Active ID: 110284912 Casco Histórico

Flat / apartment for sale in Calle San Luis

2 Bed • 2 Bath • 110 m²

€550,000

AI Analyst
Holiday Rental

"Recently renovated detached house in Alicante Old Town, split into two independent tourist apartments, offers panoramic sea and castle views from dual rooftop terraces and generates strong short-term rental income, making it a compelling asset for yield-focused investors."

Negotiation Leverage Balanced
Value Add Optimize digital marketing and property management for higher occupancy and ADR
Pros
  • Prime location in historic Santa Cruz with panoramic views
  • Proven high short-term rental yield (€90,000/year)
  • Recently renovated, minimizing immediate capex
Cons
  • Tourist rental income may be vulnerable to regulatory changes
  • Limited long-term rental comparables for valuation
  • Access and parking may be challenging in Old Town
Description

Tourist house with sea views and high rental yield in Alicante Old Town Located at the highest point of the iconic Santa Cruz neighbourhood, in the heart of Alicante’s Old Town, this exclusive detached house enjoys a privileged position with breathtaking panoramic views over the city, Santa Bárbara Castle and the Mediterranean Sea. The property is distributed over four floors and is divided into two fully independent tourist apartments, making it an excellent opportunity for investors or buyers looking for a unique home with strong rental potential. One of the main highlights of the property are its two spectacular rooftop terraces, offering 360° panoramic views over Alicante, considered among the finest private viewpoints in the city. The house has undergone recent renovations, preserving the charm of the historic centre while incorporating modern design, quality finishes and functionality. Thanks to its elevated position and orientation, all rooms benefit from abundant natural light throughout the day. The property currently generates approximately €90,000 per year in short-term tourist rental income, with high occupancy rates and year-round demand, positioning it as one of the most attractive real estate investment opportunities in Alicante. Its location, just minutes from the city centre, port, beach and all services, offers a rare combination of history, views, privacy, location and profitability. Key features Detached house in Alicante Old Town Prime location in Santa Cruz Divided into 2 tourist apartments 4 floors 2 rooftop terraces with 360° panoramic views Sea views and views of Santa Bárbara Castle Recently renovated Bright and light-filled interiors Proven high rental yield: approx. €90,000 per year.

Features
Elevator
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 €1,395/mo
Est. Annual Rent €16,740/yr

Est. Yield 2.73%
Days on Market
2
First seen
2026-05-04
View on Idealista