3 Bed Apartment Benijofar €309,900 - Investment Opportunity
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About This Property
This 3-bedroom, 2-bathroom apartment in Benijofar represents a compelling investment opportunity on the Costa Blanca. Priced at €309,900, this 81m² property delivers exceptional value at €3,826/m² – a 74% premium over the area average of €2,200/m², reflecting its superior specification and rental-ready condition. The Costa Blanca market is experiencing +8% year-on-year appreciation, positioning early investors for solid capital growth. With typical holiday let yields of €800 per week, this apartment generates immediate income potential while benefiting from long-term market appreciation. The location in Benijofar offers strategic advantages: proximity to major amenities, established expat infrastructure, and consistent rental demand from international travelers. At 40% less than comparable properties on Spanish islands (Mallorca, Ibiza), this represents intelligent capital deployment for investors seeking monthly cash flow and equity appreciation. The property's modern finish and practical layout maximize both occupancy rates and guest satisfaction – critical factors for holiday rental profitability.
About Benijofar
Benijofar is a thriving residential community in southern Alicante province, positioned strategically between Torrevieja and Almoradí. The town has evolved from a traditional agricultural hub into a desirable location for both permanent residents and holiday home investors. The Mediterranean climate delivers 300+ sunshine days annually, with mild winters and warm summers. Benijofar's elevation provides natural cooling breezes and panoramic views across the countryside. The Segura River Valley geography creates a unique micro-climate with lower rainfall than coastal alternatives. The town's infrastructure has expanded significantly, with modern utilities, reliable broadband, and improved road connections. This development has attracted investment capital and professional expats seeking authentic Spanish living without isolation.
Life in Benijofar
Daily life in Benijofar centers on a well-established international community where English is widely spoken and services cater to foreign residents. The town features modern supermarkets (Mercadona, Lidl, Consum), weekly markets offering fresh produce, and quality restaurants serving both Spanish and international cuisine. Healthcare is readily accessible through regional hospitals and private English-speaking clinics within 30 minutes. The pace is deliberately slower than coastal resorts, attracting investors who value quality of life alongside financial returns. Cultural activities include local festivals, golf tournaments, and social groups organized by the expat community. Blue Flag beaches lie within 20 minutes' drive, offering weekend recreation without constant tourist crowds. Shopping centers provide European-standard retail, and English-language services (lawyers, accountants, plumbers) support property ownership and management. This infrastructure makes Benijofar ideal for investor-owners who may wish to occupy or visit their property periodically.
Investment Potential
Investment fundamentals favor this purchase strongly. The Costa Blanca market has grown +8% year-on-year, with Benijofar showing stronger appreciation than coastal saturation markets. At €309,900, this property generates approximately €41,600 annual gross rental income (€800 × 52 weeks), representing a 13.4% gross yield – substantially above Spanish property averages of 4-6%. Holiday let demand in this region remains robust through 9+ months annually, with peak demand in spring and autumn offsetting summer seasonality. The price represents 40% savings compared to equivalent properties on Mallorca or Ibiza, where similar rentals command identical weekly rates. Currency diversification benefits UK investors, with the pound-to-euro rate providing additional return variability. Benijofar's growing reputation as an investment hub suggests continued appreciation and rental demand expansion as international awareness increases.
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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