Active ID: 106421244 Centro Tradicional

Flat / apartment for sale in Avenida de la Constitución

6 Bed • 2 Bath • 203 m² • Floor 3

€720,000

AI Analyst
Long-term Rental

"Prime 203 m² apartment in Alicante’s historic center, featuring period details, high ceilings, and panoramic plaza views. Offers a rare value-add opportunity through full renovation in the city’s most coveted address, ideal for premium tenants or resale."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern luxury standards while preserving period features
Pros
  • Exceptional central location with cultural and commercial amenities nearby
  • Large, flexible layout with original architectural elements
  • Strong rental demand for premium renovated units in this area
Cons
  • Requires significant capital expenditure for complete renovation
  • No terrace or outdoor space, which may limit appeal to some tenants
  • Potential for higher vacancy or slower absorption due to luxury price point
Description

L'Arimar Home presents a unique real estate gem in Alicante's most iconic location: Ruperto Chapí Square. Situated on the third floor of a stately 1950s building, this 203 m2 home is much more than an apartment; it's a unique design opportunity with direct views of the emblematic Plaza del Teatro. What makes this property special is its original essence: soaring ceilings, grand rooms, and southwest light that floods every corner. However, we know that seeing the potential within old walls isn't always easy. THE LARIMAR CHANGE: Visualize your future home For this property, we have developed an exclusive Virtual Home Staging project. In our presentation, you can slide between the current reality and a high-fidelity digital recreation. See how the original hydraulic ceramic floors come to life in a modern living room. Imagine the high ceilings with contemporary lighting. Visualize the kitchen of your dreams integrated into this historic space. Don't just buy square meters; buy the vision of your next life. Layout and Architectural Jewels The home retains period decorative elements in excellent condition, such as its carved wooden doors and iron windows with wooden shutters. The main hall divides the house into two wings: Noble Area: An exceptionally large living-dining room with panoramic views of the square, connected to a master bedroom with an en-suite bathroom and an office/dressing room. Rest and Service Area: An extensive hallway connects to three other bedrooms and leads us to a kitchen with a pantry and a second bathroom. Premium Location Living here is breathing Alicante's culture. A stone's throw from Rambla Méndez Núñez, the commercial hub of Alfonso el Sabio, and just a 5-minute walk from the Port and Postiguet Beach. It is, without a doubt, the most coveted address in the city. Your project starts here The home requires a complete renovation, but its original structure and materials are the perfect foundation for creating one of Alicante's finest residences. At L'Arimar Home, we have a specialized team to advise you on renovation possibilities and arrange your visit.

Features
Elevator
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €720,000
Taxes (ITP 10%) + €72,000
Notary Fees + €6,048
Registry Fees + €2,304
Gestoría Fees + €2,160
Valuation + Other + €339

Total Investment €802,851
Est. Monthly Rent €2,450/mo
Est. Annual Rent €29,400/yr

Est. Yield 3.66%
Days on Market
191
First seen
2025-10-08
View on Idealista