Terraced house in Churriana - La Noria, Málaga
Terraced house in Churriana - La Noria, Málaga — image 2Terraced house in Churriana - La Noria, Málaga — image 3Terraced house in Churriana - La Noria, Málaga — image 4Terraced house in Churriana - La Noria, Málaga — image 5
Grade Dvillabudget

Terraced house in Churriana - La Noria, Málaga

Málaga · Málaga · Málaga

€330,000

Asking Price (EUR)

Licence regime in this region

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.

Indicative figures

The listing's portal field states full renovation (class D): as listed the home cannot be let, so it is not ranked on yield, and the rental projection is the finished house's.

The rental projection rests on limited comparable data (6 comps, 67% confidence).

32%

Occupancy

Projected Gross Revenue: €38,417/yr
Average Daily Rate: €360
5-yr Capital Value: €382,560
10-yr Capital Value: €443,492
Brixfox Score: 42.5 / 100
Comparable Properties: 6
Data Confidence: 67%
Search Radius: 3 km

True Investment Cost

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

€389,593

+18.1% over asking

Asking price€330,000
itp€23,100
legal€3,993
furnishing€30,000
notary registry€2,500
All-in investment€389,593

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: 3
Bathrooms: 1
Building: 134 m²
Land: 185 m²
Style: dated
Condition: needs-renovation
Year Built: 1980
Energy Certificate: G

No licence found on register at this location

The listing states no licence, and no licence on the regional register sits within 50 m of its exact pin. Under Andalusia’s VUT registration (open in most municipalities), obtaining one is the buyer’s task.

A register hit means a licence exists at this location, not that it transfers with the sale: have a Spanish lawyer verify the transfer clause in the deed, the licence’s current status and the municipality’s renewal position before you commit.

AI Investment Summary

D investment in Málaga. Score 42.5/100. Net yield 2.2% after works (as listed withheld: condition class D, works EUR 165,825 mid) | Occupancy 32% | ADR $360 | No STR licence on record

Score Breakdown

ROI
8.66
Visual Appeal
4.6
Ownership Security
13
Location
9.36
Land & Space
4.8
Rental Demand
3.16
Payback Speed
1
STR Suitability
2

Description

Nacho Gómez Fortuny 18:56 (0 minutes ago) to me LA FINCA GRUPO INMOBILIARIO exclusively presents this wonderful terraced house in the heart of Churriana. Discover this charming home, an excellent opportunity for those looking for a house with personality, private outdoor spaces, and great potential for appreciation,

Location

📍 36.6749°, -4.5098°

Málaga, Málaga, Spain

Listed by INMOBILIARIA LA FINCA via Idealista.com

Price
$375,512
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Terraced house in Churriana - La Noria, Málaga

Málaga · Costa del Sol · Ref BF-296338Source · INMOBILIARIA LA FINCA · listed 1 Nov 2026
Asking price
$375,512
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Spain ownership, tax and letting rules

Bedrooms
3
Bathrooms
1
Built area
134 m²
Land
185 m²
Condition
Full renovation
(portal field)
Brixfox Score 43 · DFinancial analysis ↓

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Get revenue, ROI calculations, AI audits, and investment scores for every property.

Licence regime in this region

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.

No licence found on register at this location

The listing states no licence, and no licence on the regional register sits within 50 m of its exact pin. Under Andalusia’s VUT registration (open in most municipalities), obtaining one is the buyer’s task.

A register hit means a licence exists at this location, not that it transfers with the sale: have a Spanish lawyer verify the transfer clause in the deed, the licence’s current status and the municipality’s renewal position before you commit.

Financials

What it earns, what it costs to own, and the net yield

Financial analysis
· After works · estimate
Fully managed is the Brixfox Standard shown on every card: a full-service manager's commission, charged on top of the Airbnb/Booking channel fees (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission; the channel fees stay, because the platform is paid whoever manages, and you pay staff/local operations, a higher cleaning residual and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldCondition D, full renovation (portal field: “Second hand/needs renovating”). Works on rate card WRC-2026.10: full renovation €660–1,320/m² × 134 m², €165,825 at the midpoint with 10% fees and 15% contingency. All-in after works €555,418.
Gross yield · all-in after works
As listed, this home cannot be let: the figure is the yield after the works below.
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Málaga — live calendar data.

No Airbnb match on file

We have not confirmed this exact property on Airbnb, so it carries no operating history here. The figures above rest on the comparable set — a launch scenario, not a track record.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR is the expected BOOKED rate — nearby asking prices corrected by our measured, market-calibrated asking-to-booked factor. Occupancy is calibrated against tracked reference homes nearby. Comp cards below show raw asking prices.
Expected ADR
$379
Expected booked rate (market-calibrated)
Expected occupancy
32%
Full-year estimate, market-calibrated
Projected annual revenue
$43,715
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
Seasonal occupancy pattern
Peak Aug +44% · Low Dec -28%
J
F
M
A
M
J
J
A
S
O
N
D
Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
€
Acquisition costs· 9.0% of price, auto-calculated
$33,674
ITP (impuesto de transmisiones patrimoniales)$26,286
Notary, Registro & gestoría$2,845
Legal & due diligence$4,544
Works· rate-card guide, in the all-in
$188,695
Renovation (guide, full renovation)· full renovation €660–1,320/m² × 134 m² · rate card WRC-2026.10$150,956
Professional fees 10%· Architect or engineer, on the renovation line$15,096
Contingency 15%· On the renovation line$22,643
Renovation budget· the guide works above are already in the all-in — enter only works beyond them
€
Furniture & STR launch
€
All-in after works
$632,019
+68.3% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
Gross annual revenue
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Rental management
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Booking channel fees
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Cleaning & consumables
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Utilities (electricity, water, pool, garden)
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Property tax (IBI)
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Maintenance reserve
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Insurance
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Accounting & Modelo 210 filing
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IRNR (non-resident income tax)
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Net operating income
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Net yield on all-in investment
••%

IRNR is charged here at the non-EU/EEA non-resident rate on the net letting profit (Modelo 210). An EU or EEA resident owner pays 19% on the same base. Financing is not modelled.

Rental yield + value growth

Your net rental yield plus a yearly rise in the property's market value (land and building) that you choose. Value growth is an assumption, not data — which is why it starts at 0% and is kept out of the yield figures above.
Property value growth per year · your assumption0%
0%4% · Málaga 5-yr avg — historical, not a forecast8%
Yield + value growth
••/yr
••% net yield + 0% value growth
Value growth figures are illustrative only. Past regional price growth does not predict future performance; local supply, regulation and currency moves can materially change outcomes. Not financial advice.
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Spain ownership, tax and letting rules

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Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Málaga · Costa del Sol

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Verdict

Score, and what could go wrong

Same net-yield basis as the financial analysis

Brixfox Score

43D
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Risk & what-if

TenureFreeholdno lease decay · no amortisation
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Property Underwriting Report

PDF report · one-time purchase · this property

  • The page’s own figures, line by line
  • Every purchase cost and the all-in total
  • Occupancy and offer-price what-ifs
  • Spain ownership, tax and letting rules

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Modelled from live Airbnb calendar data around this property · operating costs per line, editable in the P&L · estimates, not financial advice.Data sources & methodology ›

ROI calculations use Brixfox Intelligence rental data from tracked Airbnb calendars. Operating costs are modelled per line — Airbnb/Booking channel fees whoever manages, then either a full-service management commission or the staff/local operations a self-managing owner buys back, cleaning residual, utilities & insurance, local taxes — with every rate editable in the Financial analysis P&L above. Gross revenue is identical in both management scenarios. Market factors in Spain may impact actual yields.