Active ID: 111947821 Centro Tradicional

Flat / apartment for sale in Calle del Teatre

3 Bed • 3 Bath • 100 m² • Floor 3

€490,000

AI Analyst
Long-term Rental

"Fully renovated, move-in ready 3-bedroom apartment in Alicante’s prime Centro-Tradicional district, offering privacy, abundant natural light, and premium finishes—ideal for discerning urban tenants or owner-occupiers seeking central convenience."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime city center location with high tenant demand
  • Comprehensive, high-quality renovation—minimal capex required
  • Excellent natural light and privacy (one unit per floor)
Cons
  • Gross rental yield (~3.6%) is below typical investor targets
  • Premium pricing for location and renovation may limit upside
  • Limited value-add opportunities due to turnkey condition
Description

Spectacular fully renovated corner property on the coveted Theater Street! Located in the heart of the city, on the prestigious and sought-after Theater Street, is this exclusive property that redefines urban living. Situated in an unparalleled prime location, this corner residence stands out for its absolute privacy, occupying a single floor per level, guaranteeing unprecedented tranquility in the city center. Its southeast orientation and its all-exterior condition flood every room with extraordinary natural light throughout the day. The property has undergone a comprehensive, high-level renovation, with meticulous attention to every technical and aesthetic detail to offer a "move-in ready" experience: Completely new installations: Complete renovation of plumbing and electrical systems. Invisible climate control: Ducted (hot/cold) air conditioning system, zoned for optimal comfort. Top-quality finishes: Contemporary design flooring and interior carpentry (doors) that bring warmth and elegance. Premium insulation: Latest generation windows that guarantee impeccable energy efficiency and total acoustic insulation from the outside. A unique real estate gem, perfect for those seeking the distinction of living in the center with the benefits and comfort of a comprehensive renovation.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €490,000
Taxes (ITP 10%) + €49,000
Notary Fees + €4,116
Registry Fees + €1,568
Gestoría Fees + €1,470
Valuation + Other + €339

Total Investment €546,493
Est. Monthly Rent €1,459/mo
Est. Annual Rent €17,508/yr

Est. Yield 3.2%
Days on Market
0
First seen
2026-07-08
View on Idealista