Flat for sale in Alicante / Alacant city, Alicante

Investment opportunity in Virgen del Remedio, Alicante

Fully renovated and furnished apartment for sale on the fifth floor (top) of a five-storey building without elevator. The property, of 82 m², consists of three bedrooms, a bathroom, a separate kitchen and living room. Sale price: €115,000.

Rental potential: 800 €/month.
Starting gross annual return: 8.35%

5-year return projection (including 6% annual revaluation):

Total rental income: €48,000

Accumulated capital gain due to revaluation: €38,800

Estimated asset value at year 5: €153,800

Total return on investment (rent + capital gains): €86,800

Combined annualized return (ROI): 10.9%

Differentiating features of the investment:

Comprehensive and furnished refurbishment: Turnkey investment, ready to rent immediately without additional costs. Estimated savings of €15,000-20,000 on renovation and furnishings.

Top floor: It provides light, tranquility and unobstructed views, highly valued characteristics.

Efficient distribution: Three bedrooms that cover the widest demand in the market, either for families or for sharing a flat.

Consolidated location in Virgen del Remedio:

A family residential neighbourhood par excellence, with a constant and high demand for rents.
Excellent connectivity: Very close to the tram stop (L4) and multiple bus lines, with direct connection to the centre of Alicante, the University and the San Vicente Hospital.

Full services: All kinds of shops, supermarkets, pharmacies, schools and the large Lo Morant Park just a few minutes' walk away.

Efficient and low-maintenance investment:
This property represents an optimized investment opportunity. As it is acquired completely renovated and furnished, it eliminates the costs, times and unforeseen events of a work, allowing you to generate income from day one. The attractive initial profitability of the rental is combined with the expectation of revaluation in one of the most stable and demanded areas in the north of Alicante.