2-Bed Apartment Los Alcazares €292,000 | Investment Property
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About This Property
This 2-bedroom, 2-bathroom apartment in Serena Golf represents a compelling investment opportunity in Los Alcazares, one of Costa Blanca's most dynamic residential markets. Priced at €292,000 (€4,171/m²), this property offers premium specification at 40% below comparable Spanish island markets, positioning it as exceptional value for buy-to-let investors. With typical holiday let weekly rentals commanding €800+ and the Los Alcazares market appreciating at +8% year-on-year, the capital appreciation potential combined with consistent rental income makes this an attractive addition to any property investment portfolio. The 70m² layout is optimized for the modern holiday lettings market, where demand from British, Scandinavian, and European tourists remains robust throughout the year. This property sits at the intersection of capital growth and reliable income generation—the two pillars of successful property investment in Spain's most sought-after coastal region.
About Los Alcazares
Los Alcazares is a thriving coastal municipality in Murcia, positioned along the Mar Menor, a unique lagoon ecosystem that defines the region's character and tourism appeal. Located approximately 50 kilometers south of Alicante, the town has transformed from a quiet fishing village into a vibrant residential hub attracting international investors and relocators. The municipality benefits from over 300 days of annual sunshine, Mediterranean climate conditions, and a protected coastline featuring multiple Blue Flag beaches. The Mar Menor's shallow, calm waters create ideal conditions for water sports, swimming, and leisure activities year-round. Los Alcazares' strategic location bridges access to both the lagoon and open Mediterranean beaches, offering unique dual-coast advantages. The market trend of +8% annual appreciation reflects strong demand, improved infrastructure, and increasing recognition as a preferred alternative to more expensive coastal regions.
Life in Los Alcazares
Living in Los Alcazares provides authentic Mediterranean lifestyle without the premium pricing of northern Costa Blanca areas. The established international community means English is widely spoken, healthcare providers offer English-language services, and expat networks facilitate social integration. Daily life centers around the promenade, local beach clubs, and traditional Spanish restaurants serving fresh seafood, alongside modern dining establishments catering to international residents. Weekly markets offer fresh local produce, while major supermarket chains (Mercadona, Lidl, Consum) provide international goods. The town maintains a relaxed pace compared to busier resort areas, attracting those seeking genuine community rather than tourist infrastructure. Beach access takes minutes, golf courses are within 20 minutes' drive, and the Mar Menor's unique ecosystem offers water-based recreation unavailable elsewhere on the coast. Healthcare quality matches Western European standards, with regional hospitals accessible within 30 minutes and private clinics offering specialized care.
Investment Potential
The investment thesis for this Los Alcazares property rests on three pillars: favorable pricing, strong market momentum, and proven rental demand. At €4,171/m², the property trades at 90% of the Los Alcazares average (€2,200/m²), reflecting premium specification rather than location premium—substantial value creation compared to comparable coastal regions. Market appreciation of +8% year-on-year outpaces Spanish national averages, driven by infrastructure improvements, airport expansion, and growing recognition among European investors seeking alternatives to saturated northern markets. Rental potential is significant: typical weekly holiday letting rates command €800+, translating to potential gross yields of 8-10% annually. The May-September peak season delivers 60% of annual rental income, while off-season lettings to European pensioners maintain occupancy year-round. This dual market positioning—combining seasonal tourism with growing long-term resident demand—creates resilient income streams less vulnerable to economic cycles than single-market dependent properties.
Estimated Rental Income
Based on 55% occupancy rate
Costa Blanca Price Growth (€/m²)
Rental Yield by Area (%)
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Oskar Peterson
Property Specialist
I help international buyers find their perfect home in Costa Blanca. I speak English, Swedish, and Spanish.
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