Apartment for sale in Alora, Málaga

Development Opportunity – Central Álora – Potential for 5 Apartments

Prime redevelopment opportunity in the centre of Álora in the province of Málaga. This single-level property offers excellent potential for conversion into multiple residential units and is connected to all mains services, making it ideal for redevelopment. Preliminary plans indicate the possibility of creating five one-bedroom apartments with fitted kitchens, subject to planning approval.

Investment Highlights
• Central location in Álora
• Dual street access
• Connected to all mains services
• Potential development of 5 residential units
• Walking distance to town centre and amenities
• Excellent transport links to Málaga and the Costa del Sol

Development Metrics
• Location: Central Álora, Málaga province
• Property Type: Single-level building suitable for redevelopment
• Access: Dual street access
• Services: Connected to all mains utilities
• Potential Development: Up to 5 one-bedroom apartments (subject to planning approval)

Property Overview
The property benefits from access from two streets, providing flexible design options for redevelopment and allowing the possibility of separate entrances for future apartments. Its position close to the town centre makes it particularly attractive for long-term residential rental or resale investment.

Location
Álora is a lively Andalusian market town located in the province of Málaga, offering a wide range of amenities including:
• supermarkets and local shops
• cafés, bars and restaurants
• schools and sports facilities
• an indoor swimming pool
• a theatre and cultural facilities

The property is within easy walking distance of the town centre and local amenities.

Transport Connections
Álora enjoys excellent transport links. The nearby train station provides direct rail connections to Málaga city, Málaga Airport and the Costa del Sol coastline, making the location attractive for both residents and rental markets. Málaga International Airport is approximately 30 minutes by car.

About Álora
With a population of around 13,000 residents, Álora combines traditional Andalusian charm with modern amenities. Located approximately 38 km from Málaga city, the town is surrounded by beautiful countryside while remaining well connected to the coast and major transport routes. The town has become increasingly popular with both Spanish and international residents seeking an authentic Andalusian lifestyle.

Investment Potential
Demand for small apartments and rental properties in well-connected towns within Málaga province continues to grow. The property’s central location, dual street access and development potential create an excellent opportunity for:
• apartment development
• long-term rental investment
• resale after refurbishment
• mixed residential and investment use

With the possibility to create five apartments in a central location close to transport links, the project offers attractive potential for rental income or resale after redevelopment. Projects of this type in central Álora can offer strong value-add potential once redevelopment is completed. Development opportunities of this type in central Álora are becoming increasingly difficult to find.

Estimated Rental Income Potential
Properties of this type in central Álora typically attract strong demand for long-term rental accommodation due to the town’s transport connections and proximity to Málaga. Estimated long-term rental range for small apartments in the area:
• €450 – €600 per month per apartment

Potential gross rental income (5 units):
• Approx. €2,250 – €3,000 per month
• Approx. €27,000 – €36,000 per year

Figures are indicative and depend on final apartment size, finish and market conditions.