Active ID: 102311293 Mercado

Flat / apartment for sale in Poeta Quintana

6 Bed • 3 Bath • 242 m² • Floor 5

€550,000

AI Analyst
Coliving

"Large 242m² apartment in central Mercado area with panoramic Santa Bárbara Castle views, six bedrooms, terrace, and abundant natural light—offering significant renovation potential in a prime urban location."

Negotiation Leverage Balanced
Value Add Full interior renovation: modernize kitchen, bathrooms, and optimize layout for shared living.
Pros
  • Prime central location with castle views
  • Large floor area and six bedrooms ideal for flexible layouts
  • Strong natural light and exterior terrace
Cons
  • Requires substantial renovation investment
  • Current rent yield is low relative to asking price
  • Potential oversupply risk in central apartment market
Description

We present you with a unique opportunity to transform your dreams into reality in the heart of the city. This spacious 242-square-meter house, located in an enviable setting with panoramic views of the majestic Santa Bárbara Castle, is waiting to be renovated and turned into the home of your dreams. With six bedrooms offering endless possibilities, you'll be able to design the perfect space for your lifestyle. Imagine the freedom of creating a luxurious master bedroom with views of the iconic castle, or designing a home study that captures inspiration from the surrounding nature. The large windows that surround the house ensure that natural light floods every corner, creating a feeling of spaciousness and serenity. The location is simply unmatched. From your new home, you will be able to enjoy the historical and cultural beauty of the Castillo de Santa Bárbara, illuminated both day and night. The ever-changing views will provide you with an ever-evolving visual spectacle that will remind you of the city's rich history. Despite the fact that the house requires reforms, this is an advantage in itself. You will be able to design and personalize every detail according to your preferences, from the distribution of the rooms to the choice of materials. Imagine a modern and open kitchen, cozy living rooms and luxurious bathrooms, all adapted to your tastes and needs. In addition, the central location of the property guarantees easy access to a wide range of services and amenities. Shops, restaurants, parks and transport connections are just a step away, allowing you to make the most of urban life. This is your chance to turn a blank space into the home of your dreams. Be part of the reinvention of this storied home and create an enriching life in an environment that pays homage to the past while embracing the future. Come and envision the endless possibilities that await you in this exciting property overlooking the Castle of Santa Barbara! Don't miss your chance to experience this home in person! Call us now, we are KEY COSTA REAL ESTATE and we will be happy to show you everything this home has to offer. *This announcement is merely informative, indicative and non-binding, so it does not imply any contractual information, its use being strictly commercial.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €550,000
Taxes (ITP 10%) + €55,000
Notary Fees + €4,620
Registry Fees + €1,760
Gestoría Fees + €1,650
Valuation + Other + €339

Total Investment €613,369
Est. Monthly Rent €1,650/mo
Est. Annual Rent €19,800/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
211
First seen
2025-08-04
View on Idealista