Active ID: 109668397 Centro Tradicional

Flat / apartment for sale in Avenida de Ramón y Cajal, 3

5 Bed • 3 Bath • 290 m² • Floor 4

€1,500,000

AI Analyst
Long-term Rental

"Prime 290 sqm seafront apartment in Alicante’s Centro-Tradicional, offering panoramic Mediterranean views, five bedrooms, and significant renovation potential—ideal for investors seeking value creation in a trophy location."

Negotiation Leverage Balanced
Value Add Full interior modernization to luxury standard, optimize layout for open-plan living, upgrade terrace integration.
Pros
  • Exceptional seafront location with 15 meters of frontage and panoramic views
  • Large 290 sqm floorplan with five bedrooms—rare in central Alicante
  • Significant value-add potential through renovation in a high-demand area
Cons
  • Original condition requires substantial capital expenditure for modernization
  • Estimated gross yield (~2.2%) is low for the price point without value-add
  • Luxury segment may face longer absorption periods and liquidity risk
Description

Apartment with Caracter and Privileged Views A seafront gem, waiting to shine. In the heart of Alicante, facing the port and with the Mediterranean as your neighbour, lies this 290-square-meter home that has everything it needs to become a true spectacle. With 15 meters of seafront, every corner offers light, spaciousness, and possibilities. The property is preserved in its original condition, making it a unique opportunity for those looking to create a custom home with character and in a privileged location. Imagine designing each space with your style, opening the living room to a terrace that blends with the horizon, and waking up every morning to the sound of the waves as your soundtrack. It features five generous bedrooms, three full bathrooms, one en suite, a relaxation area with a sauna, a separate kitchen with a utility area, and a spacious living room that connects directly to the terrace. All this in a layout that invites you to dream big. This home is not just a house: it is a blank canvas facing the sea, ready to be transformed into the perfect retreat, the ideal investment, or the project you've been waiting for. If you're looking for space, views, location, and potential, this is it. And it's waiting for you.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €1,500,000
Taxes (ITP 10%) + €150,000
Notary Fees + €12,600
Registry Fees + €4,800
Gestoría Fees + €4,500
Valuation + Other + €339

Total Investment €1,672,239
Est. Monthly Rent €2,800/mo
Est. Annual Rent €33,600/yr

Est. Yield 2.01%
Days on Market
129
First seen
2025-10-25
View on Idealista