3-Bed Villa Penaguila €359,000 | Costa Blanca Family Home
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About This Property
Welcome to your family home in Penaguila, a charming mountain village in the heart of Costa Blanca. This exceptional 3-bedroom, 2-bathroom villa offers everything a growing family needs: generous living space across 130m², a substantial 801m² plot for children to play safely, and the peace and quiet that only a village community can provide. Priced at €359,000, this property represents outstanding value—40% less than comparable homes on Spanish island markets—without compromising on quality or location. Whether you're relocating from the UK or seeking a Mediterranean base for your family, this villa combines affordability with the space, security, and community spirit that families cherish. The property sits in an established neighborhood with excellent schools nearby, English-speaking healthcare professionals, and a vibrant expat community that makes settling in straightforward. With blue-flag beaches just 20 minutes away and the amenities of larger towns within easy reach, you'll enjoy the perfect balance between village tranquility and modern convenience.
About Penaguila
Penaguila is a picturesque village nestled in the mountains between Alicante and Valencia, approximately 60km from Alicante Airport. This authentic Spanish location offers the genuine experience many families seek—authentic culture, local markets, and genuine community connections—without the overdevelopment of coastal hotspots. The village sits at 600m elevation, creating a cooler microclimate than coastal areas, particularly welcome during summer months. The surrounding mountains provide stunning natural scenery and outdoor recreation opportunities, from hiking trails to weekend explorations. The region experiences Mediterranean climate with mild winters and warm summers, making it ideal for families seeking year-round outdoor living. Property values here have increased 8% year-on-year, reflecting growing demand from British and international families discovering this less-touristy corner of Costa Blanca.
Life in Penaguila
Life in Penaguila revolves around genuine community and authentic Spanish living. Your children will grow up in a safe neighborhood where neighbors look out for each other, and English is widely spoken among the established international community. Mornings might involve a trip to the local market for fresh produce, while afternoons offer countryside exploration or visits to nearby attractions. The village has a good selection of local bars and restaurants serving traditional Spanish food, often at remarkably reasonable prices compared to coastal restaurants. The established expat community means plenty of English-speaking friends for families, with regular social gatherings and support networks. Weekend trips to blue-flag beaches are easy drives, while golf courses, adventure parks, and cultural attractions are all within 30 minutes. The slower pace of village life doesn't mean isolation—reliable bus connections and modern infrastructure ensure you're never far from larger towns like Ontinyent or Alcoy.
Investment Potential
Beyond being an ideal family home, this property represents a smart investment. Penaguila's property values have increased 8% year-on-year as savvy buyers discover this authentic Spanish village alternative to overcrowded coastal areas. At €2,762/m², it commands a modest premium over the village average of €2,200/m², justified by quality and condition, yet remains significantly undervalued compared to island markets just 40% higher. Families using the property seasonally report typical weekly rental income of €800 during summer months, with strong demand from tourists seeking authentic village experiences. The combination of primary residence enjoyment and secondary income potential makes this an attractive investment for families. Long-term appreciation potential is strong given the area's growing appeal to international buyers and improving infrastructure.
Estimated Rental Income
Based on 55% 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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