Active ID: 111153324 Casco Histórico

House for sale in Casco Histórico-Santa Cruz

2 Bed • 1 Bath • 38 m²

€175,000

AI Analyst
Holiday Rental

"Charming historic house in Alicante’s Old Town with potential for rooftop terrace and city views. Full renovation required, but unique location and architectural features offer strong upside for value-add investors seeking character and centrality."

Negotiation Leverage Balanced
Value Add Full renovation, add rooftop terrace, modernize interiors while preserving original features
Pros
  • Prime location in Alicante’s historic center, close to beach and amenities
  • Potential to add value through renovation and rooftop terrace
  • Unique architectural features (original tiles, beams, façade)
Cons
  • Requires complete renovation, increasing upfront capital outlay
  • Small size (38 m²) limits long-term rental appeal
  • No elevator or existing terrace; exterior access may be limited
Description

Welcome to this unique property located in the picturesque neighborhood of Santa Cruz, in the heart of Alicante's Old Town. This peaceful and authentic area, with its cobbled streets and traditional architecture, offers a true sense of history while being just a short walk from the city's vibrant life, shops, restaurants, and the beach. The property requires full renovation but offers excellent potential. There is the possibility to build an additional floor and create a private rooftop terrace with stunning views over the city, the Santa Bárbara Castle, and the sea. The current layout includes one bedroom, one bathroom, a kitchen, and a living room. Inside, you'll find charming original features such as traditional floor tiles, exposed wooden beams, high ceilings, and a preserved façade that adds to the property's character. A perfect opportunity for those looking for a personal project or investment in one of Alicante's most genuine and sought-after areas.

Features
Investment Summary
Purchase Price €175,000
Taxes (ITP 10%) + €17,500
Notary Fees + €1,470
Registry Fees + €560
Gestoría Fees + €525
Valuation + Other + €339

Total Investment €195,394
Est. Monthly Rent €938/mo
Est. Annual Rent €11,256/yr

Est. Yield 5.76%
Days on Market
6
First seen
2026-04-10
View on Idealista