Active ID: 110108811 Centro Tradicional

Flat / apartment for sale in Av Dr Gadea

4 Bed • 2 Bath • 141 m² • Floor 4

€635,000

↓ 5.2% from €670,000
€635,000 2026-04-07
€670,000 2025-12-15
AI Analyst
Long-term Rental

"Spacious 4-bedroom apartment in Alicante’s prime Centro-Tradicional area, featuring two unique glazed terraces, modern amenities, and panoramic city views—offering strong appeal for urban professionals and families seeking central, high-quality living."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to increase rental yield and tenant appeal
Pros
  • Prime central location near major shopping and transport
  • Unique dual glazed terraces with city and castle views
  • Spacious layout with four bedrooms and modern air conditioning
Cons
  • Older finishes (terrazzo floors, dated kitchen/bathrooms) may deter premium tenants
  • Monthly rent yields a modest gross yield (~3.5%), below typical investor targets
  • Optional garage not included in price, adding to acquisition cost
Description

A dream flat situated on Avenida Doctor Gadea, right in the heart of Alicante, with excellent finishes Just 2 minutes from Avenida Maisonnave, which is home to shops from various retail chains, two El Corte Inglés department stores, banks, and tapas bars and restaurants, and close to all amenities and transport links. This extraordinary, very light-filled flat, with an external area of 141 m², comprises 4 spacious bedrooms, 1 large living-dining room which could be divided into two separate areas, 2 full bathrooms (one of which is en suite to the master bedroom), 1 spacious kitchen and 2 glazed terraces (it is the only flat in the building with these features). The property is fitted with built-in wardrobes, air conditioning in the living room and the master bedroom (installed a year ago), an electric water heater, and terrazzo flooring. From its terraces, you can see the centre of Alicante and enjoy a wonderful view of Santa Bárbara Castle. The property has an optional garage space in the same building. PLEASE DO NOT HESITATE TO CALL US TO ARRANGE A VIEWING This publication is for information and guidance purposes only and is not binding; it does not constitute any form of contractual information and is intended strictly for commercial use. This advert may contain errors; it is provided for information purposes based on the details received, and the estate agency accepts no liability for any such errors.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €635,000
Taxes (ITP 10%) + €63,500
Notary Fees + €5,334
Registry Fees + €2,032
Gestoría Fees + €1,905
Valuation + Other + €339

Total Investment €708,110
Est. Monthly Rent €1,842/mo
Est. Annual Rent €22,108/yr

Est. Yield 3.12%
Days on Market
207
First seen
2025-12-15
View on Idealista