Active ID: 109287048 Casco Histórico

Detached house for sale in CL San Luis

1 Bed • 1 Bath • 36 m² • Floor 1

€175,000

AI Analyst
Holiday Rental

"Charming historic center property in Alicante with potential for value-add through renovation and possible expansion, offering unique architectural features and proximity to key city attractions, ideal for investors seeking character and upside."

Negotiation Leverage Balanced
Value Add Comprehensive renovation and potential addition of a terrace floor
Pros
  • Prime location in Alicante's historic center near major attractions
  • Opportunity to add value through renovation and expansion
  • Unique architectural features (exposed beams, potential terrace with views)
Cons
  • Requires full renovation, increasing upfront capital needs
  • Small size (36 m²) limits long-term rental appeal
  • No elevator and interior orientation may reduce desirability for some tenants
Description

We present a unique property located in the emblematic Santa Cruz neighborhood, in the heart of the historic center of the city of Alicante. This location stands out for its peaceful character, just a short distance from the main commercial areas, restaurants, and the Mediterranean coast. Currently, it comprises one bedroom, one bathroom, a kitchen, and a living room. Inside, original architectural elements such as exposed wooden beams are preserved. The property requires a comprehensive renovation, which represents an excellent opportunity to develop a personalized project. It is worth noting the possibility of adding an additional floor with a terrace from which exceptional panoramic views of the urban area, the Santa Bárbara Castle, and the sea can be obtained. This is, without a doubt, an unbeatable opportunity both for those looking to develop a residential project with character and for investors interested in one of the most authentic and promising areas of the historic center of Alicante.

Features
Terrace/Balcony
Air Conditioning
Investment Summary
Purchase Price €175,000
Taxes (ITP 10%) + €17,500
Notary Fees + €1,470
Registry Fees + €560
Gestoría Fees + €525
Valuation + Other + €339

Total Investment €195,394
Est. Monthly Rent €930/mo
Est. Annual Rent €11,160/yr

Est. Yield 5.71%
Days on Market
77
First seen
2025-12-16
View on Idealista