Active ID: 110113022 Centro Tradicional

Flat / apartment for sale in Calle Castaños, 5

3 Bed • 2 Bath • 101 m² • Floor 1

€380,000

↑ 5.6% from €360,000
€380,000 2026-03-07
€360,000 2025-12-15
AI Analyst
Long-term Rental

"Fully renovated, designer 3-bedroom apartment in Alicante’s prime Centro-Tradicional district offers modern finishes, abundant natural light, and immediate access to top amenities—positioned for stable long-term rental demand and capital preservation."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime central location with high tenant demand
  • Completely renovated with high-quality materials
  • Functional, modern layout maximizing space and light
Cons
  • Gross rental yield below 5% limits cash flow upside
  • No terrace or outdoor space, which may deter some tenants
  • Premium pricing for area reduces margin for appreciation
Description

Unique opportunity in the heart of Alicante – Calle Castaños 5 For sale: completely renovated, brand-new apartment, located on one of the most exclusive and sought-after streets in the center of Alicante. A home with excellent qualities, modern distribution, and exceptional luminosity. Main features: - 3 bedrooms - 2 complete designer bathrooms - Open-plan kitchen to the living room, modern and functional - Very bright and well-used spaces - Recent comprehensive renovation with high-quality materials About the images: Our design studio has created an AI-powered decoration proposal so you can better visualize the potential of the space and get a clear idea of the apartment's dimensions. After those images, you will find the real photographs of the property without virtual decoration. Located a few steps from the Paseo and all the gastronomic, commercial, and cultural offerings of the center of Alicante. And very important: You won't find a new, designer apartment in a better location and at a better price in this area. An exceptional opportunity both for living and for investing with high profitability.

Features
Elevator
Air Conditioning
Exterior
Investment Summary
Purchase Price €380,000
Taxes (ITP 10%) + €38,000
Notary Fees + €3,192
Registry Fees + €1,216
Gestoría Fees + €1,140
Valuation + Other + €339

Total Investment €423,887
Est. Monthly Rent €1,411/mo
Est. Annual Rent €16,927/yr

Est. Yield 3.99%
Days on Market
123
First seen
2025-12-15
View on Idealista