Semi-Detached House in Nerja

Excellent Buy Opportunity: Price Reduced 4-Level House with Sea Views in the Centre of Nerja

If you are looking for an exceptional real estate investment in the heart of Nerja, this is your chance. This magnificent four-level house, now reduced in price from €899,000 to €849,000, offers spectacular sea views and unlimited potential, both as a private residence and as a profitable business opportunity such as a hostel or guesthouse in one of the most desirable and central locations of Nerja.

Prime Location: The Heart of Nerja

Nerja is renowned for its beautiful beaches, lively atmosphere, and charming old town. Finding centrally located accommodation, especially between May and October, is a challenge due to high tourism demand. This property stands out with its superb location on one of the area’s most exclusive and sought-after streets, placing you mere steps from the town’s vibrant life, shops, restaurants, and the stunning Mediterranean coast.

Property Overview

• Plot Area: 115 sqm
• Total Built Area: 289 sqm
• Levels: 4 (including a large roof terrace/solarium of approximately 90 sqm)
• Entrances: Two separate entrances (one for the upper floors, one for the ground floor premises)

The neighboring buildings are already higher, which opens up exciting opportunities to extend further upwards or even create a unique penthouse suite with its own dedicated entrance. The design and existing structure allow maximum flexibility for the new owner, depending on their vision for the property.

Main Features and Floor Distribution

Ground Floor

• Large open room of 99 square metres – ideal for a reception area, shop, restaurant, or communal area if converted into a hostel or guesthouse
• Fully equipped bathroom
• Practical storage room
• Charming small courtyard – perfect for relaxation or as a feature for guests

First Floor

• Spacious apartment measuring 91 square metres
• 2 generously sized bedrooms
• Modern bathroom
• Kitchen with natural light
• Bright living room filled with sun throughout the day
• Long balcony running along the living room, facing south-east and overlooking the street
• One bedroom with access to a beautiful, arabesque-style tiled courtyard – a delightful spot to unwind

Second Floor

• Mirrors the layout of the first floor for consistency
• Spacious and bright living room with direct balcony access and street views
• Two comfortable bedrooms
• Contemporary bathroom
• Functional kitchen

Roof Terrace / Solarium

• Impressive solarium/roof terrace of approximately 90 sqm
• Private entrance for exclusive use
• Outstanding panoramic sea views and vistas across Nerja
• Ideal location for a rooftop lounge, bar, or shared guest leisure area

Investment Potential: Multiple Possible Uses

This versatile property provides several avenues for maximum return on investment. Consider the following options:

As a Private Residence

• Live in one apartment yourself and rent out the others for a steady rental income
• Renovate each level to suit family members or guests, maximizing privacy and comfort
• Add new balconies to each floor, as permitted, to enhance the living spaces and provide stunning outdoor zones to enjoy the warm summer evenings of Costa del Sol

As a Business Opportunity: Hostel or Guesthouse

• Create a centrally located hostel with multiple private or shared apartments, a reception/communal area on the ground floor, and a rooftop lounge for guests
• Establish a boutique bed & breakfast or guesthouse, taking advantage of the property's generous size, multiple levels, and high tourism demand in Nerja
• Utilize the large premises on the ground floor for a café or small restaurant that serves both guests and the public
• Develop a rooftop chill-out area for events, yoga, or luxury sunbathing with spectacular views

Penthouse Addition or Further Development

• The existing potential to build further upwards or develop a unique penthouse with private entrance, thanks to neighboring buildings being taller, unlocks even more value
• Penthouse can be used as a private owner's suite or rented out as a luxury accommodation, adding a premium revenue stream

Advantages of the Property

• Exceptional Location: In the heart of Nerja, just a 5-minute walk to Balcon de Europa and the nearest beach
• Spacious and Versatile Layout: Four levels, two main apartments, commercial premises, and a massive roof terrace give flexibility for any project
• Views: Enjoy wonderful vistas of the Mediterranean Sea and the Nerja skyline from upper floors and the solarium
• Dual Entrances: Provides privacy and practicality for multi-use scenarios
• Rental Potential: High year-round tourist demand ensures excellent occupancy rates and significant rental income potential
• Expansion Potential: The ability to add balconies or even a penthouse further enhances value
• Investment Security: Central Nerja retains strong demand and stable property values compared to other regions

Condition and Renovation Opportunities

The building is structurally in good condition, offering a robust foundation for any renovation or modernisation project. However, the interior will require complete renovation to realise its full potential and bring it up to today’s standards. This allows you the freedom to style and fit out the property exactly as you wish, catering to either high-end residential or business accommodation tastes. Potential renovation ideas include:

• Modern open-plan kitchens and living areas for a contemporary feel
• Ensuite bathrooms for each bedroom to attract higher-paying guests or renters
• Energy-efficient windows and lighting to reduce running costs and improve comfort
• Installation of air conditioning and heating systems suitable for both summer and winter stays
• Intelligent use of the roof terrace to create a signature space, such as a rooftop bar, garden, or yoga area
• Innovative interior decor that respects local Andalusian and Mediterranean styles while introducing modern comforts

Why Invest in Nerja?

Nerja is a jewel on the Costa del Sol, attracting visitors from across Europe and beyond due to its picturesque beaches, famous caves, and vibrant cultural scene. Its central location, mild climate, and easy accessibility from Málaga airport make it a favourite destination for both short tourists and long-term residents.

Benefits of Owning Property in Nerja

• Stable and appreciating real estate market supported by strong year-round tourism
• High rental yield potential, especially in centrally located properties
• Attractive lifestyle with beautiful surroundings, great restaurants, and outdoor activities
• Excellent infrastructure and transport connections
• Welcoming expatriate and international community

Distances and Local Amenities

• Balcon de Europa: Just 5 minutes on foot – the iconic viewpoint offering panoramic Mediterranean views
• Nearest beach: 5 minutes walk
• Shops, restaurants, cafes: Right at your doorstep or within a short stroll
• Public transport: Easily accessible throughout the central area
• Local attractions: Nerja Caves, impressive cliffs, picturesque old town, and vibrant street life

Summary: Exceptional Opportunity Not to Be Missed

This four-level house in the centre of Nerja provides a rare chance to own prime real estate in one of Spain’s most sought-after coastal destinations. Whether you are seeking an exclusive private residence, a high-yield rental investment, or envision launching a successful hostel or guesthouse business, this property ticks all the boxes. Its strategic location, flexible layout, and potential for further development create an outstanding buy opportunity. The price reduction to €849,000 represents excellent value compared to other properties in the area. Opportunities like this in Nerja’s centre are scarce and tend to be snapped up quickly by discerning investors and lifestyle buyers.

Contact Us for a Viewing

If you are serious about investing in Nerja’s booming property market, don’t hesitate to book a personal viewing. Words and photos cannot fully capture the charm, potential, and breathtaking views this property offers. Come and experience it for yourself, and seize the opportunity to own a truly unique and versatile property in the heart of Nerja!

• For further information and to arrange a visit, please contact our expert real estate team today.