Active ID: 112484220 Centro Tradicional

Flat / apartment for sale in Federico Soto

3 Bed • 3 Bath • 224 m² • Floor 6

€849,000

AI Analyst
Long-term Rental

"Prime, fully renovated 3-bedroom apartment in Alicante’s Centro Tradicional, featuring luxury finishes, spacious living areas, and rare outdoor balcony—ideal for discerning tenants seeking exclusivity and comfort in a landmark building."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prestigious location on emblematic avenue with strong tenant demand
  • Turnkey condition with high-end interior design and finishes
  • Rare combination of large balcony, spacious layout, and 24-hour concierge
Cons
  • Gross rental yield is low (~2.6%), limiting cash flow potential
  • High price point narrows tenant pool and increases vacancy risk
  • Limited value-add opportunities due to recent renovation
Description

YER presents a unique property on one of the most emblematic and representative avenues in Alicante. With the possibility of two parking spaces, this extraordinary home spans approximately 200 m² and is situated in a stately building that is perfectly maintained and features 24-hour concierge service. An exceptional property, not only for its location and dimensions but also for its meticulous interior design project carried out by Azul Tierra, one of the city's most renowned decoration studios. The home is completely exterior, south-facing, and features three bedrooms, with a layout specifically designed to provide spaciousness, independence, and privacy. Upon entering, one immediately notices the enormous living room. The natural herringbone wood flooring, invisible doors integrated into certain walls, and an exquisitely studied decor create an elegant, warm home with a great deal of personality. Next to the entrance, a large enclosed shoe cabinet has been designed, perfect for leaving shoes behind upon arriving home and walking barefoot while enjoying the natural wood. The living room is one of the home's main features. Its dimensions allow for the creation of different environments without losing the sense of spaciousness, and it opens directly onto a huge exterior balcony—something truly difficult to find in a property of these characteristics in the heart of Alicante. The balcony also connects to one of the bedrooms and, thanks to the property's corner location and south orientation, it enjoys beautiful natural light, especially during the morning. The entire home features double exterior carpentry, preserving the original woodwork—a solution that maintains the stately character of the property while achieving excellent acoustic insulation. The result is a surprisingly quiet and private home despite being located on one of the city's main avenues. The layout of the home allows for three bedrooms and three bathrooms: a guest bathroom and two bathrooms attached to the suites. The master suite is particularly surprising due to its dimensions. It features a spectacular independent walk-in closet, so spacious that if the family's needs were to change, it could even be adapted as an additional room or a nursery for a baby or young child, keeping it adjacent to the master bedroom. Its bathroom follows an elegant French concept, with different independent zones and large showers, providing comfort and privacy. The second suite also enjoys extraordinary independence and even has its own living area, making it a perfect space for older children, family members, or guests who wish to maintain a certain autonomy within the home. Additionally, another of the bedrooms has direct access to the large balcony. The large black designer kitchen is another of the house's special spaces. It is located next to the living room but is perfectly independent, and its dimensions and large windows make it perfect not only for cooking but also for breakfast, lunch, or enjoying daily life. The kitchen also connects to a huge independent gallery, with a laundry area, a large window for drying clothes, and plenty of additional space. It can be converted into a large pantry and storage area, allowing for the incorporation of any auxiliary furniture needed. Everything is finished with more resistant and practical porcelain flooring. This is likely one of the property's greatest virtues. The living room invites you to stay due to its spaciousness and access to the balcony; the kitchen, due to its design and brightness; the master suite, due to its spectacular walk-in closet and French bathroom; and the second suite, due to the independence and privacy it offers. The home also has perfectly distributed hot/cold air conditioning.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €849,000
Taxes (ITP 10%) + €84,900
Notary Fees + €7,132
Registry Fees + €2,717
Gestoría Fees + €2,547
Valuation + Other + €339

Total Investment €946,634
Est. Monthly Rent €1,810/mo
Est. Annual Rent €21,720/yr

Est. Yield 2.29%
Days on Market
0
First seen
2026-09-08
View on Idealista