This completed apartment building sits in central Estepona, Málaga, roughly 500 metres from Playa de Estepona and within walking distance of the town's shops, pharmacies and restaurants. Built in 1978 and registered as a single property of 120 m², it is currently configured internally as three separate rental units: a 34 m² one-bedroom unit, a 64 m² two-bedroom unit and a 22 m² rooftop studio with a private terrace of approximately 21 m². The listing price is €350,000. The configuration is directed at the long-term rental market, with the owner estimating gross rental income in the region of €2,000 per month, subject to occupancy and market conditions.
Key characteristics of location, homes, project phase and points of attention.
The property stands in the established town centre of Estepona, at approximately 19 metres above sea level on flat terrain. The nearest beach, Playa de Estepona, lies about 524 metres away, with La Rada at 769 metres. A supermarket is 104 metres away and a pharmacy 237 metres. The general hospital is 1.1 km distant, and Málaga airport approximately 34 km by road.
This is a resale property completed in 1978 and described as being in good condition. No construction phase, off-plan payment structure or developer warranty applies. Any alterations to the internal layout, including the rooftop structure and the division into three units, predate the sale and require independent legal and technical verification by the buyer.
The property is registered as one legal dwelling, not three. The current three-unit division is not reflected in the Land Registry, and the 22 m² rooftop structure is registered separately from the 98 m² main apartment. No communal pool, garden, gym or parking is listed. Buyers seeking a turnkey single residence with modern energy certification should note that no energy label is stated and no dedicated parking space is included.
This property fits a specific investor profile: a buyer seeking an immediately lettable asset in an established town-centre location with year-round tenant demand, rather than a holiday home or a personal residence. The three-unit configuration allows income from two or three separate tenants, diversifying vacancy risk. It may suit buyers who prioritise walkability and tenant access to services over communal facilities, pools or parking, none of which are present. It is less suited to buyers wanting a single large family home: although the registered area could in principle be returned to one dwelling, the current layout is built around three separate units with their own bathrooms and kitchens. Buyers comfortable with the 1978 construction date and the absence of an energy certificate, and prepared to verify the legal status of the internal division and rooftop structure with their own lawyer and technical surveyor, will find here a functioning rental asset in a location where the nearest beach, supermarket and pharmacy are all within a ten-minute walk. It also suits buyers who do not want a car: eight bus lines, fifty stops and flat terrain make daily mobility straightforward. What it does not suit is the buyer seeking new-build warranties, communal amenities or a turnkey legal position. The property requires due diligence specific to its non-standard registry configuration before any commitment.
The property dates from 1978 and is listed in good condition, fully furnished, with fitted kitchens in each unit and air conditioning installed. The interior photography shows a studio kitchen and bed arrangement, bedrooms with modern bedding, a living room with sofa and artwork, and a terrace with table and chairs, indicating a furnished, lettable state rather than a renovation project. No developer specifications apply, as this is a resale. Buyers should expect construction standards of the late 1970s: building physics, insulation values, glazing and electrical installation should be assessed by an independent technical survey rather than assumed to match current building codes. No energy efficiency certificate is stated in the listing data, which is itself a data point: certificates are legally required for sale in Spain, so obtaining and reviewing the certificate should form part of due diligence. Utilities, electricity and drinkable water, are connected. The rooftop structure of 22 m² is recorded in the Land Registry, but its construction quality and compliance with planning rules require verification. The south orientation supports passive solar gain in winter, a practical consideration for heating costs in a climate averaging 19.2 °C annually. In summary, the finish level supports immediate rental use, while the technical baseline, structure, installations, thermal performance, needs independent confirmation rather than inference from the interior presentation.
The asking price is €350,000 for the entire property, effectively €2,917 per m² of registered built area (120 m², comprising 98 m² main apartment and 22 m² rooftop structure). The listing is a completed resale, so availability is immediate upon completion of the standard purchase process. The owner estimates gross rental income of approximately €2,000 per month across the three units, subject to occupancy and prevailing market conditions. For comparison, new-build apartments in Estepona are currently listed from €269,000 (Etherna Homes 2), €304,000 (Etherna Homes 1) and €390,000 (Celestia Homes), which places this property's pricing in the middle of the local range once its multi-unit layout and central location are considered. Transaction costs, notarial fees and any regularisation costs for the internal division are additional to the asking price.
Daily use of this property differs from a conventional apartment because it operates as three self-contained spaces under one roof. Unit B, at approximately 64 m², functions as a conventional two-bedroom apartment with living area, kitchen and bathroom. Unit A, at roughly 34 m², is a compact one-bedroom layout suited to a single occupant or couple. Unit C occupies the rooftop structure with a studio arrangement and a private terrace of around 21 m² facing south, the most distinctive space of the three, with urban and panoramic views over the town toward the coast. The immediate surroundings are those of central Estepona: a supermarket 104 metres away, a pharmacy at 237 metres, and roughly fifty restaurants and twenty-two cafés within a two-kilometre radius. The rhythm of the area is year-round rather than seasonal, supported by a resident population of nearly 80,000, six schools within two kilometres and two health centres in the municipality. The beach is a flat five-to-ten minute walk, and the slope towards the sea is a negligible 2.4 per cent. Public transport is available through eight bus lines and fifty stops, meaning daily errands can be managed on foot or by bicycle without a car. The property's practical value lies in this combination: an income-producing configuration in a location where tenants have genuine year-round access to services, employment and the seafront.
Life around this address is urban and compact. The immediate block sits within Estepona's town centre, where the density of services is high: a supermarket at 104 metres, pharmacy at 237 metres, six schools and eighteen pharmacies within two kilometres, plus four banks and two parks in the same radius. The hospital is 1.1 km away, walkable in roughly fifteen minutes on flat terrain. The seafront is equally close: Playa de Estepona at 524 metres and La Rada, the town's main Blue Flag-standard town beach, at 769 metres. Puerto Estepona and the marina lie 1.6, 1.8 km to the west, with the Mirador del Carmen viewpoint between the two. For exercise, Better Bodies gym is 300 metres away and the Polideportivo Municipal 600 metres, with 134 sports facilities recorded municipality-wide. Traffic and noise levels correspond to a working Andalusian town rather than a resort: busiest in summer and during the town's 34 local festivals per year, quieter but fully active in winter. The resident population of nearly 80,000 keeps restaurants, cafés and services open year-round, which matters for long-term tenants and for owners using the property outside the tourist season. A car is optional here, the flat terrain, 50 bus stops and 8 bus lines cover most daily needs.
The map shows the property's position in central Estepona: the beachfront roughly 500 metres south, the supermarket and pharmacy within the surrounding blocks, and the hospital 1.1 km inland. Golf courses lie 4, 6 km west, and the A-7 coast road connects east towards Marbella and Málaga airport.
Approximate area · exact address shared on request
Within the western Costa del Sol, Estepona occupies a position between Marbella (25 km east) and Algeciras (42 km southwest), with Málaga city and its airport roughly an hour east by road. The municipality of 137 km² combines a fertile coastal valley with the Sierra Bermeja mountain range inland. The town's population of nearly 80,000 and its 3,163 recorded property transactions indicate an active local market rather than a purely seasonal one. Compared with Marbella, Estepona remains less expensive per square metre; compared with inland villages, it offers direct beach access. The property's town-centre position distinguishes it from the new-build developments on Estepona's eastern and western peripheries, which generally trade walkability for communal facilities.
Distances from the property are short in almost every direction. Beaches: Playa de Estepona 524 m, La Rada 769 m, Playa del Cristo 1.6 km. Healthcare: hospital 1.1 km, pharmacy 237 m, two health centres in the municipality. Daily shopping: supermarket 104 m. Golf: Valle Romano Golf 4.1 km, Azata Golf 4.4 km, Estepona Golf 6.1 km, all reachable in under ten minutes by car. Airports: Málaga-Costa del Sol approximately 64 km straight-line (roughly one hour by road via the A-7), Gibraltar Airport approximately 36 km straight-line (around 40 minutes by road). Electric vehicle charging is available 1.3 km away at a public fast-charging point, with a Tesla Supercharger 8.3 km distant. Marbella is 25 km away, Algeciras 42 km and Málaga city 73 km, giving the location a practical position for travel along the whole western Costa del Sol.
| Beach Distance | 0.8 km |
| Gibraltar (GIB) | 36 km |
| Malaga-Costa del Sol (AGP) | 64 km |
Source: OpenStreetMap, Google Maps
Estepona's climate data is a material part of this property's rental appeal. The town records approximately 3,848 sunshine hours per year, among the highest in Spain, and a mean annual temperature of 19.2 °C within a 15, 25 °C band. The swimming season, defined by sea temperatures at or above 20 °C, runs approximately five months. The property itself sits at 19 metres above sea level with a slope of only 2.4 per cent towards the beach, meaning no stairs or hills between the front door and the seafront, a relevant factor for older tenants and for the practicality of walking to the beach with equipment. Inland, the Sierra Bermeja rises to 1,449 metres at Los Reales, providing a mountain backdrop visible from upper floors and rooftop terraces such as Unit C's, and offering hiking terrain within a short drive. The microclimate between sea and mountains keeps summer heat moderated by sea breezes and winters mild, which supports year-round occupancy, the central commercial argument for a long-term rental asset at this location.
Source: Open-Meteo (2020, 2025 average)
Three beaches lie within walking distance: Playa de Estepona (524 m), La Rada (769 m) and Playa del Cristo (1.6 km), the last being a sheltered west-facing bay popular for swimming. La Rada functions as the town's principal beach, with chiringuitos and facilities along its roughly two-kilometre front. Playa del Angel sits 1.7 km away. Beyond the beaches, recreation includes two marinas, Puerto Estepona (1.6 km) and Puerto Deportivo (1.8 km), and golf at Valle Romano (4.1 km), Azata (4.4 km) and Estepona Golf (6.1 km), plus a golf academy 6.2 km away. Indoor and land sports are covered by Better Bodies gym (0.3 km), the municipal sports centre (0.6 km) and the José Ramón de la Morena sports centre (0.6 km). The Mirador del Carmen viewpoint (1.2 km) and Mirador Playa del Cristo (2.0 km) provide coastal outlooks. In total the municipality lists 134 sports facilities, indicating a broad recreational infrastructure beyond the summer season.
134 Facilities Available
Source: OpenStreetMap, CSD
Within the western Costa del Sol, Estepona occupies a position between Marbella (25 km east) and Algeciras (42 km southwest), with Málaga city and its airport roughly an hour east by road. The municipality of 137 km² combines a fertile coastal valley with the Sierra Bermeja mountain range inland. The town's population of nearly 80,000 and its 3,163 recorded property transactions indicate an active local market rather than a purely seasonal one. Compared with Marbella, Estepona remains less expensive per square metre; compared with inland villages, it offers direct beach access. The property's town-centre position distinguishes it from the new-build developments on Estepona's eastern and western peripheries, which generally trade walkability for communal facilities.
Estepona is a town and municipality in the comarca of the Costa del Sol, southern Spain. It is located in the province of Málaga, part of the autonomous community of Andalusia. Its district covers an area of 137 square kilometers in a fertile valley crossed by small streams and a mountainous areas dominated by the Sierra Bermeja, which reaches an elevation of 1,449 m at the peak of Los Reales.
| Month | Avg. Temperature | Rainfall |
|---|---|---|
| January | °C | 82 mm |
| February | °C | 72 mm |
| March | °C | mm |
| April | °C | mm |
| May | °C | mm |
| June | °C | 3 mm |
| July | 25.4°C | 0 mm |
| August | °C | 1 mm |
| September | 23.9°C | 13 mm |
| October | °C | mm |
| November | °C | mm |
| December | 14.9°C | 132 mm |
Flat
Ref: VL497132
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
Set against current new-build supply in Estepona, this property occupies a different segment of the market. Etherna Homes 2 (from €269,000), Etherna Homes 1 (from €304,000) and Celestia Homes (from €390,000) represent modern developments with communal facilities, contemporary energy standards and developer warranties, but generally in peripheral locations where a car is needed for daily errands and the beach. At €350,000, this resale sits between those price points while offering a fundamentally different asset: three income streams from one registered property in the town centre, five hundred metres from the sea and one hundred metres from a supermarket. The trade-offs are symmetrical. New-build buyers gain efficiency, amenities and clean legal packaging; this property offers location, immediate rental income and a walkable year-round environment, offset by a 1978 construction date, an unregistered internal division, no parking and no stated energy certificate. For investors, the owner's estimate of €2,000 gross monthly income implies a gross yield of roughly 6.9 per cent on the asking price before costs, vacancies and any regularisation expense, a figure that should be tested against Estepona's 3,163 recorded annual transactions and actual local long-term rental evidence. The wider regional context is relevant: Estepona's population of 79,621, its 19 primary schools and 10 secondary schools, and its two health centres support genuine year-round tenant demand, unlike purely resort-driven markets. Marbella, 25 km east, offers higher capital values and an international rental market at a higher entry price; Gibraltar, 36 km southwest, adds cross-border employment demand to the western end of the Costa del Sol. Buyers comparing this property with new-build alternatives should weigh a quantifiable income position in a proven location against the lower maintenance and certification advantages of new construction.
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