Active ID: 111215095 Mercado

Flat / apartment for sale in Calle del Alcalde Alfonso de Rojas, 3

4 Bed • 2 Bath • 155 m² • Floor 4

€380,000

AI Analyst
Long-term Rental

"Spacious 4-bedroom apartment in central Alicante with terrace, garage, and elevator offers strong value-add potential through renovation in a prime, well-connected residential area."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards, especially kitchen and bathrooms, to maximize rental yield and capital appreciation.
Pros
  • Large floor area (155 m² built, 121 m² usable) with 4 bedrooms—rare in city center.
  • Prime location near Alicante Central Market, transport, schools, and hospital.
  • Includes garage, elevator, terrace, and built-in wardrobes—highly desirable amenities.
Cons
  • Requires significant renovation to achieve premium rents or resale value.
  • North-facing terrace limits sun exposure; may affect desirability for some tenants.
  • Estimated gross yield (~4.6%) is moderate; value-add is essential for strong returns.
Description

Great Investment Opportunity in Alicante Excellent investment opportunity in 155 m² of cadastral built area (121 m² usable), offering 4 bedrooms and 2 bathrooms, with a 5 m² private north-facing terrace and views of the Bullring, with elevator and garage in the same building, ideal for creating a home tailored to you. Its layout of 4 rooms provides spaciousness and light, ideal for a renovation project that enhances each space with a contemporary style without losing the building’s character. Notable features include parquet floors, built-in wardrobes, and heat-pump climate control, providing comfort and functionality. The terrace adds an intimate outdoor space to enjoy the city’s rhythm. An exceptional opportunity to transform a home with great potential into a luxury property in one of the city’s most sought-after areas. The home is set in a residential area, renowned for its proximity to all services, schools, tram and bus stops, and five minutes from Alicante General Hospital. It is ideal for those who value being close to the city center without giving up the calm of a well-kept environment. Infrastructure is excellent: shops (five minutes from Alicante Central Market), dining, medical centers (the Hospital) and schools (the Official School of Languages, Jorge Juan Secondary School), plus fast connections. Alicante city center is reached in approx. 10 min on foot or 5 min by car; Alicante-Terminal station in 20 min on foot or 8 min by car; and Alicante–Elche Airport in approx. 20–25 min by car. For leisure, enjoy the Port and the Esplanade in 10–15 min on foot, and Postiguet Beach in 20–25 min on foot or 10 min by car, with culture, shopping and social life within easy reach. As a distinctive feature, it combines accessibility, prestige and proximity to the sea. An address to experience Alicante with elegance, its own pace, and immediate access to the best of the city.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Investment Summary
Purchase Price €380,000
Taxes (ITP 10%) + €38,000
Notary Fees + €3,192
Registry Fees + €1,216
Gestoría Fees + €1,140
Valuation + Other + €339

Total Investment €423,887
Est. Monthly Rent €1,465/mo
Est. Annual Rent €17,580/yr

Est. Yield 4.15%
Days on Market
6
First seen
2026-04-17
View on Idealista