2 Bed Apartment €196,400 Alhama De Murcia Spain
Nearby Amenities
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About This Property
This 2-bedroom, 2-bathroom apartment in Condado De Alhama represents a compelling investment opportunity in one of Spain's most undervalued property markets. Priced at €196,400—matching the Alhama De Murcia average of €2,207/m²—this property sits at an exceptional value point as the region experiences consistent 8% year-on-year capital appreciation. For savvy investors, the numbers tell the story: typical holiday let rentals generate €800 per week, translating to strong rental yields in a market with consistently high demand from British and Northern European buyers. The Costa Blanca region attracts over 1 million visitors annually, and Alhama De Murcia's established expat community and proximity to blue flag beaches create natural demand for short-term holiday lettings. Unlike island markets where comparable 2-bedroom properties command €350,000+, this property offers 40% better value while maintaining identical rental potential. The 89m² layout maximizes living space efficiently, with two full bathrooms appealing to both owner-occupiers and holiday rental operators seeking premium guest experiences.
About Alhama De Murcia
Alhama De Murcia sits in the inland Costa Blanca region of southeastern Spain, positioned between the Mediterranean coast and the dramatic inland landscapes of Murcia. The town has evolved from a traditional agricultural community into a thriving residential hub, particularly among international buyers seeking authentic Spanish living at accessible prices. The local climate delivers 300+ days of annual sunshine with mild winters—temperatures rarely drop below 8°C—making it ideal for year-round occupation and holiday rental operations. Elevation provides cooler summers than coastal areas while maintaining Mediterranean warmth. The broader Alhama De Murcia municipality has invested significantly in infrastructure and amenities over the past decade, including healthcare facilities, international schools, and modern shopping centers. This strategic development has transformed the area into a balanced community combining Spanish authenticity with international convenience, explaining why property values have appreciated steadily while remaining substantially below coastal resort prices.
Life in Alhama De Murcia
Daily life in Alhama De Murcia combines the relaxed pace of inland Spain with genuine cosmopolitan convenience. The established international community—predominantly British, Scandinavian, and other European nationalities—means English is widely spoken in shops, restaurants, and service businesses. Weekly markets offer fresh local produce at fraction of UK supermarket prices, while Mercadona and Lidl provide familiar shopping experiences. Healthcare access rivals major cities: the regional hospital operates 30 minutes away with English-speaking doctors, and private clinics serve the expat population directly. Dining ranges from traditional Spanish tapas bars to international restaurants catering to multicultural residents. Golf enthusiasts enjoy several championship courses within 20 minutes, while multiple blue flag beaches lie just 20 minutes away for weekend escapes. The established community creates natural social networks—property owners easily connect with others managing holiday rentals or enjoying permanent retirement. Local markets, restaurants, and services have adapted to international preferences without losing Spanish character, creating the balance many investors seek when building property portfolios.
Investment Potential
The investment case for this Alhama De Murcia apartment rests on three concrete pillars: affordability, appreciation, and rental yield. At €196,400 on property appreciating 8% annually, this property could reach €212,100+ within two years based on current market momentum. More compelling for income-focused investors: €800 weekly rental rates generate €41,600 annually at 80% occupancy—translating to 21% gross rental yield. Operating costs remain minimal compared to managed resorts: typical annual expenses (insurance, maintenance, cleaning supplies, community fees) total €2,500-3,500, leaving net yields of 15-17%. The comparison to other Costa Blanca markets proves decisive: comparable 2-bed properties in Torrevieja or Benidorm command €280,000-320,000 yet generate identical rental revenue, making this Alhama location 30-40% more efficient for ROI. Market demand remains strong: British retirees, Northern European families, and holiday-home buyers continue seeking value-for-money properties. The region's 8% appreciation trajectory—higher than Spanish national averages—suggests capital gains potential alongside rental income, making this a dual-return investment opportunity.
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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