We present a fantastic opportunity located in one of Málaga’s most in-demand and fast-growing areas: El Molinillo – Capuchinos, just a few minutes’ walk from the Historic Centre and surrounded by shops, services, and public transport.
Main Features
• Built area: 61 m²
• Price: €229,000
• Condition: To renovate
• Building with lift
• Exterior orientation – very bright
The property offers a comfortable and functional layout and is distributed as follows:
✔ Two spacious bedrooms
✔ One bathroom
✔ Living–dining room
✔ Independent kitchen
Thanks to its natural light, distribution, and potential, this apartment can easily be transformed into a modern home or a profitable investment project.
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✨ Renovation Potential & ROI Estimation
???? Estimated Renovation Cost
(for a full modern refurbishment including kitchen, bathroom, installations, flooring and finishes of medium–high quality):
• Renovation estimate: €750–€900/m²
• Total estimated cost (61 m²): €45,000 – €55,000
???? Market Value Once Renovated
Fully renovated apartments in the Capuchinos–Molinillo area currently sell between €3,800 and €4,500/m², depending on quality and natural light.
• Estimated resale value once renovated:
• 61 m² × €3,800/m² = €231,800
• 61 m² × €4,500/m² = €274,500
???? Estimated Value Increase
Depending on the quality of the renovation:
• Potential value increase: +€25,000 to +€45,000
• Excellent option for investors, first-time buyers, or rental investment given the strong demand in the area.
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⭐ Why This Property Stands Out
• High-growth neighbourhood
• Strong demand for annual and mid-term rentals
• Building with lift
• Bright and well-distributed interior
• Ideal to customise or create a value-add investment
