Active ID: 109969507 Mercado

Flat / apartment for sale in Mercado

6 Bed • 4 Bath • 242 m²

€550,000

AI Analyst
Coliving

"Spacious 242 m² apartment in Alicante’s prime Mercado area offers rare six-bedroom layout, abundant natural light, and two balconies with castle views—ideal for value-add investors seeking flexibility and strong urban demand."

Negotiation Leverage Balanced
Value Add Divide into two units and modernize interiors
Pros
  • Large 242 m² floorplan with six bedrooms and three bathrooms
  • Prime Mercado location with strong rental demand and urban amenities
  • Potential to split into two apartments for higher yield
Cons
  • Low gross yield (~3.6%) in current configuration
  • Likely requires significant renovation to maximize value
  • High price point may limit buyer pool and increase holding risk
Description

This large apartment located in the sought-after Mercado area of Alicante, specifically on Calle Belando, offers exceptional space, brightness and investment potential. With six bedrooms, three full bathrooms, a guest toilet and a generous 60 m² living room, the property provides comfort and versatility for families or investors alike. Its southeast orientation ensures natural light all day long, creating warm and pleasant interiors. The apartment boasts two spacious balconies ideal for outdoor living and for enjoying open views of Santa Bárbara Castle. The neighbourhood is lively and extremely convenient, with supermarkets, pharmacies, schools, cafés and a wide range of shops just steps away. A major advantage for investors is the possibility of dividing the property into two independent apartments, significantly increasing flexibility and profitability. Living in Calle Belando means enjoying one of the best and most in-demand areas of Alicante, with an excellent lifestyle and unbeatable urban convenience. Key Features: Six bedrooms Three full bathrooms + guest toilet 60 m² living room Southeast orientation, very bright Two large balconies Views of Santa Bárbara Castle Prime Mercado location Shops and services all around Can be divided into two apartments If you are interested in the property, please contact us.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €550,000
Taxes (ITP 10%) + €55,000
Notary Fees + €4,620
Registry Fees + €1,760
Gestoría Fees + €1,650
Valuation + Other + €339

Total Investment €613,369
Est. Monthly Rent €1,650/mo
Est. Annual Rent €19,800/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
96
First seen
2025-11-27
View on Idealista