Active ID: 111954714 Centro Tradicional

Flat / apartment for sale in Centro Tradicional

4 Bed • 1 Bath • 120 m² • Floor 4

€395,000

AI Analyst
Long-term Rental

"Prime 120 m² apartment in Alicante’s Centro Tradicional, featuring original hydraulic tile floors, high ceilings, and three street-facing balconies. Classic early 20th-century building with elevator, offering significant value-add potential through renovation in a highly sought-after central location."

Negotiation Leverage Balanced
Value Add Full renovation of kitchen, bathroom, and utilities while preserving heritage features
Pros
  • Exceptional central location near beach and amenities
  • Architectural character with original period features
  • Flexible layout allows for value-enhancing redistribution
Cons
  • Requires substantial renovation investment
  • Traditional layout may limit open-plan conversion
  • Potential for higher vacancy risk due to premium rent expectations
Description

Property located in one of the most central areas of Alicante, just a few meters from the Central Market and Avenida Alfonso X El Sabio, and only a 5-minute walk from the beach. It is situated in an elegant building from the early 20th century, with a well-maintained classic-style façade and an elevator. The building retains the charm of the architecture of that era. The property has approximately 120 m2 (with a larger actual surface area), distributed according to the traditional layout of these constructions, with several interconnected rooms, offering numerous possibilities for redistribution according to the future owner's needs. Highlights include its three balconies facing the street, high ceilings, interior wooden carpentry, and, especially, the original hydraulic tile floors, one of the most representative elements of the architecture of the time, which many owners seek to preserve for their aesthetic and heritage value. The property is in need of renovation, especially in the kitchen, bathroom, and installations (electricity and plumbing), offering the opportunity to design a completely personalized home while respecting those original elements one wishes to preserve. Located on a practically pedestrian street, with traffic restricted to authorized vehicles and garages, it offers the tranquility of a low-traffic street without sacrificing the convenience of living right in the center. A property with personality, ideal both for those looking for a unique residence and for those wishing to develop a renovation project in one of the best locations in the city. The information contained in this advertisement has been provided by the property owner and is merely informative and commercial in nature, not constituting a binding contractual offer in any case. The images in the advertisement correspond to the current state of the property. The sale price does not include the Property Transfer Tax (ITP), notary fees, property registry fees, or any other expenses inherent to the sale.

Features
Elevator
Parking
Exterior
Investment Summary
Purchase Price €395,000
Taxes (ITP 10%) + €39,500
Notary Fees + €3,318
Registry Fees + €1,264
Gestoría Fees + €1,185
Valuation + Other + €339

Total Investment €440,606
Est. Monthly Rent €1,614/mo
Est. Annual Rent €19,369/yr

Est. Yield 4.4%
Days on Market
0
First seen
2026-09-07
View on Idealista