Apartment for sale in Malaga €229.000

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.

⸻

✨ 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.

⸻

⭐ 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