Active ID: 110227209 Centro Tradicional

Flat / apartment for sale in Calle Bilbao

3 Bed • 2 Bath • 60 m² • Floor 5

€260,000

AI Analyst
Long-term Rental

"Prime central Alicante apartment with strong value-add potential: 60m², 3 bedrooms, and terrace, steps from Explanada and Postiguet Beach. Full renovation required, offering investors a rare opportunity to reposition in a high-demand urban location."

Negotiation Leverage Balanced
Value Add Full interior renovation (kitchen, bathrooms, flooring, windows) to modern standards
Pros
  • Exceptional city-center location near Explanada and beach
  • Strong rental demand and liquidity in prime Alicante
  • Flexible layout with terrace and elevator access
Cons
  • Requires complete renovation, increasing upfront capital outlay
  • Small size for a 3-bedroom may limit premium rents
  • Potential for noise and higher community fees in central urban setting
Description

Create your Ideal Home Next to Explanada Welcome to an exclusive apartment located next to the Explanada in Alicante, right in the heart of the city. With a surface area of 60 square meters, this property is in its original condition and requires complete renovation, making it an exceptional opportunity to design a fully personalized home in one of Alicante's most sought-after areas. It features three bedrooms and two full bathrooms, one of which is en suite, as well as a separate kitchen. The terrace, now enclosed and incorporated into the living room, adds spaciousness and light to the main area. Upon entering, you are greeted by a space full of possibilities, where natural light flows freely thanks to its well-designed layout. The apartment offers an ideal foundation for creating a modern, functional interior adapted to all stages of life. Its structure allows for the design of accessible, comfortable spaces with a distinctive style. Its location, just steps from the Rambla, the Explanada, and Postiguet Beach, makes this property a true gem, both for living in and for generating high rental income. The combination of potential, spaciousness, and location makes this apartment an opportunity that is hard to beat. This is your opportunity to transform a space with great potential into an urban retreat in one of Alicante's most iconic areas. Located in the heart of Alicante, on the prestigious Calle Bilbao, this property offers unparalleled access to the vibrant urban life and Mediterranean charm that define this coastal city. Ideal for those seeking a balance between luxury and accessibility, this location is perfect for professionals, families, and sea lovers who wish to enjoy the sophistication of an urban environment without sacrificing the serenity of the Mediterranean. Alicante boasts exceptional infrastructure, with an efficient public transport network including buses and trams, providing easy access to the entire city. Alicante-Elche Airport is just a 20-minute drive away, offering convenient connections to international destinations. Nearby, you can enjoy a variety of leisure activities, from relaxing strolls along the iconic Explanada Promenade to exploring Santa Bárbara Castle, a symbol of the region's rich history. Golden sandy beaches, such as Playa del Postiguet, are just a few minutes' walk away, offering a perfect escape on sunny days. The location also boasts proximity to exclusive restaurants, luxury boutiques, and a vibrant nightlife. Furthermore, the city hosts cultural events and festivals that enrich the experience of living in Alicante. With all that this location has to offer, Calle Bilbao stands out as a coveted address that blends Mediterranean charm with urban elegance, inviting its residents to enjoy a truly exceptional lifestyle.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €260,000
Taxes (ITP 10%) + €26,000
Notary Fees + €2,184
Registry Fees + €832
Gestoría Fees + €780
Valuation + Other + €339

Total Investment €290,135
Est. Monthly Rent €1,098/mo
Est. Annual Rent €13,177/yr

Est. Yield 4.54%
Days on Market
59
First seen
2026-01-03
View on Idealista