Active ID: 109342319 Casco Histórico

Flat / apartment for sale in Rambla de Méndez Núñez

5 Bed • 2 Bath • 161 m² • Floor 10

€450,000

AI Analyst
Long-term Rental

"Spacious 161m² corner apartment in Alicante’s historic center, offering panoramic views, abundant natural light, and strong rental potential due to its prime location near the beach and public transport."

Negotiation Leverage Balanced
Value Add Modernize kitchen, bathrooms, and finishes to increase rental yield and capital appreciation.
Pros
  • Prime city center location near beach and transport
  • All rooms exterior-facing with excellent views and light
  • Large size and flexible layout for families or sharers
Cons
  • Requires significant updating and renovation
  • Older building may have higher maintenance costs
  • Potential noise due to central, busy location
Description

We present this spacious corner property, entirely exterior, in the traditional city center. Renovated in the 90s, it needs updating with great renovation possibilities. Due to its layout, all rooms face the street. Located on the tenth floor, which provides great luminosity to the entire property. Large eat-in kitchen with views of Santa Barbara Castle and a living room with a fireplace and a terrace with side sea views. It has 4 bedrooms, 2 doubles, 2 singles, and 2 full bathrooms. You have all services at your fingertips. Excellent location 500m from Postiguet beach, next to the Central Market and TRAM stop, right next door.

Features
Elevator
Terrace/Balcony
Exterior
Investment Summary
Purchase Price €450,000
Taxes (ITP 10%) + €45,000
Notary Fees + €3,780
Registry Fees + €1,440
Gestoría Fees + €1,350
Valuation + Other + €339

Total Investment €501,909
Est. Monthly Rent €2,612/mo
Est. Annual Rent €31,350/yr

Est. Yield 6.25%
Days on Market
123
First seen
2025-12-16
View on Idealista