Active ID: 110333562 Mercado

Flat / apartment for sale in Calle Maestro Gaztambide

3 Bed • 1 Bath • 119 m² • Floor 0

€219,000

↓ 25.0% from €292,000
€219,000 2026-04-07
€245,000 2026-03-07
€260,000 2026-02-17
€285,000 2026-02-02
€292,000 2026-01-16
AI Analyst
Long-term Rental

"Spacious 119m² ground floor apartment in Mercado, Alicante, offers strong rental demand and flexible layout, including potential to split into two units. Excellent privacy, central location, and renovation upside enhance investment appeal."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathroom; consider reconfiguring layout to create two rental units
Pros
  • Prime Mercado location with high rental demand
  • Large 119m² footprint and flexible layout
  • Potential to increase yield by splitting into two units
Cons
  • Ground floor may limit natural light and rental premium
  • Requires renovation to maximize value
  • Single bathroom may limit appeal for larger households or coliving
Description

Fantastic apartment for sale with very good and diverse renovation possibilities and a very good distribution of rooms, making it possible to accommodate large spaces, even separating it into two homes. It currently has three bedrooms, a living room, a huge independent kitchen, and a bathroom. It is a quiet and silent exterior ground floor. Also very interesting as an investment, as the average rent in the area for similar apartments is 1,600 euros per month. The home is located in the Mercado area, one of the most in-demand areas currently, in full boom, a cosmopolitan neighborhood where you can enjoy a wide variety of leisure and culture. The street is very quiet and the neighborhood is ideal for those who like to enjoy the city center. The building has only one neighbor per floor, which provides the home with a lot of privacy, and it also has all services at street level and very good transport links. If you are interested in visiting it or have any questions or doubts, you can write or call me at 6 2 6 5 0 2 8 9 5.

Features
Elevator
Exterior
Investment Summary
Purchase Price €219,000
Taxes (ITP 10%) + €21,900
Notary Fees + €1,840
Registry Fees + €701
Gestoría Fees + €657
Valuation + Other + €339

Total Investment €244,436
Est. Monthly Rent €1,300/mo
Est. Annual Rent €15,597/yr

Est. Yield 6.38%
Days on Market
92
First seen
2026-01-16
View on Idealista