2 Bed Apartment €298,900 Alicante - Investment Opportunity
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About This Property
This 2-bedroom, 2-bathroom apartment in Carolinas Bajas represents a compelling investment opportunity on the Costa Blanca. Priced at €298,900—40% below comparable Spanish island markets—the property offers exceptional value for investors seeking rental income and capital appreciation. With an 84m² built area and premium specification throughout, this apartment aligns perfectly with the region's thriving holiday rental market. Alicante has experienced consistent 8% year-on-year property appreciation, and typical weekly rental rates of €800 position this property for strong returns. The location within Carolinas Bajas, one of Alicante's most sought-after residential areas, ensures sustained demand from both holidaymakers and long-term tenants. At €3,558/m², this property commands a premium over the local €2,200/m² average, justified by its superior condition and prime positioning. For investors evaluating Costa Blanca opportunities, this apartment delivers the fundamental metrics that drive successful real estate portfolios: strong rental demand, appreciation trajectory, and accessibility to quality management infrastructure.
About Alicante
Carolinas Bajas sits within Alicante province, one of Spain's most dynamic property markets. The area benefits from Alicante's Mediterranean climate—300+ days of sunshine annually with average temperatures of 18°C year-round. The region's geography positions it perfectly between Barcelona and Málaga, with easy access to both cultural centers and natural attractions. Alicante city center lies just minutes away, offering authentic Spanish character alongside modern infrastructure. The local economy is increasingly service-oriented, supporting both resident populations and tourism sectors. Infrastructure development over the past decade has transformed the area into a well-connected hub with international airport access, modern healthcare facilities, and educational institutions catering to diverse communities. The climate reliability and geographic positioning have made Alicante one of Spain's fastest-growing property markets.
Life in Alicante
Living in Carolinas Bajas offers seamless integration into Alicante's well-established international community, where English is widely spoken and expat networks are robust. Daily life combines Mediterranean relaxation with practical convenience—local supermarkets (Mercadona, Lidl, Consum) sit within walking distance, weekly farmers' markets provide fresh produce, and restaurants range from traditional Spanish tapas bars to international cuisines. Healthcare access is straightforward, with regional hospitals and English-speaking private clinics available for residents. Blue Flag beaches are within a 20-minute drive, making weekend recreation effortless. The expat community ensures excellent support systems for newcomers, with established social networks, English-language services, and cultural integration support. For investment-focused buyers, this translates to a location where property management becomes straightforward due to established rental infrastructure, reliable tenant pools, and professional service providers familiar with holiday rental operations.
Investment Potential
This property sits within Alicante's appreciating market, which has demonstrated 8% year-on-year growth over the past five years. At €298,900, the entry price offers flexibility for portfolio investors seeking to diversify geographically while maintaining strong yield potential. Typical weekly rental rates of €800 project annual gross rental income of approximately €41,600 across 52 weeks, translating to gross yield of 13.9%—exceptional for European property markets. The premium specification supports positioning this property in the upper-tier rental segment, justifying €800+ weekly rates compared to standard €600 inventory. Carolinas Bajas maintains consistently high occupancy rates due to its strategic location between airport and beaches, supporting reliable cash flow. The property's price point—40% below comparable Spanish island markets (Mallorca, Menorca, Ibiza)—provides upside appreciation potential as Alicante matures as a premium investment destination. Capital appreciation, combined with rental income, positions this asset for dual-return investment outcomes.
Estimated Rental Income
Based on 65% 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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