Active ID: 109489390 Centro Tradicional

Flat / apartment for sale in Calle Castaños, 5

2 Bed • 2 Bath • 98 m² • Floor 1

€380,000

↑ 5.6% from €360,000
€380,000 2026-03-07
€360,000 2025-10-08
AI Analyst
Long-term Rental

"Fully renovated 2-bedroom apartment in Alicante’s Centro-Tradicional, offering high-quality finishes, flexible kitchen customization, and an optional central parking space—ideal for urban professionals seeking modern comfort and city connectivity."

Negotiation Leverage Balanced
Value Add Customize kitchen finishes to maximize appeal; consider furnishing for premium rental yield.
Pros
  • Prime city-center location with strong tenant demand
  • Fully renovated with high-quality materials
  • Flexible kitchen customization enhances tenant/owner appeal
Cons
  • Gross rental yield (~3.95%) is below typical investor targets
  • Parking space incurs an additional €30,000 cost
  • No terrace or outdoor space, limiting appeal to some tenants
Description

Discover this bright, fully renovated apartment with an unbeatable location in the heart of the city. It has 2 bedrooms (plus an additional room, ideal as an office or multipurpose room) and 2 modern bathrooms, one of them en suite, offering the perfect balance between comfort and functionality. The property has been renovated with high-quality materials and has a very special extra: the buyer will be able to choose the kitchen finishes to their liking, to completely adapt it to their lifestyle. Additionally, there will be an option for a parking space in Central Park for an SUV car for €30,000. If you are looking to live in the center, surrounded by services, shops and the best connection to the entire city, this is your opportunity.

Features
Elevator
Air Conditioning
Parking
Exterior
Investment Summary
Purchase Price €380,000
Taxes (ITP 10%) + €38,000
Notary Fees + €3,192
Registry Fees + €1,216
Gestoría Fees + €1,140
Valuation + Other + €339

Total Investment €423,887
Est. Monthly Rent €1,256/mo
Est. Annual Rent €15,069/yr

Est. Yield 3.56%
Days on Market
192
First seen
2025-10-08
View on Idealista