Active ID: 109752859 Centro Tradicional

Flat / apartment for sale in Calle Castaños

2 Bed • 1 Bath • 72 m² • Floor 2

€260,000

AI Analyst
Long-term Rental

"Corner apartment in Alicante’s Centro-Tradicional offers abundant natural light, efficient layout, and strong revaluation potential post-renovation—ideal for investors seeking value in a prime, high-demand urban location."

Negotiation Leverage Balanced
Value Add Comprehensive renovation (modernize kitchen, bathroom, finishes) to maximize rental and resale value.
Pros
  • Prime central location with high rental demand
  • Excellent natural light and cross-ventilation due to corner position
  • Versatile, efficient floor plan suitable for modern renovation
Cons
  • Requires full renovation to achieve market potential
  • Only two bedrooms may limit appeal for larger households
  • Potential competition from newer or already renovated units in the area
Description

Great Investment Opportunity In the heart of Alicante is this original apartment, a genuine opportunity for those looking to invest in a property with great potential for revaluation. Its corner location, open to two streets, gives it extraordinary light that floods all the main rooms, a value highly appreciated in both the sales and rental markets. The apartment currently has two bedrooms, a full bathroom, a separate kitchen, and a living room with ample natural light. Its practically square floor plan makes the distribution a strong point, as it allows for a versatile and efficient renovation, adapted to current trends in design and space utilization. Both the bedrooms, the kitchen, and the living room are exterior, which guarantees cross-ventilation and clarity throughout the day. With a comprehensive renovation, this property can be transformed into a modern and functional home, ideal for permanent residence, long-term rental, or even as a tourist rental option given its privileged location. In short, it is an investment with enormous potential for profitability in one of the most dynamic and sought-after areas of Alicante.

Features
Elevator
Terrace/Balcony
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 €1,174/mo
Est. Annual Rent €14,083/yr

Est. Yield 4.85%
Days on Market
163
First seen
2025-11-06
View on Idealista