5 Bed Townhouse for Sale in Estepona – 4-Apartment Investment Potential

Priced at €552,000, this 5-bedroom, 3-bathroom townhouse offers 223 m² of built space on a 121 m² plot, plus a full 121 m² rooftop. It is positioned in the centre of Estepona, within easy walking distance of La Rada beach and the Old Town, with shops, restaurants and everyday services close by.

The current owner, aged 92 and in delicate health, retains a lifetime usufruct over the ground floor, which is presently occupied and old but habitable. The upper floor is available immediately and requires refurbishment, with potential to create two independent apartments. In the longer term, the property’s single title could allow reorganisation into up to four separate apartments—two on each floor—subject to the necessary permissions.

The rooftop could become a private solarium or shared leisure area, while the central location benefits from strong long-term and holiday rental demand. Estimated income is at least €1,100 per apartment per month, potentially exceeding €4,000 monthly once the complete project is finished. A single title and single IBI also add practical advantages for an investor seeking current refurbishment potential and future capital growth.