Flat for sale in Santo Domingo, Alicante / Alacant city, Alicante

Spacious corner home with terrace and great potential for renovation in the center of Alicante

We present an investment and renovation opportunity in one of the most sought-after areas of Alicante, located on Avenida de Salamanca, just a few minutes from the Central Train Station, El Corte Inglés, and the city center.

The home, located on a fourth floor, has approximately 110 m² built and stands out for its extraordinary brightness thanks to its southeast orientation and its corner position.

Upon entering the home, you’ll find a large main bedroom. Next, an impressive large living room with wide windows and direct access to a terrace that surrounds much of the living area.

Next to the living room there is an independent kitchen with access to a utility gallery. The layout is completed with a large full bathroom and two additional bedrooms.

This is a property that requires a full renovation, allowing it to be designed completely to measure and tailored to the needs of the future owner or investor. Its generous rooms and excellent layout offer multiple possibilities for reconfiguration and modernization, including the option to create a second bathroom.

One of the most attractive aspects of the property is the potential to expand the outdoor area. Due to the generous size of the living room, there is the possibility of setting back part of this space to considerably increase the usable area of the terrace, achieving a sensation very similar to that of an urban attic, and creating an ideal outdoor area to enjoy the Mediterranean climate all year round.

Investment with high profitability

The strategic location, close to services, shops, public transport, and the center of Alicante make this property an excellent opportunity both as a primary residence and as a buy-to-let investment.

After an appropriate renovation, the home could achieve very attractive rental returns, estimated at approximately €1,300 per month, in addition to offering significant potential for value appreciation for a future sale.

Estimated budget for a full renovation from €80,000, variable depending on the specifications, layout, and finishes selected.