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€499,000

4 Bedroom Detached Villa

El Faro, Costa del Sol, Málaga
Property Type - Detached Villa
Bed 4
Bath 4
resize 175m²
resize 461m²
R5447089
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Property Details

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.

Property Details

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.

Property Features

Fair Condition
Air Conditioning Climate Control
Close To Golf
Close To Shops
Close To Sea
West Orientation
Communal Pool
Garden Views
Covered Terrace
Near Transport
Private Terrace
Fully Furnished Furniture
Fully Fitted Kitchen
Communal Garden
Private Garden
Electricity Utilities
Drinkable Water Utilities
South Orientation
WiFi
Sea Views
Street Parking
Double Glazing
Open Parking
Investment
Guest Apartment
Cheap
Suburban

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