Active ID: 111462118 Carolinas Bajas

Flat / apartment for sale in Plaza Santa Teresa Nn

3 Bed • 2 Bath • 144 m² • Floor 2

€285,000

AI Analyst
Long-term Rental

"Spacious 144 m² apartment in Plaza Santa Teresa, Alicante, offers strong value due to its prime location near cultural hubs and upcoming urban improvements, with significant potential for modernization and capital appreciation."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms, update finishes, optimize layout for rental yield
Pros
  • Prime location near Las Cigarreras Cultural Center and Bullring
  • Large floor area with functional layout and balcony
  • Upcoming urban regeneration projects likely to drive appreciation
Cons
  • Requires modernization to maximize rental and resale value
  • Intermediate floor may limit premium pricing
  • Area still in transition; full value uplift dependent on completion of municipal projects
Description

We present a 144 m² built home located in the heart of Plaza Santa Teresa, in the Quijano pantheon, on an intermediate floor of a consolidated residential building with an elevator. Its location is unbeatable: in an open area next to the Bullring and a stone's throw from the Las Cigarreras Cultural Center, positioning it in one of the areas with the greatest urban projection and revaluation in Alicante. Layout and Rooms: The property offers a functional layout that maximizes privacy. It has a spacious and comfortable living room with direct access to an exterior balcony, ideal for enjoying day-to-day life and the local climate. It features an independent kitchen with a utility room/service area and large rooms with great potential for updating. Location and Surroundings: A privileged enclave that will directly benefit from municipal mobility and pedestrianization plans along the San Vicente street axis. Living here means enjoying a peaceful environment, surrounded by services, public transport, green areas, and cultural offerings, with attractive latent profitability and capital gains for investors. Las Cigarreras Cultural Axis: A few meters from the old Tobacco Factory, currently undergoing a complete transformation to house new museum spaces and green areas. Pedestrianization of Calle San Vicente: The municipal project to pacify vehicle traffic on this axis will connect the Bullring with Las Cigarreras, creating a more sought-after residential environment, with a higher quality of life and a clear upward trend in land prices. Contact us to coordinate a technical visit. Property managed by Díaz Villanueva Inmobiliaria (est. 1962). Specialists in valuation and real estate law: • Member A651 of the Official College of Real Estate Agents of Alicante. APIAL • Judicial Real Estate Expert APJUDE 0133 • Operation protected by Civil Liability Insurance and Credit and Guarantee Insurance. More than 60 years of professional solvency at your service.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €285,000
Taxes (ITP 10%) + €28,500
Notary Fees + €2,394
Registry Fees + €912
Gestoría Fees + €855
Valuation + Other + €339

Total Investment €318,000
Est. Monthly Rent €1,325/mo
Est. Annual Rent €15,900/yr

Est. Yield 5.0%
Days on Market
49
First seen
2026-05-19
View on Idealista