Active ID: 110935907 Centro Tradicional

Flat / apartment for sale in Centro Tradicional

5 Bed • 2 Bath • 163 m² • Floor 1

€290,000

↓ 12.1% from €330,000
€290,000 2026-03-29
€330,000 2026-03-17
AI Analyst
Long-term Rental

"Spacious 163 m² apartment in Alicante’s Centro Tradicional offers significant value-add potential through renovation, leveraging its prime location, high ceilings, and flexible layout for multiple investment strategies."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards, potential for multi-bedroom layout or coliving adaptation.
Pros
  • Prime central location near major city arteries and amenities
  • Large floor area with high ceilings and architectural character
  • Flexible plumbing infrastructure allows for multiple bathrooms
Cons
  • Requires complete renovation, increasing upfront capital outlay
  • Interior rooms have limited natural light due to courtyard orientation
  • Older building may present unforeseen structural or compliance issues despite inspection certificate
Description

Property for renovation in a very central and busy area of Alicante with possibilities for investment projects or personal use. Due to its location, it is an attractive opportunity as it is close to main arteries of Alicante such as Castaños or Rambla Méndez Núñez, providing it with a unique city atmosphere. It has 163 m2 built, high ceilings, a facade typical of architecture from the 1950s of the last century, and a load-bearing structure in full capacity of form and use, with a Technical Building Inspection certificate for buildings over 50 years old, successfully completed. In terms of luminosity, the exterior wing, which occupies half of the surface, is characterized by open spaces ideal for different interior design approaches depending on the desired purpose. The interior part of the apartment only benefits from light through one of the building's interior courtyards. Its current state is FOR RENOVATION. From an investment perspective, it has an advantage: the existence of hydraulic and sanitary installation networks for several bathrooms or toilets, giving greater freedom in interior design. For more information, contact us!

Features
Elevator
Air Conditioning
Exterior
Investment Summary
Purchase Price €290,000
Taxes (ITP 10%) + €29,000
Notary Fees + €2,436
Registry Fees + €928
Gestoría Fees + €870
Valuation + Other + €339

Total Investment €323,573
Est. Monthly Rent €2,054/mo
Est. Annual Rent €24,653/yr

Est. Yield 7.62%
Days on Market
22
First seen
2026-03-17
View on Idealista