A renovated three-bedroom apartment on Plaza Conde Ferrería in Martiricos, one of Málaga's most central neighbourhoods, offered at a fixed asking price of €300,000. The property dates from 1978 and has been fully updated, including the kitchen, bathroom and plumbing. It is sold with an existing rental contract running until 1 December 2027 at €700 per month, with no tenant pre-emptive right, making it relevant primarily to investors. The building has a lift and the apartment includes central heating, a covered terrace and wood flooring. Internal viewing is not possible while tenants remain in place.
Key characteristics of location, homes, project phase and points of attention.
The apartment sits directly on Plaza Conde Ferrería in Martiricos, roughly one kilometre north of Málaga's historic centre. Sports facilities, including the Conde de Ferrería courts, are within two hundred metres, and the Atarazanas and Málaga Centro Alameda train stations lie about 1.5–1.7 kilometres away as the crow flies.
The home offers three bedrooms and one bathroom across 66 square metres of living space, with a fully fitted kitchen, wood flooring, central heating and a covered terrace. It is part-furnished and delivered key-ready. The layout suits a small household or a rental investment rather than buyers seeking generous interior space.
This is an existing property completed in 1978, not a new-build development. It has been renovated in recent years, covering the kitchen, bathroom and plumbing. Construction status is key-ready, subject to the current lease: the apartment comes with tenants in place until 1 December 2027 and cannot be viewed internally in the meantime.
The property has a single bathroom and 66 square metres of living area, which limits space for larger households. There is no parking space, storage room or communal pool mentioned in the data. The apartment is occupied under a rental contract until December 2027, cannot be viewed, and the published photos have been digitally altered to protect tenant privacy.
Ref: VL917259
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
This property fits a specific set of circumstances. It is relevant to investors seeking a city-centre asset in Málaga with contracted rental income already in place; the lease removes void risk until December 2027 and the tenants' lack of pre-emptive right keeps the resale route open. It also suits buyers planning a future relocation to Málaga who do not need the apartment for personal use before 2028 and want to secure a renovated, central home at today's price. It suits households that prioritise location and walkability: three bedrooms near schools, health centres and full urban services, within walking distance of the historic centre, work well for a small family or for medium-term rentals to professionals. It does not suit buyers who want immediate personal use, since vacant possession only arises after the lease ends. Nor does it suit those seeking space, a second bathroom, parking, a pool or a coastal setting; the property measures 66 square metres and the nearest beach is over three kilometres away. Buyers requiring certainty about the interior condition should also note that internal viewings are not possible and the photographs have been digitally modified, the renovation record (kitchen, bathroom, plumbing) and the building's 1978 construction date are the available factual anchors. For an investor comparing options, the deciding factors are the roughly 2.8% gross yield, the central Martiricos location and the fixed price of €300,000.
The apartment was completed in 1978 and has since undergone a complete renovation covering the kitchen, the bathroom and the plumbing. The kitchen is fully fitted and equipped with stainless-steel worktops; the photographs show a modern bathroom with a shower and vanity unit. Floors are wood throughout the living areas, and the apartment includes central heating, which remains relatively uncommon in older Málaga housing stock and affects winter comfort directly. A lift serves the building, a practical point in a 1970s block. The property is part-furnished and classified as being in excellent condition by the listing party. Buyers should weigh this against two caveats inherent to the situation. First, the building itself dates from 1978, so common elements, facade and installations beyond the apartment's own renovation are of that era unless separately upgraded; no data on building-wide works is provided. Second, because the apartment is tenanted and cannot be viewed, the renovation cannot be inspected in person before purchase, and the published photos have been digitally altered to protect privacy. The practical consequence is that the purchase should rely on documentation, the lease terms, renovation receipts or declarations if available, and the notarial title information, rather than visual inspection. The covered terrace, street-facing windows and ceiling fans visible in the photographs indicate reasonable cross-ventilation for Málaga's summer months, complemented by the central heating for the cooler season, when average monthly temperatures drop to around 12°C.
The asking price is fixed at €300,000. This is an existing home with tenants in place under a lease running until 1 December 2027 at €700 per month, adjusted for inflation according to the agreement; the tenants hold no right of first refusal. At the current rent, gross annual income is approximately €8,400, which corresponds to a gross yield of around 2.8% before costs, taxes and community fees. Buyer-side costs are not included: notary fees, registration, transfer tax (ITP) and related expenses are payable separately. Given the 2027 lease end date, the price should be assessed against both the rental income during the term and the property's value once vacant possession becomes possible.
Martiricos is a dense, working neighbourhood immediately north of Málaga's city centre, and daily life here is thoroughly urban. The apartment opens onto a plaza with sports courts two hundred metres away, and the surrounding two-kilometre radius contains an unusually high concentration of services: 328 restaurants, 148 cafés, 105 pharmacies, 69 banks and 34 dentists. Schools are plentiful, with 147 primary and 101 secondary institutions in the wider area, and 26 health centres serve the district. For a resident, this means groceries, medical care and education are reachable on foot in most cases, and the 50 public transport lines and stops in the city make a car optional rather than necessary. The rhythm of the neighbourhood is year-round rather than seasonal. Unlike coastal resort zones, Martiricos does not empty in winter; its shops, cafés and sports facilities operate continuously, which matters for anyone planning permanent residence or stable rental occupancy. The apartment's street-facing orientation brings natural light into the rooms, and the covered terrace extends the living space outdoors without exposure to direct midday sun. The Guadalmedina river bed and the Alcazaba viewpoints within about one to one and a half kilometres add walking routes to the daily routine, and the beach at Playa de San Andrés is 3.2 kilometres away straight-line, close enough for regular visits, far enough that this reads as a city home rather than a beach property.
Living in Martiricos means having the infrastructure of a city of nearly 580,000 people at the doorstep. Within two kilometres, the density of amenities is high: over three hundred restaurants, more than a hundred pharmacies and nearly seventy banks. The neighbourhood itself has a local, permanent character, the Conde de Ferrería sports courts on the plaza below the apartment and the Segalerva football pitch four hundred metres away anchor community life, while the Forus Trinidad centre at eight hundred metres adds gym facilities. Train access is a practical asset: Atarazanas station is 1.5 kilometres away straight-line, and Guadalmedina and Málaga Centro Alameda both 1.7 kilometres, connecting the district to the Cercanías commuter network and the high-speed line to Madrid and other cities. Fifty public transport lines serve the city, so a car is not required for daily life, an advantage in a neighbourhood where on-street parking, as suggested by the street-view photograph, follows typical dense-city patterns. For recreation, the Mirador de San Miguel viewpoint is 900 metres away and the Mirador de la Alcazaba 1.4 kilometres, both offering walks into the historic hillside. The area's activity level is steady rather than quiet: plazas, school runs and evening social life generate normal urban noise, and buyers seeking silence should factor this in.
The map shows the apartment on Plaza Conde Ferrería in Martiricos, immediately north of Málaga's historic centre. Nearby markers include the sports courts on the plaza itself, the train stations around 1.5–1.7 kilometres away, the viewpoints toward the Alcazaba, and the beaches along the bay roughly three to five kilometres to the south.
Approximate area · exact address shared on request
Martiricos positions the apartment inside Málaga city itself, roughly one kilometre from the centre of the Costa del Sol's capital, with its 579,076 residents. This sets it apart from the coastal-resort belt: Marbella is 48 kilometres to the west and Granada 89 kilometres to the north-east. The location trades seafront proximity for full urban infrastructure, year-round activity and rail connectivity, with the beach a short hop away and the airport nine kilometres distant. For buyers weighing city versus coast on the Costa del Sol, this property sits firmly on the urban side of that equation.
The apartment's accessibility profile is urban. Málaga city centre is effectively adjacent, the property lies about one kilometre straight-line from the heart of a city of 579,076 inhabitants. The nearest beach, Playa de San Andrés, is 3.2 kilometres as the crow flies, with Playa de los Baños del Carmen at 4.1 kilometres and Playa de la Misericordia at 4.6 kilometres. Malaga-Costa del Sol Airport is roughly nine kilometres straight-line from the property, a short taxi or Cercanías journey. Marbella lies 48 kilometres away and Granada 89 kilometres, both reachable by car or intercity transport. Golf requires a drive: the nearest course, Club de Golf Málaga Parador, is 9.4 kilometres straight-line, with Guadalhorce at 9.7 and the Miguel Ángel Jiménez course at 12.2 kilometres. Two marinas sit within easy reach, IGY Málaga Marina at two kilometres and Marina Real Club Mediterráneo at 2.8 kilometres. Public transport is extensive, with 50 lines and stops across the city, and electric-vehicle charging points begin about 5.3 kilometres away near the airport corridor.
| Beach Distance | 3.2 km |
| Malaga-Costa del Sol (AGP) | 9 km |
| Gibraltar (GIB) | 105 km |
| Atarazanas | 1.5 km |
| Guadalmedina | 1.7 km |
Source: OpenStreetMap, Google Maps
Málaga's climate is one of the mildest on the Spanish mainland. The average annual temperature is 19.4°C, with monthly averages ranging from about 12°C in winter to 27°C in summer. The swimming season lasts roughly six months, during which sea temperatures remain at or above 20°C. The city records high annual sunshine totals, consistent with its position on the Costa del Sol, and rainfall is concentrated in the cooler months. Martiricos sits at approximately 15 metres above sea level on flat terrain, the gradient toward the beach at Playa de San Andrés is only 0.5%, so walking and cycling in the neighbourhood involve no significant slopes. For residents, this translates into a long outdoor season: terrace use extends from spring well into autumn, and the apartment's central heating covers the shorter, mild winter period. The flat terrain and the riverbed park of the Guadalmedina provide accessible walking routes close to home.
Source: Open-Meteo (2020–2025 average)
Although the apartment is an urban property, coastal recreation is within practical reach. The closest beach, Playa de San Andrés, lies 3.2 kilometres straight-line from the property, followed by Playa de los Baños del Carmen at 4.1 kilometres, a historic bathing spot at the eastern end of the bay, and the long, sandy Playa de la Misericordia at 4.6 kilometres. The swimming season of about six months runs from late spring into autumn. Sports facilities cluster much closer: the Conde de Ferrería courts are two hundred metres from the front door, the Segalerva football field four hundred metres, and the Forus Trinidad sports centre eight hundred metres. Two marinas, IGY Málaga Marina and Marina Real Club Mediterráneo, sit within three kilometres and offer berths, sailing and waterfront dining. Golfers face a longer journey, with the nearest courses between nine and twelve kilometres away. The city's cultural and leisure offer, 89 hotels and nearly 12,600 tourist beds reflect the scale of visitor infrastructure, means restaurants, museums and events are concentrated within a short walk or bus ride.
Source: OpenStreetMap
| Month | Avg. Temperature | Rainfall |
|---|---|---|
| January | 12.5°C | 62 mm |
| February | 13.2°C | 56 mm |
| March | 14.9°C | 66 mm |
| April | 16.9°C | 41 mm |
| May | 19.8°C | 23 mm |
| June | 23.6°C | 4 mm |
| July | 26.1°C | 0 mm |
| August | 26.7°C | 3 mm |
| September | 23.8°C | 25 mm |
| October | 19.9°C | 61 mm |
| November | 15.8°C | 77 mm |
| December | 13.4°C | 88 mm |
Flat
Within the wider Costa del Sol market, this apartment occupies a fundamentally different segment from the coastal new-build projects that dominate international buyer attention. Comparable developments listed regionally include Aquamar in Torre del Mar (from €269,950), Lantana Residencial in Mijas (from €205,000) and Etherna Homes 2 in Estepona (from €321,000). At €300,000 fixed, this Martiricos apartment sits in the middle of that price band, but it delivers a different product: a 1978 building, fully renovated internally, in the centre of Málaga city rather than a newly constructed development near the shore. The trade-offs are structural. New-build coastal projects typically offer modern specifications, pools, parking and sometimes sea views, with the inconveniences of construction timelines, off-plan risk and often quieter winter seasons. This apartment offers none of those amenities, one bathroom, no private parking, 66 square metres, but provides immediate walkable access to a city of nearly 580,000 people, an extensive public transport network, three railway stations within 1.7 kilometres and a year-round neighbourhood economy. Málaga's housing market records roughly 7,240 transactions per year, indicating active liquidity in the province. The median provincial income of €16,450 per year gives context for local purchasing power, while the city's tourism infrastructure, 89 hotels and nearly 12,600 beds, supports short- and medium-term rental demand once the current lease ends. For an investor, the comparison is therefore not simply price per square metre but asset class: a coastal lifestyle purchase versus an urban income asset with vacancy only from 2028 onward, at a gross yield near 2.8% today and with repositioning options, personal use, re-letting at market rates, or refurbishment, once vacant possession is obtained.
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