Active ID: 111293430 Centro Tradicional

Flat / apartment for sale in Calle Castaños, 21

2 Bed • 2 Bath • 69 m² • Floor 4

€280,000

AI Analyst
Long-term Rental

"Prime city-center apartment on Calle Castaños offers two bedrooms, two bathrooms, and abundant natural light—an uncommon configuration in Alicante’s core, ideal for capturing strong rental demand and benefiting from the area’s enduring appeal."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to maximize rental yield
Pros
  • Exceptional central location with high rental demand
  • Two bathrooms increase appeal for sharers or professionals
  • Elevator and terrace enhance tenant desirability
Cons
  • Premium pricing for the area may limit yield upside
  • Older finishes may require immediate updating
  • Limited size (69 m²) restricts target tenant pool
Description

Extraordinary investment in Alicante city center Discover this magnificent home located on one of the most iconic streets in central Alicante, the sought-after Castaños Street. Situated on the fourth floor with elevator, this property stands out for its brightness and excellent layout, offering a comfortable and functional space in the very heart of the city. With 59 m² built, the apartment has two bedrooms and two full bathrooms, an unusual feature that adds value and great convenience both for personal use and for investment. The property offers a welcoming living area with abundant natural light, as well as a separate kitchen of practical size, perfectly integrated into the overall design. Its orientation and height ensure pleasant natural light for much of the day, creating a warm and inviting atmosphere. An ideal property as a primary residence, second home, or investment with high rental demand.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €280,000
Taxes (ITP 10%) + €28,000
Notary Fees + €2,352
Registry Fees + €896
Gestoría Fees + €840
Valuation + Other + €339

Total Investment €312,427
Est. Monthly Rent €1,207/mo
Est. Annual Rent €14,482/yr

Est. Yield 4.64%
Days on Market
2
First seen
2026-05-04
View on Idealista