Active ID: 110108811 Centro Tradicional

Flat / apartment for sale in Av Dr Gadea

4 Bed • 2 Bath • 141 m² • Floor 4

€635,000

↓ 5.2% from €670,000
€635,000 2026-04-07
€670,000 2025-12-15
AI Analyst
Long-term Rental

"Spacious 4-bedroom apartment in Alicante’s prime Centro-Tradicional area, featuring two unique glazed terraces, modern amenities, and panoramic city views—offering strong appeal for urban professionals and families seeking central, high-quality living."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to increase rental yield and tenant appeal
Pros
  • Prime central location near major shopping and transport
  • Unique dual glazed terraces with city and castle views
  • Spacious layout with four bedrooms and modern air conditioning
Cons
  • Older finishes (terrazzo floors, dated kitchen/bathrooms) may deter premium tenants
  • Monthly rent yields a modest gross yield (~3.5%), below typical investor targets
  • Optional garage not included in price, adding to acquisition cost
Description

Dream apartment located on Avd. Doctor Gadea, in the heart of Alicante with excellent qualities. 2 minutes from Avd. Maisonnave, which has shops from various business groups, two El Corte Inglés buildings, banks, and tapas and restaurant venues, close to all services and transport. This extraordinary 141 m2 exterior and very bright property consists of 4 bedrooms, all of them spacious, 1 large living-dining room with the possibility of two environments, 2 full bathrooms, 1 of them in the master bedroom, 1 large kitchen, and 2 glazed terraces (it is the only apartment in the building with these features). The property is equipped with built-in wardrobes, air conditioning in the living room and the master bedroom installed a year ago, an electric water heater, and terrazzo floors. From its terraces, you can see the center of Alicante and a wonderful view of the Santa Barbara Castle. The property has an optional parking space in the same building. DO NOT HESITATE TO CALL US TO REQUEST AN APPOINTMENT. This publication is merely informative, indicative, and non-binding, so it does not imply any contractual information, and its use is strictly commercial. This advertisement may contain errors; it is shown for information purposes based on the information received, and the real estate agency is not responsible for such errors.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €635,000
Taxes (ITP 10%) + €63,500
Notary Fees + €5,334
Registry Fees + €2,032
Gestoría Fees + €1,905
Valuation + Other + €339

Total Investment €708,110
Est. Monthly Rent €1,842/mo
Est. Annual Rent €22,108/yr

Est. Yield 3.12%
Days on Market
177
First seen
2025-12-15
View on Idealista