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sale 479061 HFMl5447089 https://homefindermarbella.com/en/property/sale/hfml5447089/el+faro-detached+villa/ 36.505000 -4.707000 499000 en 6LfEhCETAAAAAKDvjClG0QeebaOAM-LjAqF6PvUh

4

Bedroom

4

Bathroom

175m²

Built

461m²

Plot

detached villa in El Faro

€499,000

An excellent investment opportunity in the sought-after El Faro area of Mijas Costa. This detached villa has been thoughtfully divided into three independent properties, offering immediate rental income together with excellent future flexibility. Only 5 minutes walking to the beautiful beaches.

The ground floor comprises two self-contained one-bedroom apartments, each with its own living room, kitchen, bathroom and private garden. One apartment is currently vacant, providing immediate occupancy or rental potential, while the second is tenanted until 29 October 2029, generating established rental income. Renovation would lead to a much higher ROI on the rentals.

The upper floor offers a spacious two-bedroom apartment, with the potential to create a third bedroom if required, currently used as an open office space. This accommodation includes a generous living area, separate kitchen, two bathrooms, a private roof terrace and direct access to the garden. The upstairs apartment is currently let until October 2028, although the possibility of negotiating an earlier surrender of the tenancy can be discussed. The property also benefits from access to the communities shared pool.

Set on a private plot of approximately 461m², the property offers exceptional versatility. It is ideal for investors seeking multiple income streams, buyers looking to live in one property while renting the others, or multi-generational families requiring independent ‌living ‌accommodation. ‌Located ‌just ‌minutes ‌from the beach, ‌amenities and ‌transport ‌links, ‌this ‌is ‌a ‌rare ‌opportunity to acquire a ‌property with both ‌immediate ‌income ‌and ‌significant ‌long-term ‌potential.

Features

  • Setting: Suburban, Close To Golf, Close To Shops, Close To Sea.
  • Climate Control: Air Conditioning.
  • Features: Covered Terrace, Near Transport, Private Terrace, Wifi, Guest Apartment, Double Glazing.
  • Furniture: Fully Furnished.
  • Utilities: Electricity, Drinkable Water.
  • Category: Cheap, Investment.

Overview

  • Reference: HFMl5447089
  • Property Type: detached villa
  • Bedroom: 4
  • Bathroom: 4
  • Parking: No
  • Garden: Yes
  • Pool: Yes
  • Built: 175m²
  • Terrace: 0m²
  • Plot: 461m²
  • Energy Rating: 0.00
  • Energy Value:
  • Year Completed: 1987
  • IBI Fee: €0
  • Community Fee: €0
  • Garbage Fee: €0

Tell me more

  • Tell me more about El Faro
    El Faro is a coastal area located in Mijas Costa, Málaga, Andalusia, Spain, characterized by its lighthouse (faro) and its proximity to the Mediterranean Sea. It offers a mix of residential properties, including apartments and villas, often with sea views. The area is known for its relaxed atmosphere and easy access to small coves and beaches. El Faro provides local amenities such as restaurants and beach bars, making it a popular choice for those seeking a tranquil seaside home with direct access to the coast.
  • How far is this property from the nearest airport?
    El Faro is 35km from the nearest airport, approximately 35 minutes driving time.
  • What are the annual runing costs of this property?
    The annual running cost are €0 consisting of IBI €0 (Impuesto sobre Bienes Inmuebles' or Council Tax), Community Fees €0 and Garbage €0.
    * Based on current information; values are subject to revision.
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