Active ID: 110794825 Casco Histórico

Flat / apartment for sale in Casco Histórico-Santa Cruz

2 Bed • 2 Bath • 80 m² • Floor 1

€440,000

↓ 2.9% from €453,000
€440,000 2026-03-14
€453,000 2026-03-03
AI Analyst
Long-term Rental

"Fully renovated, move-in ready 2-bedroom apartment in Santa Cruz’s historic center, featuring modern finishes, abundant natural light, and a prime location on Rambla de Méndez Núñez. Strong appeal for urban professionals or short-term tenants."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime central location in historic district
  • Brand new, high-quality renovation—no immediate capex needed
  • Ready to rent furnished, maximizing yield and reducing vacancy
Cons
  • Gross rental yield is modest (~3.1%), limiting upside
  • Limited to two bedrooms—restricts coliving or family rental strategies
  • No private terrace, which may reduce appeal for some tenants
Description

Superb home located on the iconic Rambla de Méndez Núñez, with a brand new renovation! It is a completely remodeled apartment ready to move into. It has two bedrooms, a spacious and sunny living-dining room with large front-facing windows, a fitted kitchen with access to a rear patio-terrace. It has wood-effect stoneware floors, centralized hot-cold air conditioning, white lacquered interior doors, aluminum exterior carpentry with Climalit, and a reinforced access door. Everything is in excellent condition and it is sold as is, furnished and with appliances. Very good stately building in an unbeatable location.

Features
Elevator
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €440,000
Taxes (ITP 10%) + €44,000
Notary Fees + €3,696
Registry Fees + €1,408
Gestoría Fees + €1,320
Valuation + Other + €339

Total Investment €490,763
Est. Monthly Rent €1,154/mo
Est. Annual Rent €13,847/yr

Est. Yield 2.82%
Days on Market
46
First seen
2026-03-03
View on Idealista