Active ID: 110278664 Casco Histórico

Flat / apartment for sale in Casco Histórico-Santa Cruz

2 Bed • 1 Bath • 83 m² • Floor 2

€395,000

AI Analyst
Long-term Rental

"Historic 2-bedroom apartment in Casco Histórico offers original architectural features, high ceilings, and partial sea views. Communal rooftop terrace and approved elevator installation enhance long-term value in a prime, character-rich location."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms; capitalize on elevator installation
Pros
  • Prime historic location with strong demand
  • Unique architectural features and high ceilings
  • Future elevator installation adds accessibility and value
Cons
  • No private terrace or balcony
  • Currently no elevator (installation pending)
  • Rental yield below 4% at asking price
Description

Charming historic apartment on Villavieja Street with sea views and communal terrace Located on one of the city’s most characterful streets, this charming apartment on Villavieja Street stands out for its historic charm and unique architectural features. The property offers high ceilings with original wooden beams and an open-plan layout that provides a bright, spacious, and welcoming atmosphere. The apartment enjoys pleasant partial sea views, while the building features a communal rooftop terrace with stunning panoramic views of the sea and the city, perfect for relaxing and enjoying the surroundings. The building retains beautiful original details and has significant historical character. Although there is currently no elevator, its installation has already been approved, representing a valuable future improvement. A unique opportunity for those seeking a distinctive home with character, history, and an excellent location, whether as a primary residence, or second home. [IW].

Features
Elevator
Air Conditioning
Exterior
Investment Summary
Purchase Price €395,000
Taxes (ITP 10%) + €39,500
Notary Fees + €3,318
Registry Fees + €1,264
Gestoría Fees + €1,185
Valuation + Other + €339

Total Investment €440,606
Est. Monthly Rent €1,313/mo
Est. Annual Rent €15,754/yr

Est. Yield 3.58%
Days on Market
93
First seen
2026-01-14
View on Idealista