Located in the Capuchinos district of Málaga, this residential building presents a renovation opportunity in a sought-after urban setting. The property comprises six apartments and a ground-floor commercial unit, totalling approximately 420 m². It is situated within walking distance of Málaga's historic centre, the University of Málaga, and the Civil Hospital, making it attractive for both short-term and long-term rentals. The building includes a lift and a communal rooftop terrace.
Key characteristics of location, homes, project phase and points of attention.
The building's location in Capuchinos places it within easy reach of Málaga's key amenities. Its proximity to the historic centre and educational institutions enhances its appeal. This setting offers a blend of urban convenience and accessibility to local attractions.
This property suits those looking for a renovation project with multiple potential uses. The existing layout allows for conversion into residential units, tourist accommodation, or a coliving space. The range of apartment sizes offers flexibility for various rental strategies.
The project involves a full refurbishment of the existing building, including optimising the apartments and renovating communal areas. The expected completion date is the end of 2025, with the asset delivered fully finished and compliant with current building regulations.
As a renovation project, this property requires a full refurbishment. It also faces north-east, which might limit direct sunlight exposure at certain times of the day. The property is categorised as resale, not new construction.
This property is particularly suited to investors interested in urban regeneration projects. It would appeal to those looking to develop residential units or tourist accommodation in a high-demand rental area. Its proximity to the University of Málaga and the Civil Hospital makes it ideal for long-term and short-term rentals. The building's layout and features also support a coliving model, offering various exploitation options. The location benefits from Málaga's ongoing urban regeneration, promising potential for capital appreciation.
The project involves a comprehensive refurbishment of the building. This includes optimising the existing apartments, renovating communal areas, and converting the ground-floor commercial unit. The refurbishment aims to bring the building up to current building regulations. The existing lift is a valuable feature, and the communal rooftop terrace provides additional amenity space.
The property is listed from €1,200,000. This price reflects the building's potential and location. The total built area is approximately 420 m², comprising six apartments and a ground-floor commercial unit. The turnkey price, including full renovation, is €1,800,000, while the price without renovation is €1,300,000.
Living in Capuchinos offers a blend of urban vibrancy and local convenience. The area's proximity to Málaga's historic centre allows residents to easily access cultural landmarks and entertainment venues. Daily life includes exploring local shops, enjoying the rooftop terrace, and benefiting from nearby educational institutions and hospital services. The area's active rental market also contributes to the dynamic atmosphere.
Capuchinos is a district within Málaga that benefits from urban amenities and local services. Residents can easily access a variety of shops, restaurants, and cultural attractions. Public transport is readily available, with multiple lines and stops in the area. The location also offers convenient access to educational and healthcare facilities, enhancing the area's appeal for long-term residents and renters.
The map highlights the property's location in the Capuchinos district of Málaga, within easy reach of the historic centre and key amenities.
Located in Málaga, this property benefits from the city's position as a major urban centre on the Costa del Sol. Málaga offers a blend of historical charm and modern amenities. It is well-connected to other cities along the coast and provides a central hub for exploring the wider region.
The property is a short walk from Málaga's historic centre. Málaga-Costa del Sol Airport is approximately 10 km away, providing international connectivity. While there are no golf courses immediately nearby, the city offers various recreational opportunities. The beach is within a reasonable distance, allowing residents to enjoy the Mediterranean coastline.
| Valencia (VLC) | 299 km |
| Alicante-Elche (ALC) | 336 km |
Source: OpenStreetMap, Google Maps
Málaga enjoys a Mediterranean climate with average temperatures ranging from 11°C to 26°C. The area benefits from approximately 3,785 hours of sunshine per year, offering ample opportunities for outdoor activities. The swimming season lasts about four months when the water temperature is consistently above 20°C. The city's elevation of 237m above sea level contributes to a pleasant climate.
Source: Open-Meteo (2020–2025 average)
Málaga offers access to several beaches along the Costa del Sol. While specific Blue Flag beaches near Capuchinos would require local verification, the coastline provides various recreational options. The city also features numerous sports facilities, contributing to a vibrant and active lifestyle. The nearby historic centre offers cultural experiences.
Source: OpenStreetMap
Located in Málaga, this property benefits from the city's position as a major urban centre on the Costa del Sol. Málaga offers a blend of historical charm and modern amenities. It is well-connected to other cities along the coast and provides a central hub for exploring the wider region.
| Month | Avg. Temperature | Rainfall |
|---|---|---|
| January | 11.3°C | 41 mm |
| February | 11.6°C | 32 mm |
| March | 13.8°C | 44 mm |
| April | 15.8°C | 55 mm |
| May | 19.0°C | 21 mm |
| June | 22.8°C | 13 mm |
| July | 25.7°C | 3 mm |
| August | 26.3°C | 28 mm |
| September | 23.3°C | 38 mm |
| October | 19.8°C | 43 mm |
| November | 14.8°C | 72 mm |
| December | 12.1°C | 46 mm |
Ref: VL289323
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
Compared to projects in areas like San Pedro de Alcántara (VL950427), Las Chapas (VL156013), and Elviria (VL809901), this property in Málaga offers a different urban dynamic. While those areas provide coastal or suburban settings, Capuchinos offers direct access to Málaga's city centre and cultural amenities. The price point is competitive, considering the potential for renovation and the building's location in a high-demand rental area. This property may appeal to investors seeking urban regeneration opportunities.
Maiko is a real estate expert specialising in the Spanish housing market. With in-depth knowledge of the Costa del Sol, Costa Blanca and other popular coastal regions, he helps buyers find the right property. He analyses properties based on location, market value, construction quality and liveability, and provides honest, data-driven advice throughout the purchase process.
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