Active ID: 110120386 Centro Tradicional

Flat / apartment for sale in Calle Cándida Jimeno Gargallo

4 Bed • 2 Bath • 157 m² • Floor 3

€550,000

AI Analyst
Long-term Rental

"Prime central Alicante apartment with historic charm, high ceilings, and balconies offers significant value-add potential through renovation, leveraging its premium location near the Explanada and Postiguet beach for strong long-term rental or resale appeal."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards while preserving original features
Pros
  • Exceptional central location near major amenities and beach
  • Large, bright living spaces with historic architectural details
  • High ceilings and multiple balconies enhance desirability
Cons
  • Requires substantial renovation investment
  • Current rent yield is low relative to asking price
  • Potential overvaluation due to premium location and renovation needs
Description

Spacious and bright home located in an emblematic building in the center of Alicante, very close to the Explanada de España. Note: The first images of the interior of the home are digital recreations for illustrative purposes of how it could look after renovation and do not reflect the current state of the home. The Potential: The home is in its original condition, preserving traditional elements such as hydraulic tile floors, high ceilings that provide great spaciousness, original solid wood doors, and architectural details that deserve to be restored and integrated into a new interior design project. Social Area: An imposing living-dining room full of light thanks to its large windows and three balconies facing the street. It features a built-in bookcase that presides over the room, ideal for keeping as a signature element. Private Area: Currently has 4 bedrooms (the master with an en-suite bathroom and a large independent dressing room). Given the surface area, the renovation allows for redesigning the space to easily obtain a third bedroom without losing spaciousness. Extras: Independent kitchen ready for updating, second full bathroom. Premium Location steps from Postiguet beach and surrounded by all kinds of services and shops. You are not just buying square meters, you are buying the possibility of living your way in one of the most exclusive properties in the city.

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 €1,866/mo
Est. Annual Rent €22,387/yr

Est. Yield 3.65%
Days on Market
123
First seen
2025-12-15
View on Idealista