Active ID: 105713406 Centro Tradicional

Flat / apartment for sale in Calle Bilbao, 1

3 Bed • 2 Bath • 151 m² • Floor 1

€435,000

AI Analyst
Long-term Rental

"Spacious 151 m² apartment in Alicante’s Centro-Tradicional, featuring 3 bedrooms, balconies, and south-facing natural light. Prime location near Plaza Portal de Elche and Paseo de la Explanada offers strong rental demand and value-add potential."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms; update finishes to increase rental yield and resale value.
Pros
  • Prime city-center location with high rental demand
  • Large floor area and good natural light from balconies
  • Elevator access in a historic building
Cons
  • Requires renovation to reach full market potential
  • Older building may have higher maintenance costs
  • First floor location may be less desirable for some tenants
Description

**Unique Opportunity in the Heart of Alicante! Spacious Apartment for Sale** Discover this spacious 151 m² apartment located on the first upper floor of an emblematic building constructed in 1950. Situated opposite the charming Plaza Portal de Elche, you will be surrounded by a vibrant offering of shops and restaurants, and just a stone's throw from the iconic Paseo de la Explanada de España. This property features 3 bedrooms and 2 bathrooms, offering generous space for the whole family. The apartment's balconies allow for excellent natural light, creating a cozy and bright atmosphere in one of Alicante's most sought-after and privileged areas. With a south orientation that guarantees great ventilation and natural light throughout the day, this apartment is ideal for those who value quality of life and comfort. Additionally, the building has an elevator, facilitating access to the home. Don't miss this unique opportunity to live in an unbeatable location. Contact us for more information and to arrange a viewing. **Property Features: ** - 151 m² built - 3 bedrooms - 2 bathrooms - Balconies - Second-hand/To be renovated - Year of construction: 1950 - 1st floor, exterior - With elevator - South orientation.

Features
Elevator
Terrace/Balcony
Exterior
Investment Summary
Purchase Price €435,000
Taxes (ITP 10%) + €43,500
Notary Fees + €3,654
Registry Fees + €1,392
Gestoría Fees + €1,305
Valuation + Other + €339

Total Investment €485,190
Est. Monthly Rent €2,018/mo
Est. Annual Rent €24,220/yr

Est. Yield 4.99%
Days on Market
87
First seen
2026-01-21
View on Idealista