Description

Los Cristianos, Tenerife

Less than 15-minutes from the Tenerife South international airport, Los Cristianos is a well-established destination for year-round holidaymakers of all ages.

Older visitors come for the incredible climate, warm seas and expat-friendly environment, while an abundance of golf courses, water parks, wildlife, and watersports means that there are things to do for adults and children alike.

There is a huge choice of restaurants, ranging from fast food joints to excellent local tapas gems – more than enough to allow regular visitors to keep making new discoveries.

There are many pubs, bars and cafes with and without entertainment, while the nightlife of nearby Las Americas is not far away for those who want to push into the small hours.

Cristian Sur

Cristian Sur is a well-kept development in Los Cristianos, popular with international tourists and year round residents. It's around 10-minutes’ walk to the sea front, harbour and beaches, in an area with numerous bars, restaurants, shops and cafes, so you don't have to go far to keep yourself entertained.

Then again, the development is set around 2 heated pools, one of which is heated in the winter, so it's an ideal place to laze around basking in the sunshine. It's also incredibly well-kept and clean, with lots of greenery and bright flowers when in season.

The Apartment

The property itself is a duplex apartment on 2 floors, with approximately 108 meters of interior space, as well as a large balcony and an upstairs terrace. The outside space is south-facing and thanks to the elevated position, has great views out across Los Cristianos to the sea.

There are 2 spacious bedrooms and 2 separate bathrooms, as well as a fitted kitchen. The property is offered for sale part-furnished.

Current Condition

Having been used as a family winter retreat, the property currently needs to be furnished to a standard suitable for holiday lettings. Minimal investment would be required to achieve prices towards the lower end of the target range, with a more comprehensive upgrade and fit out required to reach the highest prices currently being achieved by other apartments on the development.

There is a good standard kitchen with a new fridge, worktops, microwave and gas oven/hob. In the downstairs bathroom there is a washing machine and a good quality double bed upstairs.

Aside from that, new lounge, bedroom and occasional furniture would be recommended, while a revamp of the bathroom(s) and general standard of finishes, fittings, furniture & furnishings would push the property towards the premium end of the market. A fast line for wi-fi is highly advisable.

Upstairs, there are also options for remodelling, with potential for an additional single bedroom, or improved use of the ample floor-space to give additional beds for rental yield maximisation.

Rental Income Potential

Prices on this development range from around 450 euros per week for a property with a lower standard of finish offered in a non-peak season via private rental sites, up to 750 euros per week for a property offered on Bookings with a higher standard of finish and furnished to cope with 6 visitors. It’s also possible to achieve upwards of 1000 euros per week by maximising the number of beds and catering to groups of adults, though this may impact the ongoing wear, tear and maintenance costs!

homeaway.co.uk/p56833
Standard Rate 450 euros per week

homeaway.co.uk/p2489614
Standard Rate 490 euros per week

uk.hotels.com/hotel/details.html?hotel-id=256896
Standard Rate 550 euros per week

holidaylettings.co.uk/rentals/los-cristianos/5781103
Standard Rate 675 euros per week

homeaway.co.uk/p2489614
Standard Rate 750 euros per week

booking.com/hotel/es/apartamentos-hg-cristian-sur.html
Standard Rate –  1000+ euros per week for 5 or 6 adults

Thanks to the golf, water parks, warm sea, beaches and year-round climate Tenerife has a broad appeal and a 365 day per year season. 2 bed apartments on Cristian Sur are sought after and rent extremely easily, so anything up to 45 or even 50 weeks’ occupancy per year is achievable, with premium rates chargeable for lettings during the Christmas, Easter and August holiday periods.

This gives maximum gross annual rental potential of anything from 20,000 euros right up to 40,000+ euros, depending on the standard of finish, the effectiveness of the marketing activity and how intensively a new owner wishes to squeeze rental income out of the property.

Operating Costs

Fixed costs for the property include around 2000 euros per year for community fees and 300 euros for the local council tax.

There are numerous local options for full service lettings and management, or lightweight options geared towards private rentals, such as cleaning, key holding and changeover services.

Linen Change: 25 to 50 euros depending on the number of occupants
Apartment Cleaning: 50 to 75 euros for a full top to bottom clean of the property
Rental Commission: fixed cost advertising or 15% to 17% on sites like booking.com
Income Tax: for non-residents, typically a flat rate of 25% after deductible allowances