Active ID: 105713520 Centro Tradicional

Flat / apartment for sale in Calle Bilbao, 1

3 Bed • 2 Bath • 115 m² • Floor 1

€375,000

AI Analyst
Long-term Rental

"Prime 115 m² apartment in Alicante’s Centro-Tradicional, offering strong location fundamentals and renovation upside. First-floor, exterior unit with terrace and balconies, ideal for value-add investors seeking central, walkable urban assets."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards, especially kitchen and bathrooms
Pros
  • Exceptional city-center location near Plaza Portal de Elche and Explanada de España
  • Large, well-ventilated, and luminous first-floor unit with terrace and balconies
  • Solid rental demand in sought-after urban core
Cons
  • Requires significant renovation to achieve market rents
  • First floor may have less privacy and more street noise
  • 1950 building may have higher maintenance or structural risks
Description

Unique opportunity in the heart of Alicante! This spacious 115 m² apartment is located on the first upper floor of an emblematic city building, constructed in 1950. Situated opposite the iconic Plaza Portal de Elche, this property offers you a privileged environment, surrounded by shops, restaurants, banks, and stores. Furthermore, it is just a step away from the famous Paseo de la Explanada de España, ideal for enjoying pleasant walks by the sea. The apartment is distributed into 3 bedrooms, 2 bathrooms, a cozy terrace, and balconies that bring luminosity and charm to the home. Its exterior location on the first floor guarantees excellent ventilation and natural light. Don't miss this opportunity to live in one of the most sought-after areas of Alicante. This property is perfect for those looking for a renovation project in a privileged setting. Contact us for more information and to arrange a visit!

Features
Elevator
Terrace/Balcony
Exterior
Investment Summary
Purchase Price €375,000
Taxes (ITP 10%) + €37,500
Notary Fees + €3,150
Registry Fees + €1,200
Gestoría Fees + €1,125
Valuation + Other + €339

Total Investment €418,314
Est. Monthly Rent €1,458/mo
Est. Annual Rent €17,492/yr

Est. Yield 4.18%
Days on Market
41
First seen
2026-01-21
View on Idealista