Active ID: 111481027 Casco Histórico

Penthouse for sale in Plaza Santísima Faz, 3

4 Bed • 3 Bath • 295 m² • Floor 2

€1,125,000

AI Analyst
Long-term Rental

"This rare 295m² penthouse in Alicante’s historic centre blends original 1900s architecture with modern comforts, offering flexible dual-apartment potential, panoramic views, and prime walkable access to city landmarks—an exclusive asset for discerning investors."

Negotiation Leverage Balanced
Value Add Modernize bathrooms and kitchen to maximize rental yield and appeal
Pros
  • Unique historic character with original features and high ceilings
  • Flexible layout with potential to split into two units for dual income
  • Prime central location with panoramic views and pedestrian access
Cons
  • Estimated rental yield is low relative to purchase price
  • No on-site parking (only rental option nearby)
  • Potential liquidity risk due to niche luxury segment
Description

A truly exceptional penthouse in the heart of Alicante's historic centre a light-filled home of rare character, elegance, and scale, offering 295m² of living space with spectacular views over Plaza Santísima Faz and its iconic palm trees. Located within a distinguished historic building dating from 1900, the property combines original architectural features with modern comfort in a truly one-of-a-kind home. High ceilings, wooden floors, traditional interior doors, and interconnected living spaces create a warm and highly distinctive atmosphere rarely found on the market today. The apartment offers a spacious and light-filled living-dining room with high ceilings, polished wooden floors, and abundant natural light. Double doors connect the main living spaces, creating a seamless and elegant flow throughout the home. Even though it is located on an emblematic and lively square in the historic centre, the apartment feels remarkably quiet and peaceful inside. The interior balances historic charm with contemporary comfort, resulting in an inviting yet refined living environment. Air conditioning and gas central heating are installed throughout, ensuring year-round comfort. Originally configured as two separate apartments (195m² and 100m² respectively), the property retains two independent front doors and two cadastral references, offering remarkable flexibility and the rare possibility of dividing the property again in the future if desired. The current layout comprises three bedrooms, multiple living areas, and two offices, with excellent versatility to adapt the space further and create additional bedrooms if required. Residents benefit from access to a generous roof terrace with open views towards Santa Bárbara Castle, providing a privileged setting to unwind in the evenings or enjoy Alicante's celebrated firework displays. Perfectly located just a few metres from Plaza del Ayuntamiento and within a short walk of the harbour, the Explanada, and Postiguet beach, the property offers immediate access to the city's most iconic landmarks. There is the possibility to rent a generous parking space located just 150 metres from the apartment. This is a unique opportunity to enjoy life in the historic centre, with a fully pedestrian lifestyle and excellent international connections, as AlicanteElche Airport is just 15 minutes away by car. It is also worth noting that a health centre, a supermarket, and the Town Hall are located right next to the property. My name is Ann-Marie Daly and I am pleased to present this exclusive penthouse located in the heart of Alicante's historic centre. A truly unique property distinguished by its scale, character, and potential, offering exceptional versatility and outstanding scope for adaptation. I invite you to view the virtual tour to appreciate all its details. Please do not hesitate to contact me with any questions or to arrange a viewing I will be delighted to assist you.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Investment Summary
Purchase Price €1,125,000
Taxes (ITP 10%) + €112,500
Notary Fees + €9,450
Registry Fees + €3,600
Gestoría Fees + €3,375
Valuation + Other + €339

Total Investment €1,254,264
Est. Monthly Rent €2,000/mo
Est. Annual Rent €24,000/yr

Est. Yield 1.91%
Days on Market
1
First seen
2026-05-19
View on Idealista