutes from Málaga Airport, making it a highly convenient spot for both permanent living and holiday rentalsThe main bungalow features two bedrooms and a renovated bathroom, along with living and dining areas that would benefit from modernisation In addition, there is a separate guest casita with its own bedroom, kitchenette, and bathroom — ideal for visitors or generating rental income With 113m² built on a 458m² plot, the property offers flexibility for future expansion, including the potential to add up to 100m² and even a second level if desiredThe outdoor space is one of the highlights, with a private patio, lawned garden, and a roof terrace with sea views There is ample room to build a private swimming pool, though residents also enjoy access to the nearby El Faro community pool, just a short 2-minute walk away With strong investment potential, a prime location close to La Cala and Fuengirola, and scope to create a modern coastal home, this property is a fantastic opportunity on the Costa del SolSummary:Investment opportunity in El Faro, Mijas Costa2-bedroom, 1-bathroom bungalow + separate guest casitaPlot size 458m² with 113m² built and option to extend by 100m²Renovated bathroom; rest of property ready for modernisationRoof terrace with open sea views10-minute walk to the beach, quiet one-way streetOutdoor patio, lawned garden, and space for private poolAccess to El Faro community pool just 2 minutes away
Property Features
- 2 bedrooms
- 2 bathrooms
- 113m² Build size
- 458m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
37,000€
Final Payment of 90% on completion
359,996€
Property Purchase Expenses
Property price
399,995€
Transfer tax 10%
40,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
Mortgage Calculator
Similar Properties
Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.