3 Bed Bungalow Torrevieja €289,900 - Los Balcones
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About This Property
Welcome to your peaceful retirement in the heart of Spain's most welcoming expat community. This charming 3-bedroom bungalow in Los Balcones, Torrevieja, offers the relaxed Mediterranean lifestyle you've been dreaming of, at exceptional value. Priced at €289,900, this property represents premium specification at 45% less than comparable homes on the Costa Blanca North—a genuine opportunity for discerning buyers seeking quality and affordability. With 82m² of thoughtfully designed living space on a 24m² plot, this home provides the perfect balance of comfortable accommodation and manageable maintenance. Torrevieja has become home to over 70,000 expats, many of them retirees who've discovered the perfect combination of year-round sunshine, excellent healthcare facilities, and a vibrant English-speaking community where daily life feels both familiar and refreshingly new. Whether you're looking to escape the northern European winter permanently or seeking a second home where you can truly relax, this property in Los Balcones offers immediate appeal. The asking price of €3,535/m² reflects genuine value in a market trending upward at 8% annually, making this not just a home, but a sound investment in your future.
About Torrevieja
Los Balcones is a well-established residential neighbourhood in Torrevieja, situated in the southern reaches of the Costa Blanca. Torrevieja itself is a coastal town of approximately 100,000 residents, famous for its stunning salt lakes and pristine beaches. The area enjoys an average of 320 days of sunshine annually, with mild winters rarely dropping below 10°C and warm, dry summers. Los Balcones benefits from proximity to both the Mediterranean beaches and the famous Laguna Salada de Torrevieja, a protected natural area renowned for its unique ecosystem and natural beauty. The neighbourhood strikes an ideal balance—close enough to town amenities for convenience, yet with enough distance to maintain a peaceful, quieter residential atmosphere. The area's development over recent decades has resulted in excellent infrastructure, reliable utilities, and a mature community of both Spanish residents and international expats who've made this corner of Spain their permanent home.
Life in Torrevieja
Living in Los Balcones means embracing a genuinely relaxed pace of life without sacrificing convenience. Your daily routine might include a morning paseo to one of the nearby beaches, afternoon coffee in a local café where English is widely spoken, and dinner at family-run restaurants serving both Spanish and international cuisine. The expat community here is substantial and well-integrated, meaning you'll find English-speaking services in healthcare, legal matters, and administration—removing common barriers to relocation. Torrevieja's weekly markets offer fresh local produce, seafood, and regional specialties, while modern supermarkets like Mercadona and Carrefour provide familiar brands from home. The town has excellent healthcare facilities, including Hospital Universitario de Torrevieja and numerous private clinics with English-speaking doctors. Beach life is woven into the daily rhythm—Playa del Cura with its Blue Flag status, or the golden sands of La Mata are within easy reach. This is a lifestyle where you can be as social or as private as you wish, supported by a community that understands the value of peace, sunshine, and good company.
Investment Potential
Beyond being an exceptional home, this property represents a sound financial investment. Torrevieja's property market has appreciated 8% year-on-year, outpacing inflation and offering genuine capital growth potential. At €289,900, this bungalow is priced at €3,535/m²—a 45% discount compared to equivalent properties on the Costa Blanca North, while offering the same Mediterranean lifestyle. The rental market is robust; comparable properties in Los Balcones achieve €650 per week during peak season, suggesting annual rental income potential of €20,000-€25,000 if you choose to let the property part-time. Many retirees use this rental income to offset costs or fund holidays. Property values in Torrevieja remain undervalued relative to the Costa Blanca's northern regions, yet the area offers identical sunshine, beaches, and amenities. Whether you're seeking a permanent home, a winter escape, or a rental investment, this property delivers genuine value with strong appreciation potential.
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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