3 Bed Apartment Los Alcazares €349,900 - Investment
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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 €349,900 for 106m² of premium specification, you're acquiring property at €3,301/m² – approximately 40% less than comparable developments on Spanish island markets, yet in a location with documented +8% year-on-year appreciation. Los Alcazares has emerged as a preferred destination for holiday lettings, with typical weekly rental rates reaching €800 for quality apartments like this one. The established infrastructure, international community, and proximity to blue flag beaches create consistent demand from both long-term renters and holiday visitors. For investors seeking reliable income streams with capital growth potential, this property delivers exceptional value in a market where supply remains limited and demand continues climbing.
About Los Alcazares
Los Alcazares is a charming coastal town in Murcia's Mar Menor region, distinguished by its authentic Spanish character and growing international appeal. Located between Cartagena and San Javier, the town sits adjacent to Spain's largest saltwater lagoon, offering unique natural advantages unavailable elsewhere on the Costa Blanca. The Mediterranean climate delivers 320 days of sunshine annually, with mild winters making it attractive year-round. The Mar Menor's shallow, warm waters create ideal conditions for water sports and family activities. Recent infrastructure improvements have enhanced accessibility while maintaining the town's relaxed atmosphere. Unlike overcrowded tourist zones, Los Alcazares retains genuine local flavor while welcoming international residents and visitors seeking authentic coastal living.
Life in Los Alcazares
Daily life in Los Alcazares balances convenience with authenticity. The established expat community means English is widely spoken, easing the transition for international buyers. Shopping is straightforward with Mercadona, Lidl, and Consum supermarkets alongside traditional weekly markets offering fresh local produce. Healthcare is excellent – private clinics with English-speaking doctors operate locally, with regional hospitals 30 minutes away. The weekly social calendar revolves around beach clubs, tapas bars, and restaurants ranging from casual beachfront chiringuitos to quality dining establishments. Multiple championship golf courses lie within 20 minutes, attracting affluent residents. Blue flag beaches are just a short drive away, offering both water activities and relaxation. The combination of affordability, walkable town center, reliable services, and genuine Spanish atmosphere attracts retirees, families, and remote workers seeking better value than northern European alternatives.
Investment Potential
The investment fundamentals are compelling. At €3,301/m², this property commands a premium within Los Alcazares' €2,200/m² average, justified by specification quality and turnkey holiday-let readiness. The market data confirms +8% year-on-year appreciation across the region, with Los Alcazares outperforming many established Costa Blanca destinations. Rental yield potential is substantial – comparable 3-bedroom apartments in premium condition achieve €800+ weekly rates during peak season, with strong shoulder-season demand maintaining occupancy. The holiday letting market remains undersupplied relative to demand, particularly for quality apartments. Professional property managers in Los Alcazares achieve 60-70% annual occupancy for well-positioned units, generating €20,000-€25,000 annual income. Combined with capital appreciation and EU tax advantages for non-resident investors, the property offers dual-income potential unavailable in most European markets at this price point.
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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