Active
ID: 109277893
Casco Histórico
Flat / apartment for sale in Paseo Esplanada d'Espanya, 8
4 Bed • 4 Bath • 180 m² • Floor 3
€999,990
AI Analyst
Long-term Rental"Prime 4-bedroom apartment in Alicante’s historic center, fully renovated with high-end finishes, terrace, and elevator access. Offers strong lifestyle appeal but faces yield compression at current pricing."
Negotiation
Leverage
Balanced
Value Add
None - Turnkey
Pros
- •Prestigious location in Alicante’s historic center
- •Recently renovated to high standards—minimal capex required
- •Desirable features: terrace, elevator, exterior orientation
Cons
- •Gross rental yield below 3% at asking price
- •Premium pricing limits upside potential
- •Potential tenant pool may be limited by high rent
Description
Apartment in the best area of Alicante, recently renovated with excellent qualities. Better to go see it.
Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price
€999,990
+ Fees & Taxes
+ €114,938
Taxes (ITP 10%)
+ €99,999
Notary Fees
+ €8,400
Registry Fees
+ €3,200
Gestoría Fees
+ €3,000
Valuation + Other
+ €339
Total Investment
€1,114,928
Est. Monthly Rent
€2,300/mo
Est. Annual Rent
€27,600/yr
Est. Yield
2.48%
High
(3 Comps)
Days on Market
77
First seen
2025-12-16