1 bedroom apartment in Benalmadena, Malaga, Spain

From a buyer's perspective, this property in Benalmádena, Málaga seems to be an excellent investment and lifestyle purchase. It is a 50m2 apartment located on the 4th floor with a west-facing direction and is part of an urbanization with gardens and a large swimming pool, including slides. The apartment offers 1 bedroom, a living room with a fully equipped open-plan kitchen, and 1 bathroom. Additionally, the property has air conditioning in both cold and hot modes. As for the neighborhood, it is conveniently close to amenities such as shops, supermarkets, and restaurants. It is also located next to a taxi rank and only 600 meters from the beach and 400 meters from La Paloma Park. For a real estate investment, this property offers a few advantages: 1. Ideal location: The proximity to the beach, amenities, and transportation options makes it an attractive location for rental visitors. 2. Amenities: The apartment is part of a gated community with well-maintained gardens and a large swimming pool, which can be a big draw for potential tenants. 3. Crowd: The Benalmádena area attracts a variety of tourists, from families to couples, and more extended stays, making it more likely to have consistent renters throughout the summer months. However, there are some drawbacks to consider: 1. Price: The monthly price of 700€/month might be considered high for the area, especially compared to competitors offering similar units. 2. Limited budget: The added costs for utilities, such as electricity, and a security deposit, may also increase the overall price and make it less affordable for some buyers. 3. Lifestyle restrictions: Pets are not allowed, which might exclude potential renters. As a lifestyle purchase, this apartment in Benalmádena offers the convenience of easy access to the beach, amenities, and public transportation while maintaining a comfortable distance from the hustle and bustle of more popular areas like Malaga city. Its well-maintained gardens and large swimming pool within the urbanization would also contribute to a pleasant and relaxed living experience. However, keep in mind the following factors: 1. Limited space: Despite its 50m2, the apartment only has 1 bedroom, which might be too small for families or group vacations. 2. Price: Ensuring that rent continues to cover the monthly incurred costs could be challenging with such a high starting price. 3. Restrictions: No pets are allowed, which could limit the apartment's appeal to certain potential renters. Overall, the property in Benalmádena offers attractive benefits for both real estate investors and those considering it as a lifestyle purchase. However, it also comes with drawbacks that need to be weighed and considered before making the final decision.