Active ID: 109437183 Centro Tradicional

Flat / apartment for sale in Calle Castaños, 5

2 Bed • 1 Bath • 63 m² • Floor 1

€260,000

AI Analyst
Long-term Rental

"Newly renovated 2-bedroom apartment in Alicante’s sought-after Centro-Tradicional, offering modern finishes, abundant natural light, and optional parking—an attractive turnkey asset for investors seeking stable urban rental demand."

Negotiation Leverage Balanced
Value Add Minor customization of kitchen finishes; otherwise turnkey
Pros
  • Prime central location with strong rental demand
  • Comprehensive modern renovation—minimal immediate capex
  • Optional parking available, rare in city center
Cons
  • Second bedroom is adaptable, not a true double
  • No terrace or outdoor space limits appeal
  • Parking not included in price, adding to total investment
Description

Discover this newly renovated apartment, located in the lower part of Castaños, the quietest and most pleasant area of the center of Alicante. The house has: 1 master bedroom. 1 room (with the possibility of adapting it as a second bedroom). 1 full bathroom. Modern kitchen, where you can choose materials such as the countertop to customize it to your liking. It is a bright property, with a comprehensive renovation in a current style, ideal for both living and investing. In addition, there is the possibility of acquiring a parking space located less than 5 minutes walk in central park, optional and not included in the price, the price of the space is €30,000 for a medium-sized car. A unique opportunity to live in the heart of Alicante with the tranquility you are looking for.

Features
Elevator
Air Conditioning
Parking
Exterior
Investment Summary
Purchase Price €260,000
Taxes (ITP 10%) + €26,000
Notary Fees + €2,184
Registry Fees + €832
Gestoría Fees + €780
Valuation + Other + €339

Total Investment €290,135
Est. Monthly Rent €1,154/mo
Est. Annual Rent €13,844/yr

Est. Yield 4.77%
Days on Market
192
First seen
2025-10-08
View on Idealista