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 4-bedroom apartment in Alicante’s Centro-Tradicional, offering 157 m² of character features and renovation potential, with high ceilings, balconies, and proximity to Postiguet beach—ideal for value-add investors seeking a premium urban asset."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards while preserving original architectural details
Pros
  • Exceptional central location near beach and amenities
  • Large, bright living spaces with balconies and high ceilings
  • Significant value-add potential through renovation
Cons
  • Requires substantial renovation investment
  • Original condition may deter some tenants or buyers
  • Yield is moderate relative to acquisition and renovation costs
Description

Do you dream of designing your home from scratch but need an exceptional foundation? This is your opportunity. Located in an emblematic 1964 building, this 130 m2 home offers the perfect setting to create a magazine-worthy apartment in the heart of Alicante. 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 property. The Potential: The home is in its original condition, preserving elements that are no longer found: hydraulic tile floors, high ceilings that add grandeur, 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 street-facing balconies. It features a built-in bookshelf that presides over the room, ideal for keeping as a signature element. Private Area: It 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 services. You're not just buying square meters, you're buying the possibility of living your way in one of the most exclusive buildings 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
78
First seen
2025-12-15
View on Idealista