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Located in Riviera del Sol (Calle Geranio), this apartment offers a rare opportunity to acquire a property with strong value-add potential and excellent holiday rental profitability.
The property features two bedrooms plus an additional annex room, allowing up to 6 guests, which is the most demanded and profitable format for holiday rentals on the Costa del Sol.
It offers two large private terraces, one bathroom and a comfortable layout.
Please note that renovation works are required, but once updated, the property becomes an ideal family home for a couple with children and, above all, a high-yield holiday rental investment.
Thanks to its configuration, terraces and Riviera del Sol’s year-round demand, the estimated rental performance is:
• Average nightly rate: approx. 115 €
• Estimated occupancy: approx. 60 %
• Estimated net annual rental income: approx. 18,000 €
• Estimated net ROI: approx. 7.5 – 8 %
Community fees are only 65 € / month, IBI 320 € / year and basura 85 € / year, making this property particularly attractive for investors.
A perfect opportunity for buyers looking for a renovation project with strong upside, lifestyle appeal and high rental returns on the Costa del Sol.
Property Features
- 2 bedrooms
- 1 bathroom
- 80m² Build size
- Swimming Pool
- South-west orientation
- Communal garden
- Communal pool
- Amenities near
- Transport near
- Private terrace
- Fitted wardrobes
- Gated community
- Lift
- Unfurnished
- Close to sea / beach
- Close to golf
- Uncovered terrace
- Renovation Needed
- Close to shops
- Close to town
- Close to schools
- Internet - Fibre optic
- Close to restaurants
Costing Breakdown
* 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.
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Mortgage Result
* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
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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%.
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