Active ID: 112415721 Centro Tradicional

Penthouse for sale in Calle Castaños

3 Bed • 2 Bath • 220 m² • Floor 4

€735,000

AI Analyst
Long-term Rental

"Prime penthouse in Alicante’s Centro-Tradicional with 100m² terrace, panoramic views, and luxury finishes. Exceptional central location offers strong lifestyle appeal, but rental yield is modest relative to price, requiring careful investment strategy."

Negotiation Leverage Balanced
Value Add Modernize bathrooms and kitchen to maximize rental appeal
Pros
  • Outstanding central location in Alicante’s most desirable area
  • Large private terrace with panoramic views enhances lifestyle and rental appeal
  • Spacious 220m² layout with abundant natural light
Cons
  • Gross rental yield is low (~3%); may not meet typical investor targets
  • High price point limits pool of potential tenants and buyers
  • Potential for elevated community fees and maintenance costs due to size and amenities
Description

Discover the home of your dreams in the heart of Alicante, on Calle Castaños, one of the most sought-after areas. This penthouse is a magnificent and luxurious property with three (3) bedrooms, two bathrooms (one of them en-suite), a fully equipped kitchen, all exterior and very bright, and a large living room, along with a terrace of approximately 100m2 with panoramic views that offers you an exceptional lifestyle. Imagine waking up every morning and contemplating these stunning views from your balcony. This oasis of tranquility and elegance is perfect for enjoying unforgettable moments with family or friends. With its privileged location, right in the center. Do not miss this unique opportunity to live in one of the best areas of Alicante. Contact us today and start making it a reality! AT INDARA INMOBILIARIA, WE OFFER YOU A PROFESSIONAL AND FREE VALUATION OF YOUR PROPERTY, ADAPTED TO CURRENT REAL ESTATE MARKET TRENDS.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Garden
Investment Summary
Purchase Price €735,000
Taxes (ITP 10%) + €73,500
Notary Fees + €6,174
Registry Fees + €2,352
Gestoría Fees + €2,205
Valuation + Other + €339

Total Investment €819,570
Est. Monthly Rent €1,844/mo
Est. Annual Rent €22,133/yr

Est. Yield 2.7%
Days on Market
0
First seen
2026-09-07
View on Idealista