Active ID: 110260190 Centro Tradicional

Flat / apartment for sale in Calle Castaños

3 Bed • 1 Bath • 115 m² • Floor 2

€315,000

AI Analyst
Long-term Rental

"Prime central Alicante apartment with terrace, elevator, and strong natural light. Flexible layout offers value-add potential by reconfiguring to 4 bedrooms/2 baths, maximizing both rental yield and resale value in a sought-after location."

Negotiation Leverage Balanced
Value Add Reconfigure to 4 bedrooms/2 bathrooms; modernize kitchen and bathroom finishes
Pros
  • Exceptional city center location near beach and amenities
  • Potential to increase bedroom/bathroom count for higher yield
  • All exterior with terrace and elevator, enhancing tenant appeal
Cons
  • Currently only 1 bathroom limits immediate rental flexibility
  • Requires renovation to unlock full value
  • Second floor may be less desirable for some tenants despite elevator
Description

Apartment in the heart of Alicante, next to the Explanada and a few meters from the sea. Located on Castaños street, on a second floor with an elevator, this spacious 110 m2 apartment stands out for its excellent location and great luminosity, as it is all exterior and has a terrace overlooking the street. Currently, it has 3 bedrooms and 1 bathroom, although its distribution allows for a renovation to achieve 4 bedrooms and 2 bathrooms, making better use of the spaces and increasing its value. An ideal opportunity for those looking to live in the heart of Alicante, surrounded by services, shops, the Rambla and just a few steps from the promenade and the beach.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €315,000
Taxes (ITP 10%) + €31,500
Notary Fees + €2,646
Registry Fees + €1,008
Gestoría Fees + €945
Valuation + Other + €339

Total Investment €351,438
Est. Monthly Rent €1,458/mo
Est. Annual Rent €17,492/yr

Est. Yield 4.98%
Days on Market
53
First seen
2026-01-09
View on Idealista