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Mijas, Andalusia, Spain

Investment Opportunity: 5-Bedroom House in Mijas Pueblo

€399,000

€1,946/m²

Great value50% below the typical price per m² for houses in Mijas
5
Bedrooms
3
Bathrooms
205 m²
Interior
House
Type
1 week ago
Listed

The Habio take

AI summary

Discover a unique investment opportunity in Mijas Pueblo, featuring a semi-detached house with three independent apartments. Located near the historic centre, this property is perfect for holiday rentals or as a renovation project.

  • investment
  • family
  • historic
  • quiet

Highlights

  • Five bedrooms across three independent apartments
  • Panoramic views from the duplex penthouse solarium
  • Fully equipped renovated apartments
  • Prime location near Mijas Pueblo centre
  • Potential for high rental returns

Worth knowing

  • Penthouse requires complete renovation
  • Some updating needed for the building

Good fit for: Ideal for investors seeking strong rental potential in a popular tourist area.

Lifestyle scores

Beach
75
Walkable
85
Remote work
60
Family
70
Retirement
65
Airport access
70
Investment
80
Luxury
50
Value
75

About this place

This investment opportunity in the heart of Mijas Pueblo offers a complete building with great potential, ideal for generating high returns through vacation or residential rentals. Just steps from the historic centre, the property comprises three fully independent apartments: a one-bedroom apartment, a two-bedroom apartment with a private interior patio, and a stunning two-bedroom duplex penthouse featuring a large private solarium and spectacular panoramic views of the Mediterranean Sea and Sierra de Mijas.

The one-bedroom and two-bedroom apartments are fully renovated and come equipped with kitchens and bathrooms. The penthouse requires complete renovation, presenting opportunities for customisation and enhancement. Although the building needs some updating, its current condition allows for the enormous investment potential to be realised without excessive development time or costs.

Located amidst the picturesque streets of Mijas Pueblo, this property is surrounded by restaurants, shops, and viewpoints. The combination of tranquillity and high tourist demand year-round makes this location particularly appealing. Such complete buildings with independent dwellings and captivating views are rare on the market, especially at this competitive price.

Where you’ll be

Mijas, Andalusia, Spain

Exact location is confirmed by the agent on enquiry.

ES

Buying property in Spain

Full guide →

Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.

  • Spain ended its Golden Visa property route in April 2025.

  • Non-resident mortgages are widely available, typically 60–70% LTV.

  • Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.

Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference

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