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Village house in Centro, Nerja
Village house in Centro, Nerja — image 2Village house in Centro, Nerja — image 3Village house in Centro, Nerja — image 4Village house in Centro, Nerja — image 5
Grade Cvillabudget

Village house in Centro, Nerja

Nerja · Nerja · Málaga

€629,000

Asking Price (EUR)

STR Restriction Warning

Andalucía VFT: registration is via the Registro de Turismo de Andalucía. New STR can be blocked by the community of owners (2024 reform) and saturated Costa del Sol zones are tightening — verify the VFT registration and any municipal limits with the agency.

0.4%

Net Yield (after tax, all-in)

0.4%

Managed ROI (after tax)

3.4%

Gross Yield

46%

Occupancy

Net yield is after Spain's non-resident rental income tax (modelled at the non-EU 24% rate on net profit; EU/EEA residents pay 19%) and assumes deductible STR expenses — standard for EU/EEA owners and, per recent rulings, available to non-EU owners; confirm with a Spanish tax adviser. Holiday lets don't qualify for the 60% long-term-rental reduction.

Projected Gross Revenue: €24,045/yr
Average Daily Rate: €156
-38.0% vs area baselineImage quality 4/10 (-9%), Dated style (-15%), No pool (-12%), Has sea (+10%), Budget finish (-12%)
Net Yield (after tax): 0.4%
Payback Period: 273.6 years
5-yr Capital Value: €729,183
10-yr Capital Value: €845,323
Brixfox Score: 39.4 / 100

True Investment Cost

Spanish transfer tax + notary + registry + legal + furnishing & STR launch setup.

€713,141

+13.4% over asking

Asking price€629,000
itp€44,030
legal€7,611
furnishing€30,000
notary registry€2,500
All-in investment€713,141

Estimates use Spain's resale transfer-tax (ITP) schedule by region plus notary, registry and legal fees; furnishing & STR launch covers furniture, appliances, the tourist-licence setup and launch photography. Actual notary & legal vary — budget extra for surveyor, due-diligence and bank-mortgage fees if financing. Working capital (2–3 months operating buffer) not included.

Bedrooms: 2
Bathrooms: 2
Building: 376 m²
Land: 150 m²
Style: dated
Condition: needs-renovation
Year Built: 1970
Energy Certificate: In process
sea

STR Licence Status Unconfirmed

Short-term-rental licence unconfirmed — verify before purchase. In moratorium regions (Balearics ETV, Canaries VV) only an existing, transferable licence reliably permits Airbnb-style letting.

Score Breakdown

ROI
1.48
Visual Appeal
7
Ownership Security
13
Location
8.4
Land & Space
2.93
Rental Demand
4.57
Payback Speed
0
STR Suitability
2

Description

Incredible town house to renovate and expand, in Nerja, on a 150m² plot, just 100 meters from the Balcón de Europa and a 3-minute walk to the beach. It is located in the heart of the town, close to the most popular places and a short walk from the most beautiful beaches in Nerja. It is a unique opportunity since there

Location

📍 36.7475°, -3.8784°

Nerja, Málaga, Spain

Listed by CG Real Estate via Idealista.com
2-bedroom freehold villa in Nerja — photo 1 of 5
Idealista.com
2-bedroom freehold villa in Nerja — photo 2 of 5
2-bedroom freehold villa in Nerja — photo 3 of 5
2-bedroom freehold villa in Nerja — photo 4 of 5
2-bedroom freehold villa in Nerja — photo 5 of 5

Village house in Centro, Nerja

Nerja · Costa del Sol · Ref BF-14392 Source verified · Idealista.com · listed 21 Jun 2026
Asking price · Freehold
$683,696
Ownership
Freehold
Bedrooms
2
Bathrooms
2
Built area
376 m²
Land
150 m²
True net yield
0.4%
≈ $926/mo net after costs & tax
5-yr total return (net + appreciation)
6.5% / yr avg
Payback in ~274 yrs from rent
Brixfox Score 39 · C

What nearby Airbnbs actually earn

Brixfox tracks the live availability calendars of Airbnb listings around this property. The rates and occupancy below are observed from real bookings — this is the data behind every yield figure on this page.

Location

Nerja

Costa del Sol, Approximate area

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Airbnb Comp Analysis

Finding Airbnb comps...

STR Restriction Warning

Andalucía VFT: registration is via the Registro de Turismo de Andalucía. New STR can be blocked by the community of owners (2024 reform) and saturated Costa del Sol zones are tightening — verify the VFT registration and any municipal limits with the agency.

After-tax basis: net yield is after Spain's non-resident rental income tax, modelled at the non-EU 24% rate on net profit (EU/EEA residents pay 19%). Assumes deductible STR expenses — standard for EU/EEA owners and, per recent rulings, available to non-EU owners; confirm with a Spanish tax adviser. Holiday lets don't qualify for the 60% long-term-rental reduction.

Income Breakdown

Figures are modelled estimates derived from comparable short-term-rental data — not guaranteed returns or financial advice. Do your own due diligence before investing.

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$169/night
50% ($85)Brixfox estimate($169/night)200% ($339)
Occupancy
46%
10%Brixfox estimate(46%)100%

Short-Term Rental

Indicative
Yearly income
$14,636
Likely range $8,782 – $20,490
Airbnb data$169/night · 46% occupancy
Rental income
$169/night · 46% occ.
$26,136
Running costs (20%)
Utilities, cleaning, maintenance
-$5,227
Income tax (24%)
Non-EU IRNR on gross rent
-$6,273
Net income
2.1% ROI
$14,636

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Nerja.

$3.1M$2.3M$1.5M$771K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $629K
Capital appreciation
Property value growing at +4%/yr based on Nerja market trends.
Rental income
Cumulative net rental earnings collected over time, growing with annual revenue increases.
Total return
Capital value + rental income. Your actual total position if you sold and kept all rent.
Paid back
Year 30: rental income alone has repaid the full purchase price.
2x return
Year 14: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$765K
+22%
Rental Income
+$71K
Total Position
$837K
+33%
5.9%/yr
Year 10
Capital Value
$931K
+48%
Rental Income
+$154K
Total Position
$1.1M
+73%
5.6%/yr
Year 20
Capital Value
$1.4M
+119%
Rental Income
+$362K
Total Position
$1.7M
+177%
5.2%/yr
Year 30
Capital Value
$2.0M
+224%
Rental Income
+$641K
Total Position
$2.7M
+326%
5.0%/yr
Turnkey Management

Your property, professionally managed

Buying from abroad? You won't lift a finger. A vetted local management partner is already connected to this listing — ready to run it as a short-stay rental from day one, so the Managed projections above are something you can actually rely on.

Vetted by Brixfox 6+ yrs operating 90+ properties managed ~2h guest response

Mediterráneo Stays

Vetted

Licensed VUT/VV management on the Costas & islands

21%
Management fee
of rental revenue — already in your Managed figures

Vivienda de uso turístico management for overseas owners. Regional licensing, national registry (Registro Único) and full guest operations.

What the fee covers

  • Listing setup & optimisation (Airbnb, Booking.com, VRBO)
  • Dynamic pricing & revenue management
  • 24/7 multilingual guest communication
  • Guided check-in / check-out & key handling
  • Professional cleaning, laundry & restocking
  • Maintenance & repairs coordination
  • Monthly owner statements & payouts
  • Guest screening & damage protection
  • Regional STR licence (VUT/VV/HUT) & national registry handling
  • Pool & garden upkeep
Visit Mediterráneo Stays

Ask Brixfox AI

Conversational analysis — questions about this listing, answered from real data.

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Weak
2.1% annual return
Occupancy
Average
46% average occupancy
Nightly Rate
Good
$156 per night
Visual Appeal
Weak
3/10 instagrammability
Size & Space
Weak
150 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 2.1% is below the market average — model your cashflow carefully

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
1.5%
$865/mo
40% occ.
2.0%
$1,154/mo
46% occ.
2.3%
$1,317/mo
current
56% occ.
2.8%
$1,606/mo

Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Market factors in Spain may impact actual yields.