Active ID: 112441600 Centro Tradicional

Flat / apartment for sale in Avenida del Doctor Gadea

5 Bed • 2 Bath • 300 m² • Floor 4

€999,000

AI Analyst
Long-term Rental

"Prime 300 m² apartment in Alicante’s Centro-Tradicional offers rare value-add potential via renovation and possible segregation into two units, with a large terrace and strong rental demand in a highly accessible, prestigious location."

Negotiation Leverage Balanced
Value Add Full interior renovation; potential segregation into two apartments
Pros
  • Exceptional central location with high rental demand
  • Large, versatile floorplan with terrace and segregation potential
  • Elevator, accessibility features, and parking option
Cons
  • Significant upfront renovation costs required
  • Parking space not included in price (€66,000 extra)
  • Potential market risk if resale or rental values soften post-renovation
Description

Apartment for Renovation in a Prime Area of Alicante Discover this magnificent property with 300 m² of built area and 280 m² of usable space, located on the iconic Doctor Gadea street in the heart of Alicante. Just a 5-minute walk from the RENFE train station and surrounded by all the services you need, this apartment represents a unique opportunity for families or investors looking for a central residential area with maximum accessibility. Exceptional and Versatile Layout The property features an intelligent layout that combines spaciousness and functionality. The entrance hall leads to a spectacular social area with a living-dining room equipped with large windows and access to a beautiful balcony overlooking Doctor Gadea street. The independent kitchen includes a utility room and a service door, perfect for optimizing space. A guest toilet completes this first area. The property is divided into two well-defined zones: the first houses three bedrooms, with the master bedroom featuring an en-suite bathroom, while the second zone offers a living room, two more bedrooms, and a full bathroom that serves these two rooms. The Jewel: Large Terrace and Potential for Segregation The great appeal of this home is its large terrace, accessible from both the living room and one of the bedrooms. This outdoor space is ideal for enjoying the Mediterranean climate and adds incalculable value to the property. It is currently under a single cadastral reference with the possibility of segregating the property into two independent units, which opens up a range of opportunities for investment or rental. Technical Features and Amenities Located on the 4th exterior floor with an elevator, the apartment enjoys an excellent South-West orientation that guarantees brightness throughout the day. It features air conditioning, heating via a heat pump with natural gas, and built-in wardrobes in several rooms. The property is fully accessible for people with reduced mobility. The property includes a parking space (available for an additional €66,000). It also has a balcony and a utility room that enrich the living spaces. Condition and Potential for Revaluation Although it requires renovation, this feature becomes an advantage: you will have the opportunity to completely customize the home according to your tastes and needs. Strategic Location Doctor Gadea street is synonymous with residential quality in Alicante. From here, you can reach the RENFE station, shops, restaurants, medical, educational, and leisure services in minutes. It is the perfect location for those who value urban convenience without sacrificing tranquility. This is your opportunity to acquire an apartment with enormous potential in one of the best areas of Alicante. Contact us for a visit!

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €999,000
Taxes (ITP 10%) + €99,900
Notary Fees + €8,392
Registry Fees + €3,197
Gestoría Fees + €2,997
Valuation + Other + €339

Total Investment €1,113,824
Est. Monthly Rent €0/mo
Est. Annual Rent €0/yr

Est. Yield 0.0%
Unknown (Estimated)
Days on Market
0
First seen
2026-09-07
View on Idealista