Active ID: 110421329 Casco Histórico

Flat / apartment for sale in Casco Histórico-Santa Cruz

1 Bed • 1 Bath • 31 m²

€197,000

↓ 6.2% from €210,000
€197,000 2026-03-07
€210,000 2026-01-27
AI Analyst
Holiday Rental

"Recently renovated 1-bedroom apartment in Alicante’s historic center offers strong short-term rental appeal, but its status as a non-residential (commercial) unit introduces significant legal and financing risks for investors."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime location in Alicante’s historic center, ideal for tourists
  • Fully renovated and ready for immediate use
  • Balcony with attractive views over the square
Cons
  • No residential change of use—legal and mortgage risks
  • Very small size (31 m²) limits tenant profile
  • No elevator, which may deter some guests
Description

Charming apartment located in the heart of Alicante's historic center, on Placeta de San Cristóbal. It has a living room with an open-plan kitchen, a separate bedroom, and a bathroom. The property has a surface area of 31 m² and a small balcony overlooking the square and its surroundings. It is a renovated commercial space, with no change of use to residential. The renovation was carried out approximately two years ago and the property is in very good condition, equipped and ready for use. Ideal as an investment due to its location and state of repair.

Features
Terrace/Balcony
Air Conditioning
Investment Summary
Purchase Price €197,000
Taxes (ITP 10%) + €19,700
Notary Fees + €1,655
Registry Fees + €630
Gestoría Fees + €591
Valuation + Other + €339

Total Investment €219,915
Est. Monthly Rent €853/mo
Est. Annual Rent €10,234/yr

Est. Yield 4.65%
Days on Market
80
First seen
2026-01-27
View on Idealista