€479k 2-Bed Apartment Calpe - Investment Opportunity
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About This Property
This 2-bedroom, 2-bathroom apartment in Manzanera, Calpe represents a compelling investment opportunity in Spain's most sought-after coastal market. Priced at €479,000 (€8,119/m²), this property sits 20% below comparable Jávea valuations while offering identical premium specifications and superior rental income potential. The Costa Blanca market has demonstrated consistent +7% year-on-year appreciation, with Calpe leading regional growth due to sustained international demand from British, German, and Northern European investors. At current market rates, this property commands typical holiday let revenues of €1,000 per week—translating to €52,000 annual gross rental income with professional management. The 59m² layout maximizes utility in Calpe's prime residential zone, where short-term rental demand consistently outpaces long-term lettings. Whether targeting capital appreciation, passive holiday rental income, or dual-use investment strategies, this apartment's location, specification, and price point deliver measurable ROI advantages over comparable Costa Blanca investments.
About Calpe
Calpe sits on the northernmost stretch of Costa Blanca's developed coastline, positioned between the dramatic Peñón de Ifach rock formation and sprawling Mediterranean beaches. This strategic location creates unique market dynamics: the town balances year-round residential appeal with peak summer tourism influx, generating consistent rental demand across seasons. Calpe's Mediterranean climate delivers 320+ sunshine days annually, with mild winters (average 12°C) and warm summers (26°C), making the area attractive to Northern European retirees seeking warmth without excessive heat. The town's infrastructure has modernized significantly, with a proposed tram network connecting Calpe to Benidorm and beyond, enhancing accessibility and property valuations. Unlike overdeveloped resort towns, Calpe maintains distinct residential neighborhoods where property appreciation reflects genuine demand rather than speculative bubbles.
Life in Calpe
Living in Calpe means daily access to Blue Flag beaches, world-class golf courses, and a thriving expat community where English and German are widely spoken. The British and German populations have established robust service ecosystems—English-speaking healthcare providers, international schools, and specialized retail cater to non-Spanish residents. Weekly markets supply fresh produce, seafood markets operate daily, and Mercadona/Lidl/Consum supermarkets meet all grocery needs. Restaurant culture ranges from traditional Spanish chiringuitos (beach bars) to international dining, with competitive pricing outside peak tourist seasons. The Arenal-Bol beach, consistently awarded Blue Flag status, lies minutes away, offering safe swimming and water sports. Healthcare quality exceeds regional averages with Centro de Salud Calp supplemented by private clinics maintaining English-speaking staff. This combination—reliable infrastructure, international community integration, and Mediterranean lifestyle—attracts capital-conscious investors seeking properties that generate rental returns while offering personal usage flexibility.
Investment Potential
Calpe's property market has appreciated 7% year-on-year, outpacing broader Costa Blanca trends while remaining undervalued versus adjacent Jávea (where identical specifications command €10,150/m²). This 59m² apartment generates €1,000 weekly rental income during peak summer—€52,000 gross annually—with shoulder seasons (spring/autumn) maintaining 60-70% occupancy. Professional management companies operating throughout Calpe charge 25-30% commission, yielding €36,000-€39,000 net annual rental income representing 7.5-8.1% cash-on-cash returns. Capital appreciation projections suggest €514,000-€535,000 valuations within 24-36 months if regional trends persist. Unlike larger properties requiring substantial renovation investment, this turnkey apartment generates immediate returns while accumulating appreciation equity. Calpe's infrastructure development (tram connection, expanded marina, new commercial zones) indicates institutional investor confidence in long-term value growth.
Estimated Rental Income
Based on 65% occupancy rate
Costa Blanca Price Growth (€/m²)
Rental Yield by Area (%)
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Oskar Peterson
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I help international buyers find their perfect home in Costa Blanca. I speak English, Swedish, and Spanish.
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