Active ID: 111225486 Casco Histórico

Flat / apartment for sale in Rambla de Méndez Núñez

5 Bed • 2 Bath • 160 m² • Floor 10

€450,000

AI Analyst
Long-term Rental

"Prime 160 m² corner apartment in Alicante’s historic center, offering panoramic views, terrace, and flexible layout. High-floor positioning, dual entrances, and proximity to beach and amenities make it a compelling value-add investment opportunity."

Negotiation Leverage Balanced
Value Add Full interior modernization (kitchen, bathrooms, flooring, windows) to contemporary standards
Pros
  • Exceptional central location near beach, market, and transport
  • High floor with abundant natural light and panoramic views
  • Large, flexible layout with strong renovation potential
Cons
  • Requires significant renovation to maximize value
  • Older building systems may need updating
  • Potential noise due to central, busy location
Description

Spacious corner apartment located on the Rambla Méndez Núñez, in the heart of Alicante´s historic center. Situated on the tenth floor, the property enjoys exceptional natural light and open views thanks to its height and its all-exterior orientation, with rooms facing the street and large windows offering panoramic views. The apartment has approximately 160 m² and offers numerous renovation possibilities, as it was updated in the 1990s and can now be reconfigured to suit current needs. It features a large living room with a fireplace and access to a terrace with partial sea views, as well as a large eat-in kitchen with direct views of Santa Bárbara Castle. Currently, it has five bedrooms, although one is integrated into the kitchen, in addition to two full bathrooms. The property has two entrances (main and service), providing functionality and convenience for daily living. The building has two elevators and daily garbage collection service. Its prime location, next to the tram stop and just steps from Alicante´s Central Market, as well as being only 500 meters from Postiguet Beach, makes it a unique property for both living and investment. FEATURES: This corner apartment, with approximately 160 m² of living space, is located on the 10th floor of a 13-story building. It features five bedrooms, two full bathrooms, a living room with a fireplace, a large eat-in kitchen, a terrace with partial sea views, large windows, and two entrances (main and service). The building has two elevators, garbage collection service, and a layout with great potential for renovation. AREA: Located in the heart of Alicante´s historic center, on Rambla Méndez Núñez, one of the city´s main thoroughfares. The area offers all amenities, shops, restaurants, public transportation (including the tram), and excellent connections to the rest of the city. Its proximity to the Central Market of Alicante, Santa Barbara Castle and Postiguet Beach allows you to enjoy a privileged location with everything within a few minutes´ walk.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €450,000
Taxes (ITP 10%) + €45,000
Notary Fees + €3,780
Registry Fees + €1,440
Gestoría Fees + €1,350
Valuation + Other + €339

Total Investment €501,909
Est. Monthly Rent €2,724/mo
Est. Annual Rent €32,682/yr

Est. Yield 6.51%
Days on Market
0
First seen
2026-04-23
View on Idealista