Fuengirola with its central location in the middle of the Costa del Sol is a real gem for those who want an active life on holiday! The town is incredibly international with a large population of Scandinavians. There is a vibrant everyday life with lots of industries and businesses run by Spaniards. The city is also popular with Spanish families from Madrid and the rest of northern Spain. They have their summer homes in this lively city.
A major advantage is its location. Fuengirola is the terminus of the train from Malaga. It runs via the airport to many stations along the line and ends in the centre of the city in Fuengirola. For a few euros you can get to the centre of Malaga in about 40 minutes. A car is really superfluous because in Fuengirola you get to everything by walking, to the airport you take the train and the beach is at your feet all along the city!
We who live in Fuengirola enjoy being able to go out into town and in a few 100 metres have all the service we need, whether it is a veterinary visit with the dog or a freshly fried churro for the coffee.
This apartment is simply superb. It works well for those who have a company and want an employee benefit or for those who are looking for a good holiday apartment in the middle of the action. The three bedrooms provide an extremely high rental potential. Several couples can live well in the apartment with each bedroom and bathroom. Certainly small living room and kitchen but what does it matter when you take the lift to breakfast, lunch and dinner. Wake up, have a coffee on the balcony, check out where to chill on the beach today, take a shower and put on your swimming trunks! Then enter the lift for about 10 seconds and arrive at the beach.
Buy it as an investment. In high season you can rent it out for around €3000 per week. See other 3-bedroom first line rentals in Fuengirola on AirBnb for example. Say you rent out about 12 weeks in high season, you’ll end up with about €36,000. Rent out another 12 weeks in mid-season for about €25,000. Rent out long-term in the low season, for example 5 months for about 9000 euros. Total potential with a few weeks left for yourself is an income of about 70000 euros. After tax about 55000 euros. The capital cost of purchase 549000 x 5% about 30000 euros. A pure net profit of about 25000 euros / year.
The furniture you see in the pictures is delivered by North By North in Fuengirola. The whole package can be purchased separately when buying the apartment. The price for everything is 9500 euros and is paid by invoice from North By North. A super simple solution to quickly start renting out or moving in. If you want, North By North can furnish the rest for you and you can start renting right away. We at Svoy can provide help with the rental for about 20% of the gross income you have on the rental. Then you only have the problem of what to do with the rents that end up in your bank account! We take care of the rest!
Price of property