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, partial sea views, and access to a communal rooftop terrace. Elevator installation approved, enhancing future accessibility and 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 for rentals
  • Unique architectural features and high ceilings attract premium tenants
  • Elevator installation will improve accessibility and value
Cons
  • No private terrace or balcony limits outdoor space
  • Currently no elevator, which may deter some tenants until installation is complete
  • Premium pricing relative to local rental yield may compress returns
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 €1,306/mo
Est. Annual Rent €15,669/yr

Est. Yield 3.56%
Days on Market
48
First seen
2026-01-14
View on Idealista