Flat for sale in Ondara, Alicante

Investment in Ondara: Property operating as a room rental

You are not just buying a 330 m² home. You are purchasing an asset designed to generate income through room rentals.

This individual home is located on the first floor (without an elevator). It has been renovated and is furnished, and it is currently operating under three-month contracts. It features seven exterior bedrooms: two triple rooms, two double rooms, and three single rooms, plus three bathrooms, an equipped independent kitchen, a laundry room, and a 33 m² terrace.

The rooms are currently rented for €350 per month. Increasing the rent to €400 (in line with the available market in Ondara) would yield a potential gross income of approximately €33,600 annually, which corresponds to an estimated gross yield of about 12% on the purchase price.

There is also an area of approximately 100 m² where three additional bedrooms, another kitchen, and a fourth bathroom could be created. With ten rooms rented at €400 each, the asset could generate up to approximately €48,000 in gross annual income.

Renovation was carried out two years ago: kitchen, bathrooms, bedrooms, and flooring. The property has multi-split hot/cold air conditioning, ceiling fans, solid wood doors, wardrobes, internet, and a PowerGardens solar water heater. Furniture and appliances are included.

It also has a rooftop solarium of approximately 300 m² with views of the Mediterranean Sea, mountains, and the surrounding urban area. As a corner property with north/northwest and south/southeast orientation, it benefits from natural light and ventilation throughout the day.

Potential target tenants include healthcare professionals, expatriate workers, people needing temporary accommodation near Ondara, Denia, and the DeniaMarina Salud Hospital, as well as digital nomads.

The property is minutes from the Portal de la Marina shopping center, shops, supermarkets, restaurants, schools, sports facilities, and healthcare services. It has quick access to the N332 and AP7. The beaches of Denia, Els Poblets, and El Verger are a few minutes away.

The prices for apartments in Ondara are around €1,614/m², and this property is 48% below that benchmark. With 7 rooms, the gross yield is about 12.04%. With ten rooms, it would exceed about 17.2% gross.