€289k 2-Bed Apartment Los Alcazares - Investment Ready
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About This Property
This 2-bedroom, 2-bathroom apartment in Serena Golf represents a compelling investment opportunity in Los Alcazares, Murcia. Priced at €289,000 (€3,482/m²), this property offers exceptional value compared to Spanish island markets at 40% less per square meter. The Costa Blanca property market is experiencing consistent growth of +8% year-on-year, positioning this purchase within an appreciating asset class. For investment-focused buyers, the rental income potential is significant—typical holiday let bookings achieve €800 per week, translating to strong capital returns. The 83m² layout maximizes efficiency, combining modern specifications with an accessible price point that attracts both owner-occupiers and holiday rental operators. Located in the established Serena Golf community, this property benefits from established infrastructure, proven rental demand, and proximity to key amenities that sustain long-term occupancy rates. Whether your strategy focuses on capital appreciation, consistent holiday let income, or long-term buy-to-let rentals, this Los Alcazares apartment delivers the fundamentals institutional investors seek: competitive acquisition cost, accessible market, and documented rental demand.
About Los Alcazares
Los Alcazares is a well-established coastal municipality in the Region of Murcia, situated between the Mar Menor and Mediterranean. The town benefits from a Mediterranean climate with 300+ days of annual sunshine, mild winters (average 14°C), and warm summers moderately tempered by sea breezes. The geographical positioning provides natural protection via the Mar Menor lagoon while maintaining access to Blue Flag beaches. Los Alcazares has evolved from a traditional fishing village into a planned residential destination, attracting international investors and permanent residents. The town sits approximately 40km south of Alicante airport, positioning it within Spain's most accessible coastal regions. The established infrastructure reflects decades of measured development, with reliable utilities, telecommunications, and municipal services. The market here remains distinctly more affordable than popular island alternatives, yet maintains comparable climate, beaches, and amenities—a differential that drives consistent buyer interest and rental demand.
Life in Los Alcazares
Daily life in Los Alcazares revolves around Mediterranean coastal living with practical convenience. The established expat community means English is widely spoken in shops, restaurants, and service establishments, reducing language barriers significantly. Healthcare access is straightforward with regional hospitals within 30 minutes and private clinics offering English-speaking doctors—essential for retirees and those managing health considerations. Shopping centers feature Mercadona, Lidl, and Consum supermarkets alongside traditional Spanish markets offering fresh produce at competitive prices. The restaurant scene spans from casual beachfront chiringuitos to established fine dining, with international cuisine readily available. Beaches within 20 minutes include multiple Blue Flag designations, offering swimming, water sports, and social infrastructure. The golf community is substantial, with several championship courses nearby attracting players seeking affordable green fees compared to northern Europe. For investment-minded residents, the lower cost of living—particularly compared to northern Spain or UK equivalents—preserves rental income margins and personal spending power.
Investment Potential
This property sits at a critical inflection point in the Costa Blanca market cycle. Los Alcazares pricing has risen 8% year-on-year, yet remains 42% undervalued compared to equivalent properties on Ibiza or Formentera. The €289,000 acquisition price permits positive cash flow immediately—conservative estimates place weekly rental income at €800, annually yielding €41,600 gross (before operating expenses). Established operators report 70%+ occupancy during peak seasons, with shoulder-season bookings through UK and Northern European tour operators sustaining 40-50% occupancy year-round. The property's 2-bedroom configuration appeals to family holiday groups and couples, the most resilient demographic segments. Capital appreciation expectations align with regional trends: 6-8% annually is conservative based on infrastructure development and demographic inflow. Unlike island-dependent markets vulnerable to external shocks, Los Alcazares benefits from diverse demand sources—retirement migration, holiday rentals, second homes, and permanent relocation.
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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