Flat for sale in Alicante / Alacant city, Alicante

Value added investment opportunity in Virgen del Remedio, Alicante

Apartment for sale to renovate on the fifth floor (top) of a five-storey building without elevator. The property, of 82 m², consists of three bedrooms, a bathroom, kitchen and living room. Purchase price: €85,000.
Estimated total investment (purchase + complete refurbishment): €103,000.

Post-refurbishment rental potential: 800 €/month.
Starting gross annual return: 9.32%

5-year return projection (including revaluation of 6% per annum on the reformed value):

Total investment (purchase + refurbishment): €103,000

Total rental income (5 years): €48,000

Accumulated capital gain due to revaluation: €34,800

Estimated value of assets in the 5th year: €137,800

Total return on investment (rent + capital gains): €82,800

Combined annualized return (ROI): 12.5%

Differentiating features of the opportunity:

Solid base at an excellent price: Below-market acquisition, with room to create value through custom refurbishment.

Full control over the investment: Possibility to run a modern refurbishment (estimated budget: €18,000) that maximises attractiveness for rental and future resale.

Top floor: Offers potential to maximise natural light and views following renovation.

Consolidated location in Virgen del Remedio:

Family-friendly residential neighbourhood with constant and high rental demand.
Excellent connectivity: Immediate proximity to tram (L4) and buses, with direct connection to the centre, University of Alicante and San Vicente Hospital.

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

Active investment with high capital gain potential:
This property is ideal for the investor looking to add value through refurbishment. It allows you to acquire an asset in a high-demand area at a competitive price, design a modern and efficient space according to market demands, and obtain a higher return thanks to the appreciation of the capital invested in the improvement. It is a classic 'fix and flip' or 'buy, renovate and hold' strategy in a low-risk environment.