Townhouse for sale in Pego, Alicante

Are you looking for a home… or an asset with real money-making potential?

This property offers a rare combination for the center of many Mediterranean towns: real location + double access + architectural identity + possibility of transformation.

We are on one of the most emblematic streets of Pego, with access also from the back street. That completely changes the potential of the property.

You can live here walking to everything.
You can combine housing and business.
You can create a tourist property with a lot of character.
Or even reconsider part of the property to increase bedrooms, install an elevator, and improve future profitability.

The central location cannot be manufactured later; the renovation can.

The home has 224 m² built, distributed across several floors.
It currently includes:
• commercial space with a storefront on the main street
• four exterior bedrooms
• two toilets
• semi-basement with independent access
• garage
• storage room
• rooftop with open views of the sea and mountains
• possibility to enlarge and redistribute spaces

It needs partial updates: electricity, plumbing, kitchen, and the creation of full bathrooms.

Now, let’s move to the numbers.
In many areas of Pego and surroundings, renovated properties with character can exceed the value of the current product of this type once rehabilitated, especially when they retain original elements.

Difficult differentials to replicate:
• original Valencia hydraulic tiles
• high ceilings with wooden beams
• classic carpentry
• authentic noble feel
• traditional Valencia structure

Indicative investment scenario:
• possibility of housing + business
• possibility of tourist rental
• possibility of traditional room rentals
• potential for revaluation after a complete renovation

Conservative estimate:
• potential value after renovation: higher than the current surrounding product without renovation
• possibility of reaching interesting margins if the purchase and renovation are well planned

If the projected margin does not reach at least 15%–20%, it is not an investment scenario; it involves risk.

Recommendation:
Before visiting the property, get to know the surroundings on your own. Walk down Calle Mayor, have a coffee, and observe the real activity of the town.

If you need financing, consult your bank first to know exactly what budget you can manage.