Ground Floor Apartment for sale in Málaga

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

Features

Purchase expenses

Our expenses calculator will provide an estimate of all costs involved in buying a house in Spain. Use these figures as a guideline only: the actual figures will vary according to the property's location and the bank you choose, among other factors. To the total, you must add your mortgage payments, and comisión de apertura if your bank charges it.