1 bedroom apartment in Torremolinos, Malaga, Spain

From a buyer's perspective, this property offers the following benefits: 1. Prime location: The property's first-line beach position in Torremolinos, Málaga, provides easy access to the beach and local amenities, offering an unparalleled seaside lifestyle. 2. Rent price: With an asking rent of 850€/month (including WiFi and water), the property offers a competitive rental option for those looking to enjoy the Mediterranean lifestyle without a significant financial commitment. 3. Amenities: The fully-fitted kitchen with all appliances, including a dishwasher, ensures a comfortable and efficient living space. The spacious terrace offers stunning views, making it an ideal location for relaxation and entertaining. 4. Hospitality hub: Located near the Lido square, D. Marco, D. Pedro, and D. Pablo Hotels, the property provides easy access to a vibrant social scene and a wide array of dining and entertainment options. 5. Convenience: Supermarkets, restaurants, and other essential services are only a short walk away, making the apartment a great choice for those looking for a convenient and nearby lifestyle. For a real estate investment, the property can have the following potential advantages: 1. Rental income: The reported rent of 850€/month (including WiFi and water) can provide a steady stream of income for investors looking for a cost-effective and potentially lucrative investment. 2. High demand: With its spectacular beachfront location and convenient amenities, the property is likely to attract a high level of interest from potential renters, ensuring a steady demand for rentals. 3. Appreciation potential: With the recent surge in demand for beachfront properties and the beautiful coastal location, the property may have strong potential for appreciation in value over time. However, it is important to consider the following challenges and potential drawbacks: 1. Economic solvency requirements: Proving economic solvency as a tenant may pose challenges for some individuals or families, potentially limiting the pool of potential renters. 2. Limited flexibility: Given the minimum 6-month rental contract and the specific availability period from October 1, 2024, to May 31, 2025, the property's flexibility may not suit all renters' needs. 3. Electrical expenses: The omission of electrical costs in the monthly rent may result in additional expenses for tenants, which is an important factor to consider when budgeting for the property. Overall, the property offers a compelling combination of location, amenities, and competitive rent for potential renters looking for a seaside lifestyle. However, potential investors should carefully weigh the challenges and constraints associated with this property to ensure a successful investment experience.