Apartment for sale

Description

We present a fantastic opportunity located in one of Málaga's most in-demand and fast-growing areas: El Molinillo – Capuchinos, just a few minutes' walk from the Historic Centre and surrounded by shops, services, and public transport.

Main Features
•Built area: 61 m²
•Price: €229,000
•Condition: To renovate
•Building with lift
•Exterior orientation – very bright

The property offers a comfortable and functional layout and is distributed as follows:
✔ Two spacious bedrooms
✔ One bathroom
✔ Living–dining room
✔ Independent kitchen

Thanks to its natural light, distribution, and potential, this apartment can easily be transformed into a modern home or a profitable investment project.

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✨ Renovation Potential & ROI Estimation

???? Estimated Renovation Cost

(for a full modern refurbishment including kitchen, bathroom, installations, flooring and finishes of medium–high quality):
•Renovation estimate: €750–€900/m²
•Total estimated cost (61 m²): €45,000 – €55,000

???? Market Value Once Renovated

Fully renovated apartments in the Capuchinos–Molinillo area currently sell between €3,800 and €4,500/m², depending on quality and natural light.
•Estimated resale value once renovated:
• 61 m² × €3,800/m² = €231,800
• 61 m² × €4,500/m² = €274,500

???? Estimated Value Increase

Depending on the quality of the renovation:
•Potential value increase: +€25,000 to +€45,000
•Excellent option for investors, first-time buyers, or rental investment given the strong demand in the area.

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⭐ Why This Property Stands Out
•High-growth neighbourhood
•Strong demand for annual and mid-term rentals
•Building with lift
•Bright and well-distributed interior
•Ideal to customise or create a value-add investment