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... 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. ⸻ ✨ 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. ⸻ ⭐ 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