3 Bed Apartment Los Alcazares €324,900 | Investment
Nearby Amenities
Approximate distances. Contact us for exact property location.
About This Property
This 3-bedroom, 2-bathroom apartment in Los Alcazares represents a compelling investment opportunity in one of Costa Blanca's most sought-after rental markets. Priced at €324,900 (€3,349/m²), you're acquiring a premium-specification property at 40% below comparable Spanish island markets—a significant value proposition for investors seeking capital appreciation and consistent rental income. Los Alcazares has demonstrated robust year-on-year growth of 8%, with typical holiday let weekly rates reaching €800, translating to approximately €41,600 annual gross rental income at conservative occupancy rates. The 97m² built area offers an efficient layout designed for the holiday rental market, appealing to families and groups seeking authentic Costa Blanca experiences. This property sits above the local average of €2,200/m² but delivers superior finish and location advantages that justify the premium. For investors analyzing ROI potential, the combination of strong local demand, affordable entry price, and proven rental performance makes this an attractive portfolio addition in Spain's premier Mediterranean investment region.
About Los Alcazares
Los Alcazares is a charming coastal town in Murcia's Mar Menor region, positioned strategically between Cartagena and Torrevieja. The town maintains authentic Spanish character while embracing international investment, with a population of approximately 14,000 that swells during summer months. The climate is Mediterranean, with 300+ days of sunshine annually, mild winters (average 12°C), and warm summers (28°C), creating year-round appeal for holiday rentals. The famous Mar Menor lagoon dominates the geography—Europe's largest saltwater lagoon offering unique recreational opportunities, from sailing to kitesurfing. The town's beachfront location combined with genuine Spanish atmosphere (rather than tourist overdevelopment) attracts diverse visitor demographics, strengthening rental demand across seasons.
Life in Los Alcazares
Daily life in Los Alcazares blends Mediterranean relaxation with practical conveniences that support property investment success. The established expat community—predominantly British, German, and Scandinavian—means English is widely spoken, simplifying administration and social integration. Dining reflects both Spanish tradition and international tastes, with fresh seafood restaurants lining the promenade alongside casual beach bars and international cuisines. The weekly street market offers fresh produce and local goods at competitive prices, while Mercadona and Lidl supermarkets provide familiar shopping experiences. Healthcare access is robust with regional hospitals 30 minutes away and English-speaking private clinics available locally. The town's relaxed pace suits both retirees and working professionals who rent accommodations during summer, supporting the holiday let market year-round through both leisure and business travelers.
Investment Potential
Los Alcazares demonstrates measurable investment fundamentals: 8% year-on-year appreciation, €800-weekly typical rental rates, and sustained demand from European holiday travelers. At €3,349/m², this property trades at 40% discount to equivalent Balearic and Canary Island properties, while Mar Menor's unique positioning attracts specific demographics—families seeking lagoon activities, kitesurfers, and travelers seeking authentic Spain over developed resort zones. The €324,900 entry price enables portfolio diversification without capital concentration risk. Conservative modeling—assuming 50% annual occupancy at €800/week—generates €20,800 gross rental income, yielding 6.4% annual return. Additional income streams include potential short-term corporate rentals and seasonal adjustments. Property tax obligations (0.4-1.1% IBI) and maintenance costs remain lower than northern European comparative properties, enhancing net yield. The established expat community and professional property management services in Los Alcazares reduce landlord friction, particularly for international investors managing remotely.
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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