Active ID: 111269026 Mercado

Flat / apartment for sale in Ronda del Castillo, 8

3 Bed • 2 Bath • 107 m² • Floor 3

€295,000

AI Analyst
Long-term Rental

"Spacious 3-bedroom apartment in Alicante’s Mercado area offers panoramic castle views, functional layout, and strong natural light—positioned for stable rental demand and long-term value in a prime, well-connected location."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to increase rental yield and market value
Pros
  • Prime location with iconic castle views
  • Functional 3-bedroom, 2-bathroom layout ideal for families or sharers
  • Elevator and terrace enhance tenant appeal
Cons
  • Likely requires interior modernization to maximize returns
  • No mention of parking, which may limit some tenant profiles
  • Rental yield (~5.2% gross) is moderate for the area, not high-yield
Description

Apartment with unique views of Santa Bárbara and San Fernando Castles | 3 bedrooms | 2 bathrooms Spacious and bright home for sale on Ronda del Castillo street, nº 8, in Alicante, in a privileged location with clear views of the emblematic Santa Bárbara Castle and San Fernando Castle. The home has 3 bedrooms, with the master bedroom with an en-suite bathroom being particularly noteworthy, ideal for greater privacy and comfort. It also has a second independent full bathroom. The layout is very functional, with spacious rooms and good natural light, which provides a pleasant sense of space. It also has a gallery, perfect as a laundry area or additional storage. 3 bedrooms 2 bathrooms (1 en suite) Spacious and bright Gallery Clear views Established location An ideal home for both a permanent residence and an investment, in an area with all services and excellent connection to the city center.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €295,000
Taxes (ITP 10%) + €29,500
Notary Fees + €2,478
Registry Fees + €944
Gestoría Fees + €885
Valuation + Other + €339

Total Investment €329,146
Est. Monthly Rent €1,283/mo
Est. Annual Rent €15,401/yr

Est. Yield 4.68%
Days on Market
0
First seen
2026-04-23
View on Idealista