Active ID: 112376048 Centro Tradicional

Flat / apartment for sale in Avenida Alfonso El Sabio, 1

2 Bed • 2 Bath • 80 m² • Floor 12

€425,000

AI Analyst
Long-term Rental

"Fully renovated 12th-floor apartment in Alicante’s prime Centro-Tradicional area, offering panoramic castle and sea views, high-end finishes, and immediate proximity to key amenities—an attractive asset for discerning investors seeking premium urban exposure."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime central location with exceptional views of Santa Bárbara Castle and the Mediterranean
  • Completely renovated with modern systems and high-end finishes, minimizing immediate capex
  • High floor ensures privacy, reduced noise, and strong tenant appeal
Cons
  • Gross rental yield is low (~3.5%), limiting cash flow for yield-focused investors
  • No terrace or outdoor space, which may reduce appeal for some tenants
  • Premium pricing for the area may limit future capital appreciation potential
Description

Exclusive residence with views of Santa Bárbara Castle and the Mediterranean Located on the 12th floor of a prime building, this spectacular three-bedroom, two-bathroom apartment is a true gem in the heart of Alicante. Completely renovated from scratch, it combines contemporary design with an unparalleled Mediterranean backdrop. The property was fully refurbished just a few months ago. Every room offers unobstructed views of Santa Bárbara Castle, its walls, and the infinite blue of the sea. At nightfall, the castle lights up, and the home becomes a private balcony overlooking a magical postcard of Alicante. Main Spaces 1) Living room with integrated kitchen: an open-plan, sophisticated, and functional space, equipped with the latest technology, including an exclusive invisible cooking surface that maintains an impeccable aesthetic. 2) Master bedroom: with a designer en-suite bathroom, ceiling-recessed shower with indirect lighting, a niche, and wall coverings that evoke the deep blues of the sea. Three built-in wardrobes with interior lighting and wall-hung sanitary ware add an extra touch of elegance. 3) Second bedroom: a single bedroom, strategically designed so that the castle can be admired in all its splendor from the bed—a view that captivates day and night. 4) Third multipurpose bedroom: adaptable as a workspace, library, dining room, or additional bedroom, depending on your needs. 5) Second bathroom with shower: featuring finishes inspired by Mediterranean mornings, in silver and light blue tones, with contemporary black designer faucets. Comfort and technical details The property features a brand-new ducted air conditioning system for both heating and cooling. All plumbing and electrical installations have been renewed, ensuring maximum efficiency and peace of mind. Unbeatable location Just 100 meters from the Central Market, 50 meters from the TRAM, a 10-minute walk from Postiguet Beach, and facing the majestic Santa Bárbara Castle. All this from the serenity of a 12th floor, where the bustle of the city fades into the background, yet urban and Mediterranean life is enjoyed at every moment.

Features
Elevator
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €425,000
Taxes (ITP 10%) + €42,500
Notary Fees + €3,570
Registry Fees + €1,360
Gestoría Fees + €1,275
Valuation + Other + €339

Total Investment €474,044
Est. Monthly Rent €1,229/mo
Est. Annual Rent €14,750/yr

Est. Yield 3.11%
Days on Market
1
First seen
2026-08-26
View on Idealista