Active ID: 109846676 Centro Tradicional

Flat / apartment for sale in Centro Tradicional

3 Bed • 2 Bath • 121 m² • Floor 3

€600,000

AI Analyst
Long-term Rental

"Prime 3-bedroom apartment in Alicante’s Plaza de los Luceros, offering panoramic views, modern amenities, and a stately layout. Strong location fundamentals but moderate rental yield limits short-term upside for yield-focused investors."

Negotiation Leverage Balanced
Value Add Update kitchen and bathrooms for premium positioning
Pros
  • Prestigious central location with iconic plaza views
  • Spacious layout with balcony and natural light
  • No buyer commission, reducing transaction costs
Cons
  • Gross rental yield below 3.1%, limiting cash flow
  • Potential for higher maintenance due to older building
  • Modernization needed to maximize rental or resale value
Description

"NO COMMISSION CHARGED TO THE BUYER" Spacious and bright home located in the best part of the city, on the emblematic Plaza de los Luceros. It is a stately apartment with three bedrooms, a wonderful living-dining room with a balcony and frontal views of Plaza de los Luceros, an independent eat-in kitchen plus a laundry area, and two full bathrooms. The home is in very good condition, has marble floors throughout the apartment, centralized hot-cold air conditioning, and radiator heating.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €600,000
Taxes (ITP 10%) + €60,000
Notary Fees + €5,040
Registry Fees + €1,920
Gestoría Fees + €1,800
Valuation + Other + €339

Total Investment €669,099
Est. Monthly Rent €1,538/mo
Est. Annual Rent €18,458/yr

Est. Yield 2.76%
Days on Market
96
First seen
2025-11-27
View on Idealista