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 strong natural light, efficient layout, and exterior rooms—making it a prime candidate for value-add renovation and attractive long-term or holiday rental yields."

Negotiation Leverage Balanced
Value Add Comprehensive interior renovation (kitchen, bathroom, finishes) to modern standards
Pros
  • Prime central location with high rental demand
  • Excellent natural light and cross-ventilation due to corner, exterior position
  • Efficient, versatile layout suitable for modern redesign
Cons
  • Requires significant renovation to achieve full value potential
  • Two-bedroom configuration may limit appeal to larger families
  • Potential competition from newer or already renovated units in the area
Description

Great Investment Opportunity In the heart of Alicante is this original property, a true opportunity for those looking to invest in a property with great potential for revaluation. Its corner location, open to two streets, gives it extraordinary luminosity that floods all the main rooms, a highly valued asset in both the sales and rental markets. The apartment currently has two bedrooms, a full bathroom, a separate kitchen, and a living room with large natural light entrances. Its practically square layout makes the distribution a strong point, as it allows for a versatile and efficient renovation, adapted to current design trends 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 a primary residence, long-term rental, or even as a tourist rental option given its privileged location. It is, in short, an investment with enormous profitability potential 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
216
First seen
2025-11-06
View on Idealista