Ground Floor Apartment in MálagaWe 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
Features
Lift
Near Transport
Setting
Beachside
Close To Port
Close To Shops
Close To Town
Close To Schools
Community Fees: €0 / monthly
Basura Tax: €0 / annually
IBI Fees: €0 / annually
Highlights
Reference
R5251012
Price
€229,000
Location
Málaga
Area
Málaga
Property Type
Ground Floor Apartment
Bedrooms
2
Bathrooms
1
Plot Size
0 m2
Built
61 m2
Terrace
0 m2
More Information
"*" indicates required fields
Similar Properties
Málaga Ground Floor Apartment
3
2
105 m2
0 m2
€575,000
Step into a space where design meets tranquility.
This freshly renovated 105 m² apartment on Calle Duquesa de Parcent combines timeless Scandinavian elegance with the light and rhy ...
Málaga Ground Floor Apartment
2
2
100 m2
0 m2
€850,000
Just a few steps from the historic Atarazanas Market, this duplex penthouse offers a rare mix of character and modern design. The building has been fully renovated, preserving its ...
Málaga Ground Floor Apartment
3
2
188 m2
0 m2
€1,250,000
Welcome to a truly exceptional opportunity in one of the most prestigious and exclusive buildings on Paseo de Reding. This unique apartment boasts incredible potential and exudes t ...
Málaga Ground Floor Apartment
4
4
337 m2
0 m2
€1,300,000
This exceptional duplex penthouse residence is situated in the upper area of the prestigious Cerrado de Calderón urbanization in Málaga. The property boasts a sought-after south-fa ...
Málaga Ground Floor Apartment
3
2
106 m2
0 m2
€2,200,000
????✨ **Exclusive Opportunity in the Heart of Málaga!** ????
Nestled in Málaga’s most iconic square, this exceptional property is a rare find in a charming 1900s building. Enjoy s ...