Active
ID: 109885133
Casco Histórico
Flat / apartment for sale in Calle Rafael Altamira
3 Bed • 2 Bath • 100 m² • Floor 4
€450,000
AI Analyst
Long-term Rental"Well-located 3-bedroom flat in Alicante’s historic center offers stable rental demand, modern amenities, and elevator access, but limited value-add potential and modest yield may constrain upside for yield-focused investors."
Negotiation
Leverage
Balanced
Value Add
Minor cosmetic upgrades (paint, furnishings)
Pros
- •Prime location in historic center (casco-historico) supports strong tenant demand
- •Elevator and air conditioning increase tenant appeal and rental value
- •Turnkey condition with furnishings reduces upfront renovation costs
Cons
- •Gross yield (~3.4%) is below typical investor targets for the area
- •No terrace or outdoor space, which may limit premium rental pricing
- •Limited scope for significant value-add or repositioning
Description
Flat for sale in Alicante/Alacant, with 100 m², 3 rooms and 2 bathrooms, Lift, Furnished and Air conditioning.
Features
Elevator
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price
€450,000
+ Fees & Taxes
+ €51,909
Taxes (ITP 10%)
+ €45,000
Notary Fees
+ €3,780
Registry Fees
+ €1,440
Gestoría Fees
+ €1,350
Valuation + Other
+ €339
Total Investment
€501,909
Est. Monthly Rent
€1,322/mo
Est. Annual Rent
€15,860/yr
Est. Yield
3.16%
High
(8 Comps)
Days on Market
176
First seen
2025-12-16