Delisted ID: 111954714 Centro Tradicional

Flat / apartment for sale in Centro Tradicional

4 Bed • 1 Bath • 120 m² • Floor 4

€395,000

AI Analyst
Coliving

"Spacious 120 m² 4-bedroom apartment in Alicante’s Centro Tradicional, featuring high ceilings, balconies, elevator, and classic architectural details. Excellent central location with strong rental demand and value-add potential through renovation."

Negotiation Leverage Balanced
Value Add Full renovation: kitchen, bathroom, electrical and plumbing upgrades
Pros
  • •Prime city center location near beach and amenities
  • •Elevator access in a classic early 20th-century building
  • •Large size and flexible layout ideal for coliving or family rental
Cons
  • •Requires significant renovation (kitchen, bathroom, installations)
  • •Only one bathroom for four bedrooms limits appeal
  • •No terrace or air conditioning, reducing premium rental potential
Description

Property located in one of the most central areas of Alicante, just a few meters from the Central Market and Avenida Alfonso X El Sabio, and only a 5-minute walk from the beach. It is situated in an elegant building from the early 20th century, with a well-maintained classic-style façade and an elevator. The building retains the charm of the architecture of that era. The property has approximately 120 m2 (with a larger actual surface area), distributed according to the traditional layout of these constructions, with several interconnected rooms, offering numerous possibilities for redistribution according to the future owner's needs. Highlights include its three balconies facing the street, high ceilings, interior wooden carpentry, and, especially, the original hydraulic tile floors, one of the most representative elements of the architecture of the time, which many owners seek to preserve for their aesthetic and heritage value. The property is in need of renovation, especially in the kitchen, bathroom, and installations (electricity and plumbing), offering the opportunity to design a completely personalized home while respecting those original elements one wishes to preserve. Located on a practically pedestrian street, with traffic restricted to authorized vehicles and garages, it offers the tranquility of a low-traffic street without sacrificing the convenience of living right in the center. A property with personality, ideal both for those looking for a unique residence and for those wishing to develop a renovation project in one of the best locations in the city. The information contained in this advertisement has been provided by the property owner and is merely informative and commercial in nature, not constituting a binding contractual offer in any case. The images in the advertisement correspond to the current state of the property. The sale price does not include the Property Transfer Tax (ITP), notary fees, property registry fees, or any other expenses inherent to the sale.

Features
Elevator
Parking
Exterior
Investment Summary
Purchase Price €395,000
Taxes (ITP 10%) + €39,500
Notary Fees + €3,318
Registry Fees + €1,264
Gestoría Fees + €1,185
Valuation + Other + €339

Total Investment €440,606
Est. Monthly Rent €1,571/mo
Est. Annual Rent €18,850/yr

Est. Yield 4.28%
Days on Market
29
First seen
2026-09-07
View on Idealista