Active ID: 109154301 Centro Tradicional

Flat / apartment for sale in Calle Castaños

2 Bed • 1 Bath • 55 m² • Floor 3

€225,000

↑ 4.7% from €215,000
€225,000 2026-04-07
€215,000 2025-10-08
AI Analyst
Long-term Rental

"Prime central Alicante location with strong rental demand; compact 2-bedroom apartment in emblematic building offers value-add potential through renovation and proximity to amenities, ideal for investors seeking urban exposure and capital appreciation."

Negotiation Leverage Balanced
Value Add Full interior renovation (kitchen, bathroom, finishes) to modern standards
Pros
  • Excellent central location near Central Market and Principal Theater
  • Building with elevator and terrace, rare for historic center
  • Strong rental demand and walkability for professionals or students
Cons
  • Requires significant renovation, increasing upfront capital outlay
  • Small size (55 m²) limits tenant profile and rental upside
  • Potential noise and limited parking due to city center location
Description

Discover your new home in the heart of Alicante! This charming 55 m² apartment is located in an emblematic building, just a few steps from the Central Market and the Principal Theater. With two bedrooms, a bathroom, living room, and kitchen, this space offers exceptional brightness thanks to its east-facing orientation. Although it requires renovation, the customization possibilities are endless, allowing you to create the authentic gem you've always dreamed of. Imagine enjoying your coffee on the terrace or balcony while feeling the vibrant city life. The location is unbeatable: access to various amenities without needing a car, allowing you to enjoy everything Alicante has to offer. Additionally, the building has an elevator and electric heat pump heating. Don't miss this unique opportunity to make this apartment your ideal home. Come visit it and fall in love!

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €225,000
Taxes (ITP 10%) + €22,500
Notary Fees + €1,890
Registry Fees + €720
Gestoría Fees + €675
Valuation + Other + €339

Total Investment €251,124
Est. Monthly Rent €1,196/mo
Est. Annual Rent €14,349/yr

Est. Yield 5.71%
Days on Market
182
First seen
2025-10-08
View on Idealista