Active ID: 110609839 Centro Tradicional

Flat / apartment for sale in Calle Bazán

2 Bed • 2 Bath • 94 m² • Floor 5

€590,000

AI Analyst
Long-term Rental

"Fully renovated 2-bedroom penthouse in Alicante’s prime Centro-Tradicional district, featuring a large private terrace with panoramic Santa Barbara Castle views. Modern finishes, turnkey condition, and central location offer strong lifestyle appeal and liquidity."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime city center location with high demand for rentals and resale
  • Comprehensive renovation minimizes immediate capex and vacancy risk
  • Large terrace with landmark views enhances rental and resale premiums
Cons
  • Gross yield is low (~2.4%), limiting cash flow for investors
  • 2-bedroom layout restricts coliving or short-term rental optimization
  • Premium pricing for location and renovation may limit future appreciation
Description

Penthouse with terrace and views of Santa Barbara in the heart of Alicante Magnificent, fully renovated penthouse for sale in the heart of Alicante, located in one of the most sought-after areas of the city. The property stands out for its large private terrace with impressive views of Santa Barbara Castle, perfect for enjoying the Mediterranean climate all year round. The penthouse has 2 bedrooms and 2 bathrooms, designed with a modern and functional style, with attention to every detail to offer comfort and brightness in all rooms. The comprehensive renovation provides a contemporary atmosphere, ready to move into. Located in the city center, surrounded by shops, services, and with excellent public transport connections, allowing you to move around the city with complete ease without the need for a vehicle. A unique opportunity to live or invest in an exclusive home, with charm and an unbeatable location.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €590,000
Taxes (ITP 10%) + €59,000
Notary Fees + €4,956
Registry Fees + €1,888
Gestoría Fees + €1,770
Valuation + Other + €339

Total Investment €657,953
Est. Monthly Rent €1,201/mo
Est. Annual Rent €14,415/yr

Est. Yield 2.19%
Days on Market
19
First seen
2026-02-12
View on Idealista