Active ID: 112299208 Centro Tradicional

Flat / apartment for sale in Calle Castaños

3 Bed • 2 Bath • 145 m² • Floor 2

€530,000

AI Analyst
Long-term Rental

"Elegant 145 m² apartment in Alicante’s Centro-Tradicional, featuring soaring 3m+ ceilings, abundant natural light, and a prime city-center location near the Principal Theatre—offering strong appeal for discerning urban tenants or professionals."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to enhance rental yield
Pros
  • Prime city-center location with excellent amenities and cultural attractions
  • Spacious layout with high ceilings and abundant natural light
  • Modern building (2008) with elevator and terrace
Cons
  • Gross rental yield is modest (~4.3%), limiting cash flow upside
  • Potential for higher vacancy due to premium pricing in central area
  • Interior may require updates to maximize rental value
Description

Spacious 145 m2 apartment with ceilings over 3 meters high next to the Principal Theatre. Magnificent property located in the heart of Alicante, just a few steps from the Principal Theatre and surrounded by all the necessary services for daily life. The apartment has 145 m2 of built area and is located in a 2008 building with an elevator. It features a large living-dining room, an independent kitchen, three bedrooms, and two full bathrooms. One of its main attractions is its spectacular ceilings over 3 meters high, which provide spaciousness, elegance, and a pleasant feeling of openness. The property also stands out for its abundant natural light, comfortable layout, and well-maintained finishes. It has ample storage areas and versatile rooms, ideal both for a family and for those who need an office or a guest room. Its excellent location allows you to enjoy shops, restaurants, cultural spaces, and all the services of Alicante's city center on foot. An opportunity to live in a privileged area, in a spacious, bright home with character. Contact us for more information or to arrange a visit.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €530,000
Taxes (ITP 10%) + €53,000
Notary Fees + €4,452
Registry Fees + €1,696
Gestoría Fees + €1,590
Valuation + Other + €339

Total Investment €591,077
Est. Monthly Rent €1,899/mo
Est. Annual Rent €22,785/yr

Est. Yield 3.85%
Days on Market
4
First seen
2026-08-23
View on Idealista