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 161 m² corner apartment in Alicante’s historic center, featuring panoramic views, abundant natural light, and a terrace. Prime location near beach, market, and transit offers strong rental appeal, though interior modernization is needed."

Negotiation Leverage Balanced
Value Add Full interior modernization (kitchen, bathrooms, finishes) to maximize rental yield and capital appreciation.
Pros
  • Prime city center location near beach and amenities
  • All rooms exterior-facing with excellent natural light and views
  • Large size and flexible layout suitable for families or sharers
Cons
  • Requires significant updating to meet modern standards
  • Potentially high renovation costs impacting yield
  • Upper-floor location may deter some tenants despite elevator
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
176
First seen
2025-12-16
View on Idealista