2 bedrooms apartment in Torremolinos, Malaga, Spain

Description of the property: Centrally located in Torremolinos, Málaga, this newly renovated 63m2 apartment offers 2 bedrooms, 1 bathroom, and 1 toilet. Features include a kitchen and living room. Buyer perspective: The property's central location and modern renovations make it appealing for both investors and those seeking an up-to-date living space. Being close to essential amenities like bus stops, shops, and supermarkets adds to its convenience. Ideal for long-term renters looking for a cozy and well-equipped apartment. Real estate investment: At a monthly rent of 1,000€, and a required deposit of 1 month (1,000€), the property provides a potential return of 12% annually (without considering potential rent increases). This could be an attractive investment opportunity for those looking for stable cash flow and moderate returns. However, the investment may also make it challenging for beginners or those with a limited budget to enter the market. Lifestyle purchase: The property offers modern comforts, prime location, and proximity to everyday necessities, ensuring a convenient and comfortable lifestyle. It is suitable for individuals or couples seeking a long-term rental in a popular and trendy area. Torremolinos is famous for its beaches and vibrant atmosphere, making it an excellent choice for those who want to enjoy the Mediterranean lifestyle. In conclusion, this property has potential as both a lifestyle purchase and a real estate investment. However, the high rent and required deposit may make it less accessible for some, especially those with limited financial resources.