Active ID: 109989812 Mercado

Flat / apartment for sale in Calle Belando

6 Bed • 4 Bath • 242 m² • Floor 5

€565,000

AI Analyst
Coliving

"Spacious 242 m² apartment in central Alicante with 6 bedrooms, 4 bathrooms, and panoramic castle views offers significant customization potential in a prime location near the Central Market, ideal for value-add investors seeking scale."

Negotiation Leverage Balanced
Value Add Modernize kitchen, bathrooms, and interior finishes to unlock higher rental yields or reposition as premium coliving.
Pros
  • Prime central location near Central Market and amenities
  • Large floorplan with 6 bedrooms and 4 bathrooms, rare in city center
  • Excellent natural light, views, and recently renovated building entrance
Cons
  • Dated interiors require significant modernization investment
  • Current rental yield is low relative to asking price
  • High community fees and optional parking add to holding costs
Description

Apartment available in the very heart of traditional Alicante, very spacious and with a stately design on the 5th floor, very close to the Central Market. Of origin and very well preserved, it is distributed in a 60 m2 living-dining room, 2 large balconies with fabulous views of the Santa Barbara castle, a large independent equipped kitchen with an office area, 6 bedrooms and 4 bathrooms. Interesting option to personalize to your liking, very bright and with excellent possibilities to live comfortably, in a quiet neighborhood and surrounded by multiple shops and usual services, with public transport stops at street level. An important detail is that the building entrance has been recently renovated and has 2 elevators. Option of 3 parking spaces, each for €30,000 Community fees €100/month. Annual property tax €900.

Features
Elevator
Terrace/Balcony
Parking
Exterior
Investment Summary
Purchase Price €565,000
Taxes (ITP 10%) + €56,500
Notary Fees + €4,746
Registry Fees + €1,808
Gestoría Fees + €1,695
Valuation + Other + €339

Total Investment €630,088
Est. Monthly Rent €1,695/mo
Est. Annual Rent €20,340/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
96
First seen
2025-11-29
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