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 m² seafront apartment in Alicante’s Centro-Tradicional, offering panoramic Mediterranean views, five bedrooms, and significant customization potential. Original condition presents a rare value-add opportunity in a trophy location with strong long-term demand."

Negotiation Leverage Balanced
Value Add Full renovation to modern luxury standards, optimize layout, enhance terrace integration.
Pros
  • Exceptional seafront location with 15 meters of frontage and panoramic views
  • Large 290 m² layout with five bedrooms and terrace—rare in city center
  • Significant value-add potential through renovation in a high-demand area
Cons
  • Requires substantial capital expenditure for full modernization
  • Current rental yield is low relative to acquisition cost
  • Potential for lengthy renovation timeline and permitting in historic area
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
174
First seen
2025-10-25
View on Idealista