Active ID: 110611678 Centro Tradicional

Flat / apartment for sale in Calle del Médico Pascual Pérez, 31

5 Bed • 2 Bath • 163 m² • Floor 3

€389,000

AI Analyst
Long-term Rental

"Spacious 5-bedroom, 163 m² exterior apartment with terrace in Alicante’s prime Centro-Tradicional area offers significant value-add potential through renovation, benefiting from abundant natural light, high ceilings, and a private garden in a sought-after urban location."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards, potential redistribution to optimize bedroom/bathroom count
Pros
  • Prime central Alicante location with strong rental demand
  • Large floor area and flexible layout ideal for families or sharers
  • Significant value-add opportunity through renovation
Cons
  • Requires substantial renovation investment
  • Older building may have higher maintenance costs
  • Third floor may be less attractive despite elevator
Description

5-BEDROOM EXTERIOR APARTMENT WITH TERRACE IN THE CENTER OF ALICANTE Spacious apartment of 163 m² built, 145 m² useful, located in the heart of Alicante, on the third floor with elevator and completely exterior, which provides excellent natural light throughout the day. The home has 5 bedrooms, spacious rooms, high ceilings, and a very comfortable layout, in addition to having a terrace. This is an apartment to renovate, with a lot of potential, offering multiple possibilities for redistribution and design to create a custom home or an interesting investment in one of the most sought-after areas of Alicante. The building has an elevator and a private garden with abundant vegetation, perfect as a play area for children or as a space for rest and relaxation. Located in a consolidated environment, surrounded by all types of services, shops, restaurants, and public transport, with excellent communication and all services within walking distance. An excellent opportunity for those seeking spaciousness, natural light, and a privileged location in the center of Alicante. Do not hesitate to contact us for more information or to arrange a visit.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Garden
Investment Summary
Purchase Price €389,000
Taxes (ITP 10%) + €38,900
Notary Fees + €3,268
Registry Fees + €1,245
Gestoría Fees + €1,167
Valuation + Other + €339

Total Investment €433,918
Est. Monthly Rent €2,074/mo
Est. Annual Rent €24,893/yr

Est. Yield 5.74%
Days on Market
19
First seen
2026-02-12
View on Idealista