Active ID: 111645438 Mercado

Flat / apartment for sale in Mercado

3 Bed • 2 Bath • 120 m² • Floor 6

€475,000

AI Analyst
Long-term Rental

"Spacious 3-bedroom apartment in Alicante’s prime Mercado district, featuring abundant natural light, balcony-terrace, and rare on-site parking. Strong location fundamentals and flexible layout offer value-add potential for investors seeking central city assets."

Negotiation Leverage Balanced
Value Add Modernize kitchen and original bathroom; update finishes for premium rental yield
Pros
  • Prime city center location with excellent transport links
  • Includes garage parking—rare for central Alicante
  • Abundant natural light and south-facing orientation
Cons
  • Kitchen and one bathroom are dated and require modernization
  • Rental yield is moderate relative to asking price
  • Potential noise due to central, high-traffic location
Description

Living on Avenida Alfonso X el Sabio places you right in the beating heart of Alicante. Just steps from Plaza de los Luceros and the Central Market, this prime location on the Costa Blanca offers seamless transport links with TRAM and bus stations, surrounded by the city's finest cultural, shopping, and leisure options. This spacious apartment in central Alicante features three bedrooms with built-in wardrobes and two bathrooms, distributed across 120 sqm full of potential. Located on the penultimate floor with a south-facing orientation, natural light floods the independent living room with its balcony-terrace, as well as the street-facing master suite. Living room: An independent, elegant, and sun-drenched space thanks to its south-facing orientation, equipped with a split air conditioning unit and direct access to the outdoors. Balcony / Terrace: An outdoor space ideal for taking in the vibrant city center life, accessed directly from the living room and offering unobstructed views. Dining room: A dedicated area adjacent to the kitchen and completely separate from the living room, receiving excellent natural light through its window overlooking the courtyard. Kitchen: A well-sized original kitchen with ample storage capacity, benefiting from direct ventilation to the building's inner courtyard. Master bedroom (Suite): A south-facing double bedroom looking out toward the terrace, equipped with a built-in wardrobe and an en-suite bathroom. En-suite bathroom: A full original bathroom equipped with a bathtub for practical daily use. Second bedroom: A very quiet double bedroom with a window facing the upper courtyard, complete with a built-in wardrobe and a split air conditioning unit. Third bedroom: A mid-sized room, larger than a standard single bedroom, perfect for a home office or a youth bedroom, featuring a built-in wardrobe. Second bathroom: A fully renovated bathroom incorporating a large walk-in shower and a contemporary design. Garage: A parking space within the same building with the convenience of direct elevator access. The perfect blank canvas on Alfonso X el Sabio to design your dream home with a garage in the absolute center of the city.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €475,000
Taxes (ITP 10%) + €47,500
Notary Fees + €3,990
Registry Fees + €1,520
Gestoría Fees + €1,425
Valuation + Other + €339

Total Investment €529,774
Est. Monthly Rent €1,308/mo
Est. Annual Rent €15,691/yr

Est. Yield 2.96%
Days on Market
7
First seen
2026-06-03
View on Idealista