Active ID: 111687833 Campoamor

Flat / apartment for sale in Calle de Rafael Asín

• Floor 0

€104,900

↓ 4.5% from €109,900
€104,900 2026-06-30
€109,900 2026-06-09
AI Analyst
Avoid

"Bare ownership sale in Alicante’s Campoamor area: 149 m² ground-floor apartment with garage, two patios, and strong location, but with life usufruct retained by a 71-year-old seller, limiting immediate use or rental income."

Negotiation Leverage Balanced
Value Add None - Occupied under life usufruct; no immediate improvements possible
Pros
  • Significant discount to market value (49%)
  • Large apartment (149 m²) with garage and outdoor spaces
  • Prime location with strong local amenities and transport
Cons
  • No immediate possession or rental income due to life usufruct
  • Buyer assumes key ownership costs (IBI, insurance, extraordinary assessments)
  • Uncertain holding period and illiquidity risk tied to seller’s lifespan
Description

Fantastic INVESTMENT! The BARE OWNERSHIP of this fantastic apartment on Calle Rafael Asín, Alicante, is for sale. The current owner, a 71-year-old gentleman, will retain the right of use and enjoyment of the property for life. The property has a market value of €215,000, and a 49% discount is applied to that value. What does this imply? FORMALIZATION COSTS: Paid in full by the buyer. The costs generated in the sale (Property Transfer Tax, notary, and registry). With the exception of the Municipal Capital Gains Tax, which will be paid by the seller. MAINTENANCE COSTS: Once the transaction is formalized before a notary, the housing costs will be distributed as follows: 1. The Real Estate Tax (IBI), extraordinary assessments, and building insurance will be assumed BY THE BUYING PARTY. 2. The ordinary community fee, contents insurance, urban waste tax, and utilities (electricity, water, etc. ); whether individualized or not, will be assumed BY THE SELLING PARTY. Property Description: Spacious ground-floor apartment of approximately 149 m² built, located on Rafael Asín street, in an established residential area of Alicante, with all services within walking distance and good connection to the city center. The house is distributed into three bedrooms, a full bathroom, and a second service bathroom, as well as an equipped kitchen and a spacious dining room, ideal for daily life and family gatherings. It stands out for having two patios, one of them a terrace type, which provide natural light and pleasant, very usable outdoor spaces. Includes a garage space, an important added value in the area. The surroundings offer proximity to supermarkets, educational centers, public transport, green areas, and shops, making this home a very convenient option both as a primary residence and as an investment. PROFESSIONAL FEES ARE €6,000 PLUS VAT AND ARE NOT INCLUDED IN THE SALE PRICE.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Investment Summary
Purchase Price €104,900
Taxes (ITP 10%) + €10,490
Notary Fees + €881
Registry Fees + €336
Gestoría Fees + €315
Valuation + Other + €339

Total Investment €117,260
Est. Monthly Rent €0/mo
Est. Annual Rent €0/yr

Est. Yield 0.0%
Unknown (Estimated)
Days on Market
79
First seen
2026-06-09
View on Idealista