Active ID: 111583550 Centro Tradicional

Flat / apartment for sale in Plaza Nueva Nn

2 Bed • 2 Bath • 85 m² • Floor 2

€375,000

AI Analyst
Long-term Rental

"Rare opportunity to acquire a fully renovated 2-bed, 2-bath apartment in a historic, low-density building in Centro Tradicional, with urban planning approval for two additional floors—offering both immediate rental income and significant development upside."

Negotiation Leverage Balanced
Value Add Exercise expansion rights to add two floors, increasing unit count and rental yield.
Pros
  • Urban planning approval for two additional floors enables significant value creation.
  • Fully renovated and move-in ready, minimizing initial capex.
  • Prime central location in a historic building with only two units, ensuring exclusivity.
Cons
  • Current rental yield is modest relative to purchase price.
  • Expansion requires capital, time, and regulatory follow-through, introducing execution risk.
  • Lack of published photos limits initial due diligence and may indicate privacy or marketing challenges.
Description

UNIQUE HOME IN HISTORIC BUILDING WITH EXPANSION POTENTIAL We present this exclusive home located in a historic building consisting of only two properties, which guarantees privacy, tranquility, and a truly unique character. The home, completely renovated and ready to move into, currently has 2 bedrooms and 2 bathrooms, combining the charm of original architecture with an updated and functional design. One of its great differentiating values is its extraordinary expansion potential: the property has urban planning approval to build two additional floors, an exceptional opportunity for both private residence and asset investment. A property difficult to find due to its combination of exclusivity, history, privacy, and future possibilities. For privacy reasons, photographs are not published in the advertisement. You can write to us and we will send you all the images and detailed information about the home.

Features
Elevator
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €375,000
Taxes (ITP 10%) + €37,500
Notary Fees + €3,150
Registry Fees + €1,200
Gestoría Fees + €1,125
Valuation + Other + €339

Total Investment €418,314
Est. Monthly Rent €1,240/mo
Est. Annual Rent €14,883/yr

Est. Yield 3.56%
Days on Market
12
First seen
2026-05-29
View on Idealista