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 offers strong value in a rapidly improving Alicante district, with proximity to cultural hubs and future urban upgrades supporting long-term capital appreciation."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to increase rental yield and appeal
Pros
  • Large 144 m² layout with functional distribution and balcony
  • Prime location near Las Cigarreras Cultural Center and future pedestrian zones
  • Building with elevator and exterior orientation for better light and accessibility
Cons
  • Requires updating, especially kitchen and bathrooms, to maximize value
  • Intermediate floor may limit premium pricing compared to penthouses
  • Area still in transition; full revaluation depends on completion of urban 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
1
First seen
2026-05-19
View on Idealista