€198,000 2-Bed Apartment Hondón de las Nieves - Investment Opportunity
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About This Property
This 2-bedroom, 2-bathroom apartment in Hondón de las Nieves represents a compelling investment opportunity in one of Costa Blanca's most undervalued property markets. Priced at €198,000 (€3,000/m²), it sits 36% above the local average yet remains 40% cheaper than comparable properties in Spanish island markets—a significant arbitrage opportunity for savvy investors. The property is positioned in a region experiencing consistent 8% year-on-year appreciation, with typical holiday let yields of €800 per week, translating to approximately €41,600 in gross annual rental income. For investors seeking capital appreciation combined with reliable rental income streams, this asset offers an attractive entry point into a maturing coastal market. The premium specification justifies the price premium over local comparables, while the broader market context reveals substantial upside potential compared to saturated island alternatives.
About Hondón de las Nieves
Hondón de las Nieves is a characterful pueblo located in the heart of the Hondón Valley, positioned strategically between the Costa Blanca coast and inland Alicante province. This semi-rural setting combines authentic Spanish village charm with modern infrastructure and accessibility. The area experiences a Mediterranean climate with over 300 days of sunshine annually, mild winters, and warm summers tempered by sea breezes. Elevation provides natural cooling compared to coastal zones, reducing energy costs. The location has remained under-commercialized compared to nearby coastal towns, preserving local character while benefiting from improving road infrastructure and services. Within the broader Alicante region, Hondón de las Nieves occupies a sweet spot—close enough to beaches and amenities for holiday letting appeal, yet far enough from saturated tourist zones to maintain property value stability and rental affordability advantages.
Life in Hondón de las Nieves
Daily life in Hondón de las Nieves centers around a strong established international community where English is widely spoken and integrated residents are common. The pueblo maintains authentic Spanish character with local restaurants serving regional cuisine at reasonable prices, weekly markets offering fresh produce, and a genuine sense of community. Multiple supermarkets including Mercadona, Lidl, and Consum provide convenient shopping, while nearby Blue Flag beaches are accessible within 20 minutes for weekend recreation. Healthcare access includes regional hospitals within 30 minutes and private clinics with English-speaking staff. For golf enthusiasts, championship courses are nearby. The infrastructure supports a relaxed Mediterranean lifestyle with sufficient modern conveniences—reliable internet for remote workers, healthcare parity with UK standards, and international schooling options for families. Transportation requires a car for optimal flexibility, though bus connections serve the area. The combination of affordability, expat integration, and accessible amenities makes this location increasingly attractive to lifestyle-focused investors seeking both personal enjoyment and rental income potential.
Investment Potential
The Hondón de las Nieves market is experiencing measurable appreciation at 8% year-on-year, significantly outpacing inflation while remaining below speculative pricing seen in coastal hotspots. This property at €3,000/m² trades at a 36% premium to the local €2,200/m² average, justified by superior specifications while maintaining substantial value relative to island markets. Rental income potential is considerable: typical 7-night holiday let rates of €800 generate €41,600 gross annual income assuming 52 weeks booking (achievable in established markets). Conservative projections using 35-40 weeks actual occupancy yield €28,000-€32,000 annually, producing 14-16% gross returns. After accounting for 35-40% operational costs (property management, cleaning, utilities, maintenance, taxes), net returns of 8-10% are realistic for well-managed lettings. Combined with capital appreciation and the 40% valuation discount versus comparable Spanish island properties, this investment offers dual-pathway returns: immediate cash flow and medium-term capital appreciation.
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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